Core Insights - CleanCore Solutions, Inc. reported record fourth quarter revenue exceeding $1.1 million, marking the first quarter to surpass $1 million in U.S. sales [3][8] - The company achieved a full year revenue increase of 29%, reaching approximately $2.07 million for the fiscal year ended June 30, 2025, compared to approximately $1.61 million for the previous fiscal year [4] - The CEO highlighted strong customer confidence demonstrated by large purchase orders and a strengthened balance sheet through debt-to-equity conversions and cash from warrant exercises [3][8] Financial Performance - For the fiscal year ended June 30, 2025, general and administrative expenses rose to approximately $7.08 million, up from approximately $2.47 million in the prior year, primarily due to non-cash stock-based compensation and increased professional fees [4] - The net loss for the fiscal year was approximately $6.74 million, compared to approximately $2.28 million for the fiscal year ended June 30, 2024, with non-cash stock compensation accounting for approximately $3.20 million of the loss [4][6] - In Q4, approximately $230,000 of revenue was reversed and reclassified as intercompany sales following the Sanzonate acquisition [4] Business Developments - The company received a significant purchase order of $1.37 million from a major U.S. customer, with $876,000 shipped and invoiced in Q4, and an additional $261,000 order scheduled for Q1 2026 [8] - Following the acquisition of Sanzonate Europe Ltd., CleanCore is experiencing positive outcomes, including new contract opportunities in Europe and an expanded international sales pipeline [8] - The company enhanced its capital structure by converting over $600,000 of debt into equity and receiving over $400,000 from warrant conversions [8]
CleanCore Solutions, Inc. (ZONE) Reports Record Revenue for the Fiscal Fourth Quarter and Full Year 2025