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CleanCore Solutions Reports Fiscal First Quarter 2026 Financial Results and Provides Update on its DOGE Treasury Strategy
Globenewswire· 2025-11-13 14:18
Core Insights - CleanCore Solutions, Inc. announced its financial results for Q1 2026 and provided an update on its Dogecoin treasury strategy, aiming to acquire up to 5% of Dogecoin's circulating supply [2][3] Financial Results - Revenue for Q1 2026 was approximately $0.9 million, an increase from approximately $0.4 million in Q1 2025 [4][9] - Gross profit for Q1 2026 was $0.5 million, representing 59% of revenue, compared to $0.2 million or 51% of revenue in Q1 2025 [9] - General and administrative expenses rose to approximately $8.6 million in Q1 2026, up from approximately $0.9 million in Q1 2025, primarily due to increased professional fees, stock-related compensation, and salaries for new employees [5][9] - The net loss for Q1 2026 was approximately $13.4 million, compared to approximately $0.9 million in Q1 2025, which included non-cash stock compensation of approximately $1.2 million [6][9] - As of September 30, 2025, cash and cash equivalents totaled $12.9 million [9] Digital Asset Strategy - The company holds 703,617,752 Dogecoin with a carrying fair value of approximately $163.9 million as of September 30, 2025 [7][9] - A private placement of $175 million was closed to fund the formation of the official Dogecoin treasury strategy in partnership with House of Doge [9] - The company appointed a new Chief Investment Officer and two new Board members to lead its digital asset strategy [9] Business Highlights - The company is focused on enhancing Dogecoin's real-world utility through payments and integrations within the global sports and entertainment ecosystem [2] - CleanCore aims to position Dogecoin as a trusted reserve asset and a cornerstone of the next generation of digital finance [2]
CleanCore Solutions Provides Update on Recent Market Trading Activity
Globenewswire· 2025-11-10 13:00
Core Insights - CleanCore Solutions, Inc. is experiencing stock price volatility attributed to broader market conditions rather than company-specific developments [2][3] - The company maintains a strong balance sheet and an unchanged strategic roadmap, focusing on disciplined execution and transparency [3] - CleanCore is considering a share repurchase program if stock prices remain low, aiming to enhance shareholder value [3] Company Overview - CleanCore Solutions, Inc. specializes in cleaning and disinfection practices using patented aqueous ozone technology, promoting cost-effective and sustainable solutions [4] - The company's mission is to create a healthier and greener future through innovation and commitment to excellence [4] Market Context - Recent declines in cryptocurrency markets and tightening liquidity in digital asset markets are impacting market conditions [2] - Market volatility is creating temporary pricing dislocations between intrinsic value and market valuation [3]
NYSE-Listed CleanCore Buys Another 100M Dogecoin, Total Holdings Exceed 600M DOGE
Yahoo Finance· 2025-09-16 18:20
Core Insights - CleanCore Solutions has expanded its Dogecoin holdings to over 600 million tokens, marking a significant milestone in its treasury strategy [1][4] - The company aims to acquire 1 billion DOGE within 30 days of launching its initiative on September 5 [2] - CleanCore's recent purchase follows a record private placement fundraising of $175 million, attracting over 80 institutional investors [3] Financial Performance - CleanCore reported record Q4 2025 revenue of $1.1 million, marking its first quarter exceeding $1 million in sales [5] - Full-year revenue grew by 29% to $2.1 million, indicating strong operational cash flow [5] - The company secured a major purchase order worth $1.37 million in June, with significant shipments in Q4 [6] Strategic Partnerships - CleanCore's treasury strategy is supported by a partnership with the Dogecoin Foundation's corporate arm, House of Doge [1][4] - A collaboration with Bitstamp by Robinhood has established a trading venue for the Official Dogecoin Treasury, focusing on yield-bearing opportunities for DOGE holders [6][7] - The long-term strategy includes acquiring up to 5% of Dogecoin's circulating supply and advancing its use in payments and tokenization [7]
CleanCore Solutions Announces Closing of $175,000,420 Private Placement
Globenewswire· 2025-09-05 18:00
Core Insights - CleanCore Solutions, Inc. has successfully closed a private investment in public equity (PIPE) financing, raising gross proceeds of $175,000,420 to acquire Dogecoin and integrate it into its treasury operations [1][4][5] - The transaction has established the official Dogecoin treasury of the Dogecoin Foundation and the House of Doge, which will support and advise the treasury [2][8] - Marco Margiotta has joined CleanCore as Chief Investment Officer, leading the initiative to bring digital assets into public markets with integrity and long-term vision [4][8] Company Overview - CleanCore Solutions, Inc. is focused on revolutionizing cleaning and disinfection practices through patented aqueous ozone technology, aiming for sustainable solutions that exceed traditional methods [7] - The company is listed on NYSE American and is compliant with all listing requirements, having secured clearance for the PIPE transaction [5] House of Doge - House of Doge Inc. is the corporate arm of the Dogecoin Foundation, dedicated to advancing Dogecoin as a decentralized global currency and investing in necessary infrastructure for its everyday use [8] - The House of Doge aims to develop financial products, real-world asset tokenization, and cultural partnerships to enhance Dogecoin's utility and growth [8]
CleanCore Solutions, Inc. (ZONE) Secures Multi-Million Dollar Contract for Global Logistics Leader
Globenewswire· 2025-06-25 12:30
Core Insights - CleanCore Solutions, Inc. has secured a multi-million dollar contract with a leading logistics and delivery organization to deploy its chemical-free cleaning technology across over 1,000 facilities in the U.S. [1][2] - The implementation of CleanCore's proprietary Power Caddies and Fill Stations is set to begin this month, with further expansion planned throughout 2025 [2][3] - This contract highlights a growing trend among Fortune 500 companies towards sustainability and operational efficiency, as CleanCore's technology offers a safe alternative to traditional cleaning chemicals [3][4] Company Overview - CleanCore Solutions, Inc. focuses on revolutionizing cleaning practices through its patented aqueous ozone technology, aiming to provide cost-effective and sustainable solutions [5] - The company's mission is to create a healthier and greener future by replacing traditional cleaning chemicals with safer alternatives [5]