Core Insights - Delota Corp. reported its financial results for the three and six months ended September 30, 2025, highlighting the impact of operational restructuring on its performance [3][4]. Financial Performance - Total revenue for the three months ended September 30, 2025, was $8,672,936, a decrease from $9,757,783 for the same period in the previous year [5]. - Total revenue for the six months ended September 30, 2025, was $18,716,606, down from $19,641,666 for the six months ended July 31, 2024 [8]. - Adjusted EBITDA for the three months ended September 30, 2025, was a loss of $357,801 compared to a positive $302,233 for the same period in the previous year [8]. - Adjusted EBITDA for the six months ended September 30, 2025, was a loss of $6,001 compared to a positive $420,940 for the same period in the previous year [8]. System-Wide Revenue - Total System-Wide Revenue for the three months ended September 30, 2025, was $10,419,383, slightly down from $10,436,279 for the same period in the previous year [8]. - Total System-Wide Revenue for the six months ended September 30, 2025, was $20,969,323, compared to $20,944,034 for the six months ended July 31, 2024 [8][10]. Gross Profit Margin - The gross profit margin for the three months ended September 30, 2025, was 31%, down from 42% for the same period in the previous year [8]. - The gross profit margin for the six months ended September 30, 2025, was 34%, compared to 41% for the six months ended July 31, 2024 [8]. Customer Base and Market Position - Delota has a customer base of over 325,000 registered accounts across its online and brick-and-mortar platforms [6][16]. - The company aims to expand its retail footprint and strengthen its e-commerce platform as part of its growth strategy [16].

Core Insights - Bitcoin Depot has announced a retail partnership with Wild Bill's Tobacco to install Bitcoin ATMs in 10 of its stores, with potential for future expansion across over 250 locations [1][2][3] - The partnership aims to enhance customer access to Bitcoin, making it simple and secure for consumers to purchase cryptocurrency while shopping for everyday items [2][3] - Bitcoin Depot has experienced significant growth in 2025, including international expansion into Hong Kong and multiple strategic partnerships [3] Company Overview - Bitcoin Depot, founded in 2016, operates the largest network of Bitcoin ATMs in North America, with over 9,000 kiosks across 47 states as of August 2025 [5] - The company focuses on providing users with an efficient way to convert cash into Bitcoin, facilitating its use in payments, spending, and investing [5] - Wild Bill's Tobacco, established in 1994, is the second largest tobacco retailer in the U.S. and has over 240 locations, known for its customer service and product selection [6]

Core Viewpoint - Delota Corp. has changed its auditor to Horizon Assurance LLP effective July 15, 2025, following the resignation of its previous auditor, Stern & Lovrics LLP, at the company's request [1][2]. Company Overview - Delota Corp. is the largest omni-channel specialty vape retailer in Ontario, aiming to become a leading national retailer of nicotine vape and alternative tobacco products [3]. - The company's growth strategy includes expanding its flagship brand, 180 Smoke Vape Store, through organic growth in Ontario and select provinces, enhancing its national e-commerce platform, and pursuing strategic mergers and acquisitions [3]. - Delota is focused on expanding its nicotine product assortment, improving customer experience, and increasing its registered customer base, which currently exceeds 280,000 accounts [3].