Core Viewpoint - Vaso Corporation reported a slight decline in revenue for Q2 2025, primarily due to lower performance in the professional sales service segment, while maintaining a strong balance sheet with significant deferred revenue growth [2][3][6]. Financial Performance - Revenue for Q2 2025 was $20.0 million, a decrease of 1.3% from $20.2 million in Q2 2024, mainly driven by a 4.0% decline in the professional sales service segment [3][4]. - Gross profit for the quarter was $11.8 million, down by $354 thousand or 2.9% year-over-year [4]. - The company reported a net loss of $197 thousand for Q2 2025, compared to a net income of $1.2 million in the same quarter of 2024 [6][7]. Segment Performance - Revenue in the professional sales service segment decreased by $366 thousand, while the IT segment saw a slight increase of $93 thousand, and the equipment segment rose by $4 thousand [3]. - Selling, general and administrative (SG&A) expenses increased by $1.2 million or 11% to $12.1 million, primarily due to higher personnel costs [5]. Cash Flow and Balance Sheet - Operating cash flow for the three months ended June 30, 2025, was $6.8 million, contributing to a strong cash position of $32.6 million at the end of the reporting period [2][8]. - Total current assets were $49.972 million, and total stockholders' equity was $26.501 million as of June 30, 2025 [15]. Outlook - The company remains cautiously optimistic about the full year 2025, historically achieving better profitability in the later quarters [2].

Core Viewpoint - Vaso Corporation reported record first quarter revenue of $19.5 million for the three months ended March 31, 2025, marking a 3.9% increase year-over-year, with improvements in gross profit and a narrowed net loss [2][3][6]. Financial Performance - Revenue for the first quarter of 2025 was $19.5 million, up from $18.7 million in the same period of 2024, driven by increases in the IT and professional sales service segments [3]. - Gross profit increased by $440 thousand, or 4.0%, to $11.4 million compared to $10.9 million in the first quarter of 2024, attributed to higher revenues [4]. - Selling, general and administrative (SG&A) expenses rose by $332 thousand, or 2.8%, to $12.4 million, mainly due to higher personnel costs in IT and professional sales services [5]. - Operating loss for the first quarter was $1.2 million, an improvement from a loss of $1.5 million in the same quarter of 2024 [6]. - Net loss narrowed to $1.1 million from $1.2 million year-over-year [6]. - Adjusted EBITDA was negative $1.1 million, an improvement from negative $1.3 million in the first quarter of 2024 [7]. Balance Sheet and Cash Flow - As of March 31, 2025, the company had $25.3 million in cash and cash equivalents, with total deferred revenue growing to $35.4 million, a 12.7% increase from the previous year [2][8]. - Net cash used in operating activities improved to $566 thousand from $1.1 million in the first quarter of 2024 [8]. - Total current assets were $45.981 million, while total assets were $77.914 million as of March 31, 2025 [15].