Core Insights - Vaso Corporation reported a total revenue of $22.7 million for Q3 2025, marking a 9.1% increase from $20.8 million in Q3 2024, with contributions from all business segments [2][3] - The company achieved a net income of $1.7 million in Q3 2025, a significant turnaround from a net loss of $1.2 million in the same quarter last year, reflecting improved revenue and lower operating expenses [2][6] - Cash generated from operating activities was $2.8 million for Q3 2025, with cash and cash equivalents totaling $34.9 million at the end of the quarter, indicating a strong balance sheet [2][8] Financial Performance - Total revenue for Q3 2025 increased by $1.9 million, with professional sales services segment revenue rising by 18.7% to $10.8 million, driven by higher equipment delivery volumes [3] - IT segment revenue grew by 1.2% to $11.5 million, while equipment segment revenue increased by 8.0% to $0.6 million, primarily due to higher ARCS software subscription revenue [3] - Gross profit for Q3 2025 rose by 18.2% to $13.9 million, up from $11.8 million in Q3 2024, attributed to higher revenues and margins [4] Operating Expenses and Income - Selling, general and administrative (SG&A) expenses increased by 7.0% to $12.2 million, mainly due to higher personnel costs in IT and professional sales services [5] - Operating income for Q3 2025 was $1.5 million, compared to an operating loss of $1.4 million in Q3 2024, reflecting improved gross profit across all segments [6] - Adjusted EBITDA for Q3 2025 was $1.6 million, a significant improvement from a negative $1.2 million in Q3 2024, driven by increased net income [7][16] Balance Sheet Highlights - As of September 30, 2025, total current assets were $51.9 million, and total assets reached $84.5 million, indicating growth in the company's asset base [17] - Total current liabilities decreased to $31.6 million from $34.7 million, while total stockholders' equity increased to $28.2 million from $27.7 million [17]

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].