Workflow
The Food Channel
icon
Search documents
Amaze Highlights Achievements in 2025 Year-End Letter to Shareholders
Globenewswireยท 2025-12-11 13:30
Core Insights - Amaze Holdings, Inc. has achieved significant milestones in 2025, focusing on creator-powered commerce and enhancing its operational efficiency [1][2][3] Financial Performance and Strategy - The company eliminated approximately $3 million in convertible note debt and resolved around $5 million in accounts payable and tax liabilities, utilizing about $4 million in cash and $1 million through renegotiated terms [7] - By the end of Q4 2025, the company expects to have approximately $3.5 million cash on hand and projects generating $18.3 million in gross merchandise value (GMV) for the full year 2026, with net revenue for the Amaze commerce business expected to be $7.3 million, reflecting a projected annual growth rate of 52% [7][8] - The acquisition of The Food Channel is anticipated to generate at least $6 million in topline revenue for 2026, contributing to the company's growth [8] Operational Improvements - In Q4 2025, the company reduced its monthly burn by over $300,000 and focused on automating operations to enhance efficiency [4] - The company has established an at-the-market (ATM) sales agreement and an equity line of credit (ELOC) to raise capital for business advancement [5] Product Development and Innovation - The launch of Amaze Moments, an advanced AI engine, aims to assist creators in identifying and acting on spikes in traffic and engagement, significantly improving store launch times and conversion rates [10] - Investments in platforms like Kast and Digital Fits are intended to enhance live shopping experiences and integrate digital wearables into both virtual and physical realms [11] Future Outlook - The company is positioned for growth in 2026, with a focus on expanding its creator base and enhancing product offerings to empower millions of creators [9][12] - The integration of The Food Channel is progressing quickly, with expectations of a material impact on earnings and revenue in 2026 [8]