AppYea, Inc. reported its financial results for the second quarter of 2025, revealing a significant decline in revenue and ongoing operational challenges. For the three months ended June 30, 2025, the company generated revenues of $1,000, a decrease from $2,000 in the same period of 2024. For the six months ending June 30, 2025, total revenues were $4,000, down from $15,000 in the prior year. The company continues to face an accumulated deficit of $10.53 million and a stockholders' deficiency of $4.16 million, raising concerns about its ability to continue as a going concern.
The financial performance reflects a notable increase in research and development expenses, which rose to $221,000 for the three months ended June 30, 2025, compared to $96,000 in the same period of 2024. This increase is attributed to write-offs of certain investments in intellectual property and ongoing product development efforts. Conversely, sales and marketing expenses decreased significantly from $103,000 to $32,000, and general and administrative expenses also saw a reduction from $205,000 to $97,000, primarily due to the elimination of the former CEO's position and related costs.
Operationally, AppYea is focused on its flagship product, the AppySleep wristband, which is currently in serial manufacturing. The company has also initiated a strategic shift in leadership, appointing Yakir Abadi as the new CEO and Eldar Grady as the executive chairman of the board, effective August 12, 2025. This change comes as part of a broader effort to stabilize the company and enhance its market position. The company has also extended the maturity date of its outstanding convertible promissory notes to February 15, 2026, in a bid to manage its financial obligations.
Despite these efforts, AppYea's financial outlook remains uncertain. The company reported a net loss of $6,000 for the three months ended June 30, 2025, compared to a profit of $181,000 in the same period of 2024. The ongoing losses and the need for additional capital to fund operations and product development underscore the challenges facing the company. Management has indicated that it will continue to seek funding through various means, including equity offerings and strategic partnerships, to support its operations and growth initiatives.
Looking ahead, AppYea aims to enhance its product offerings and market presence, particularly in the growing sleep apnea and snoring treatment market. The company plans to file for FDA approval for its AppySleep LAB app and continue developing its AppySleep PRO wristband. However, the success of these initiatives will depend on the company's ability to secure adequate financing and effectively execute its strategic plans in a competitive landscape.
About APPYEA, INC
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.