Authentic Holdings Reports Revenue Growth to $97,163 but Faces Net Loss of $1,024,138

Authentic Holdings, Inc. reported significant financial developments in its latest 10-Q filing for the quarter ending June 30, 2025. The company generated revenues of $97,163 for the three months ended June 30, 2025, a substantial increase from $27,332 in the same period last year. For the six months ending June 30, 2025, revenues reached $250,477, compared to $67,572 for the same period in 2024. This growth is attributed to the company's strategic initiatives, including the acquisition of the Goliath Motion Picture Promotions assets, which are expected to enhance content distribution capabilities and diversify revenue streams.

Despite the revenue increase, Authentic Holdings reported a net loss of $1,024,138 for the six months ended June 30, 2025, compared to a loss of $151,861 in the prior year. The company's operating expenses rose significantly, from $451,726 in the first half of 2024 to $759,061 in 2025, primarily due to increased general and administrative costs, including salaries and royalties associated with the Maybacks acquisition. The company also noted a decrease in depreciation and amortization expenses, reflecting the transition from licensed to owned assets.

Operationally, Authentic Holdings has made strides in expanding its media presence through its subsidiary, Maybacks Global Entertainment, which has grown from a 25-channel network to 42 channels over the past year. The company has also entered into various partnerships to enhance its content distribution, including agreements with Whale TV and LIME X, which are expected to drive advertising revenue. As of June 30, 2025, the company had a working capital deficit of $6,231,539 and an accumulated deficit of $40,383,043, raising concerns about its ability to continue as a going concern.

The company has also been active in its strategic acquisitions, including the formal acquisition of the Goliath Motion Picture Promotions assets, valued at approximately $10.79 million. This acquisition is anticipated to allow for vertical and horizontal integration, enabling the company to monetize its content library more effectively. Additionally, Authentic Holdings is developing a non-fungible token (NFT) platform and has plans to launch various themed vinyl records, further diversifying its revenue sources.

Looking ahead, Authentic Holdings aims to secure additional financing to support its operations and growth initiatives. The company acknowledges the challenges it faces, including high debt levels and competition from larger firms in the media space. Management's plans include raising capital through debt and equity markets, although there is no assurance that such funding will be available on favorable terms. The company remains focused on leveraging its recent acquisitions and partnerships to drive future revenue growth while navigating its financial challenges.