BlueOne Technologies, Inc. reported a significant decline in revenue for the three months ended June 30, 2026, generating only $11,000 compared to $95,556 during the same period in 2025. The company attributed this drop primarily to a lack of sales in prepaid debit and gift cards, which remained at zero for both periods. Operating expenses also decreased to $293,212 from $433,479 year-over-year, largely due to reduced consulting, marketing, and professional fees following the acquisition of Millennium EBS, Inc. in December 2024. Despite the reduction in expenses, BlueOne recorded a net loss of $287,522, an improvement from the $343,513 loss reported in the prior year.
The company’s total assets decreased to $12.42 million as of June 30, 2026, down from $12.63 million at the end of the previous quarter. This decline was driven by a reduction in cash reserves, which fell to $630 from $177,159, and a decrease in accounts receivable. Current liabilities increased to $2.34 million from $2.27 million, primarily due to higher accounts payable and accrued liabilities. The accumulated deficit also widened to $8.09 million, reflecting ongoing operational challenges since the company's inception in 2007.
Strategically, BlueOne has focused on integrating the Millennium EBS platform, which enhances its capabilities in payment orchestration and modernization. The acquisition is expected to position the company as a key player in the fintech sector, particularly in providing solutions for banks and financial institutions. The company is also launching BlueOne Pay, a platform aimed at facilitating low-cost conversions of stablecoin USDT into USD, targeting underserved demographics and aiming to capitalize on the growing remittance market.
Looking ahead, BlueOne Technologies faces substantial challenges, including a working capital deficit of $2.25 million and ongoing operational losses. The company has indicated that its ability to continue as a going concern is contingent upon securing additional financing and achieving profitability. Management has expressed intentions to explore equity and debt financing options to support operations and growth initiatives. The company aims to meet NASDAQ listing requirements by Q4 2027, contingent on market conditions and operational performance.
About BlueOne Technologies, Inc.
BlueOne Card, Inc. is a financial technology company providing advanced payment infrastructure solutions to banks, financial institutions, and fintech firms globally. Its core offerings include a Payment Hub platform for streamlining diverse payment types, ISO 20022 compliance services, and a remittance platform enabling cost-effective stablecoin (USDT) to USD conversions. BlueOne’s technology-driven model focuses on regulatory compliance, operational efficiency, and serving underbanked and digital asset users.
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