Bubblr Inc. Reports 39% Revenue Decline and Increased Net Losses in Q2 2025

Bubblr Inc. reported its financial results for the second quarter of 2025, revealing a significant decline in revenue and an increase in net losses compared to the same period in the previous year. For the three months ended June 30, 2025, the company generated $712,000 in sales, a decrease of 39% from $1.17 million in the same quarter of 2024. The gross profit for the quarter was $612,000, down from $779,000 a year earlier. For the first half of 2025, total revenue was $1.35 million, compared to $2.67 million for the first half of 2024, reflecting a 49% decline. The net loss for the second quarter was $372,204, a reduction from a loss of $674,501 in the prior year, while the total net loss for the six months reached $650,760, down from $1.14 million in 2024.

The company’s balance sheet as of June 30, 2025, showed total assets of $1.36 million, an increase from $1.23 million at the end of 2024. However, total liabilities rose to $3.69 million, up from $3.18 million, primarily due to increases in accounts payable and accrued liabilities. The accumulated deficit also widened to $17.51 million from $17.01 million. The company’s cash position significantly decreased, with cash at $4,104 compared to $41,184 at the end of 2024, indicating potential liquidity challenges.

Bubblr has been focusing on strategic developments, including the launch of its first enterprise product, which is expected to drive revenue growth. The company has also been active in managing its capital structure, issuing convertible loan notes totaling $173,563 during the first half of 2025. Additionally, the company has seen a slight increase in its employee headcount, with stock options granted to employees and consultants as part of its incentive plans. As of June 30, 2025, the company had 173.36 million shares of common stock outstanding, up from 159.89 million at the end of 2024.

Operationally, the company reported a decrease in customer engagement metrics, with a notable decline in sales and marketing expenses, which totaled $71,460 for the second quarter, compared to a negative expense of $6,228 in the same quarter of 2024. The company attributed the decline in revenue to challenging market conditions and the ongoing transition to its new product offerings. Despite these challenges, management remains optimistic about future growth, emphasizing the potential of its new enterprise product and plans for geographic expansion.

Looking ahead, Bubblr Inc. has indicated that it will seek additional funding through equity or debt offerings to support its operations and growth initiatives. However, management acknowledged the uncertainty surrounding its ability to secure sufficient financing, which could impact its ongoing operations. The company’s financial statements reflect a going concern, with significant doubt regarding its ability to continue as a viable entity without additional capital.