C2 Blockchain Reports Revenue Growth to $13,000, Net Loss Increases for March 2025

C2 Blockchain, Inc. reported its financial results for the three and nine months ended March 31, 2025, revealing a total revenue of $13,000, primarily from staking rewards. This marks a significant increase compared to the same period in the previous fiscal year, where the company reported no revenue. However, the company also experienced a net loss of $100,611 for the three months and $113,175 for the nine months, which is a substantial increase from the net loss of $3,980 and $17,490 reported in the same periods last year.

The company's operating expenses surged to $100,624 for the three months ended March 31, 2025, compared to $3,980 in the prior year. For the nine-month period, operating expenses rose to $113,188 from $17,490. This increase in expenses is attributed to higher general and administrative costs, which have impacted the overall profitability of the company. The accumulated deficit also widened to $175,694 as of March 31, 2025, compared to $62,519 a year earlier.

In terms of strategic developments, C2 Blockchain, Inc. has seen an increase in its common shares outstanding, rising to 264,736,005 shares as of March 31, 2025, from 253,936,005 shares a year prior. The company raised $110,000 from the sale of common shares and received $28,000 in cash for shares not yet issued. These financing activities have contributed to a cash balance of $20,796 at the end of the reporting period, a notable increase from $30 at the end of June 2024.

Operationally, the company has reported an increase in accrued liabilities, which reached $40,000 as of March 31, 2025, compared to no accrued liabilities in the previous year. The company has also made investments in cryptocurrency, spending $19,413 during the nine months ended March 31, 2025. Despite these investments, the company has not yet realized gains from cryptocurrency sales, indicating a focus on long-term growth rather than immediate returns.

Looking ahead, C2 Blockchain, Inc. has not provided specific forward-looking statements in the filing. However, the company’s recent activities suggest a commitment to expanding its product offerings and increasing its market presence. The increase in cash reserves and the strategic sale of common shares may position the company for future growth opportunities as it navigates the evolving blockchain landscape.