Callan JMB Inc. Reports Revenue Decline and Increased Losses in Q2 2025

Callan JMB Inc. (formerly Coldchain Technology Services, LLC) reported its financial results for the second quarter of 2025, revealing a decline in revenue and a significant increase in losses compared to the same period in 2024. For the three months ended June 30, 2025, the company generated revenue of $1.67 million, a decrease of 16% from $1.99 million in the prior year. For the first half of 2025, revenue totaled $3.12 million, down 17% from $3.78 million in the same period last year. The decrease in revenue was attributed to reduced demand for emergency preparedness services from state and local governments.

The company's cost of revenue remained relatively stable, totaling $1.02 million for the second quarter of 2025, compared to $1.02 million in the same quarter of 2024. However, gross profit fell by 33% to $643,870, down from $962,216 year-over-year. Selling, general, and administrative expenses surged by 87% to $2.05 million for the quarter, primarily due to increased consulting and professional fees associated with the company's initial public offering (IPO) and enhanced marketing efforts. As a result, Callan JMB reported a loss from operations of $1.40 million for the second quarter, compared to a loss of $133,423 in the same quarter of 2024.

In terms of operational metrics, the company’s total assets increased to $8.97 million as of June 30, 2025, up from $5.08 million at the end of 2024. This growth was driven by a rise in cash and cash equivalents, which reached $4.22 million, compared to $2.10 million at the end of the previous fiscal year. The increase in cash was largely due to net proceeds from the IPO, which generated approximately $4.68 million. The company’s total liabilities also rose significantly to $3.14 million, up from $1.91 million at the end of 2024, reflecting increased operating lease liabilities.

Callan JMB's strategic developments included the completion of its IPO in February 2025, which involved the issuance of 1.28 million shares at $4.00 per share, generating gross proceeds of $5.12 million. The company also issued warrants to underwriters as part of the offering, further enhancing its capital structure. As of June 30, 2025, the company had 4.48 million shares outstanding, reflecting the impact of its reorganization and stock issuance activities.

Looking ahead, Callan JMB anticipates continued challenges in revenue generation due to fluctuating demand for its services. The company is focused on leveraging its competitive strengths to build relationships with a diverse customer base while expanding its service offerings. Management remains committed to improving operational efficiency and addressing the increased costs associated with its growth initiatives. The company’s outlook suggests a cautious approach as it navigates the evolving market landscape and seeks to stabilize its financial performance.