Catalyst Crew Technologies Reports No Revenue and Reduced Losses for Six Months Ended June 30, 2025

Catalyst Crew Technologies Corp. reported no revenue for the three and six months ended June 30, 2025, maintaining the same status as the previous fiscal period. The company recorded a net loss of $29,182 for the three months and $53,637 for the six months, a significant reduction from the net loss of $1,525,907 and $2,300,127, respectively, for the same periods in 2024. This decrease in losses is attributed to a substantial reduction in operating expenses, which fell to $19,854 for the three months and $35,821 for the six months, down from $1,517,170 and $2,282,224 in the prior year. The decline in expenses was primarily due to a decrease in stock-based compensation.

In terms of financial position, Catalyst Crew Technologies reported total current liabilities of $627,212 as of June 30, 2025, compared to $573,575 at the end of 2024. The company has accumulated a deficit of $29,446,938 since its inception. The working capital deficit increased from $573,575 to $627,212, indicating ongoing financial challenges. The company’s cash flow from operating activities used $33,869 in the first half of 2025, a slight improvement from $44,553 in the same period of 2024. Financing activities provided $33,869 in cash, consistent with the previous year.

Strategically, Catalyst Crew Technologies has undergone significant organizational changes. The company changed its name from Blue Chip Technologies Corporation to Catalyst Crew Technologies Corp. in July 2024, reflecting a shift in business direction. In March 2023, the company acquired big data analytics assets from JT Technologies LLC, aimed at the gaming and gambling industry. However, as of June 2024, the company ceased operations related to big data analytics and has since focused on new business initiatives. The management team has also seen changes, with Waqas Nakhwa becoming the new CEO in June 2024.

The company has not reported any customer counts or user statistics, and there are no indications of geographic expansion or product adoption rates in the filing. As of June 30, 2025, the company had 29,276,895 shares of common stock issued and outstanding, with no changes in employee headcount reported. The company’s ability to continue operations is uncertain, as it relies heavily on attracting funding through the sale of securities or other financing sources. The management has expressed concerns regarding its ability to generate necessary funds and has indicated that failure to secure additional financing may lead to a suspension of operations.

Looking ahead, Catalyst Crew Technologies acknowledges substantial doubt about its ability to continue as a going concern. The company plans to seek additional financing through private equity offerings to support its operations. However, there is no assurance that it will be successful in raising the required capital. The management's focus will be on developing its operational plans and transitioning to profitable operations, but the uncertainties surrounding funding and market conditions pose significant risks to its future.