CIMG Inc. reported a significant decline in financial performance for the third quarter of fiscal 2025, with revenues of $61,578, a decrease of approximately 83% compared to $366,888 in the same period last year. For the nine months ending June 30, 2025, total revenues were $84,431, down from $1,641,955 in the prior year. The company also recorded a net loss of $1,068,242 for the quarter, compared to a loss of $1,440,197 in the same quarter of the previous year. The nine-month net loss was $2,990,978, a reduction from $5,242,739 in the prior year, indicating a narrowing of losses despite the drop in revenue.
CIMG Inc. has undergone significant strategic changes, including a rebranding from Nuzee, Inc. to CIMG Inc. in October 2024, and a shift in focus from specialty coffee to a broader range of consumer food and beverage products, particularly in Asia. The company has also made notable acquisitions, including a 51% controlling interest in Beijing Xilin Online and Shanghai Huomao Cultural Development Co., Ltd. in March and April 2025, respectively. These acquisitions are part of the company's strategy to expand its market presence and product offerings.
Operationally, CIMG Inc. reported a substantial increase in inventory, which rose to $11,882,544 as of June 30, 2025, compared to $4,548,035 a year earlier. This increase reflects the company's efforts to bolster its product lines amid declining sales. The company’s cash reserves have dwindled to $35,958 from $464,222 at the end of the previous fiscal year, raising concerns about liquidity. The total employee headcount has not been disclosed, but the company has indicated a need for additional capital to sustain operations, suggesting potential workforce adjustments.
Looking ahead, CIMG Inc. anticipates the need for further capital to support its operations and strategic initiatives. The company has expressed intentions to expand its market reach and product offerings, particularly in Asia, leveraging its online sales platform. However, management has cautioned that the ability to continue as a going concern is contingent upon successfully executing its business strategy and achieving profitable operations. The company’s financial statements reflect this uncertainty, as they do not include adjustments that may be necessary if it cannot continue as a going concern.
About CIMG Inc.
CIMG Inc. is a Nevada-incorporated company focused on sourcing, marketing, and distributing maca-based health and wellness products across Asia and beyond. Its core offerings include dietary supplements, functional foods, and beverages like maca peptide coffee, maca wine, and energy drinks. The company leverages digital marketing, strategic distribution channels, and sustainable sourcing to serve wholesale and retail markets, emphasizing quality, innovation, and global expansion in the natural superfood industry.
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