Eva Live Inc. Reports 89% Revenue Growth and Net Income Turnaround in Latest 10-Q Filing

Eva Live Inc. reported significant financial improvements in its latest 10-Q filing for the quarter ending June 30, 2025. The company generated total revenues of $4.14 million for the three months ended June 30, 2025, a 89% increase from $2.19 million in the same period last year. For the six months ending June 30, 2025, revenues reached $7.82 million, up from $4.43 million in the prior year. The company also reported a net income of $2.63 million for the quarter, compared to a net loss of $360,361 in the same quarter of 2024. For the six-month period, net income was $4.62 million, a substantial turnaround from a loss of $163,652 in the previous year.

The company’s operational metrics also showed notable changes. The number of customers increased from four to eleven year-over-year, indicating a growing market presence. The top three customers accounted for 88% of receivables as of June 30, 2025, highlighting a concentration of revenue sources. Operating expenses decreased significantly, with general and administrative costs dropping to $331,451 from $588,447, and media traffic purchases reduced to $1.18 million from $1.95 million, reflecting improved operational efficiency.

Strategically, Eva Live Inc. has focused on enhancing its digital marketing capabilities through its AI-driven Eva Platform, which optimizes advertising campaigns. The company has also expanded its product offerings with the Eva XML Platform, which facilitates traffic purchasing and ad placement across various media channels. This strategic direction aligns with the company's goal to leverage big data for improved advertising effectiveness. Additionally, the company has made organizational changes, including the appointment of new board members and a revised employment agreement for CEO David Boulette, which includes performance-based incentives.

Despite the positive financial results, the company continues to face challenges, including an accumulated deficit of $23.85 million as of June 30, 2025. The management has expressed concerns regarding the company's ability to sustain operations without additional capital, as indicated by the independent auditors' report highlighting substantial doubt about the company's ability to continue as a going concern. The company plans to seek additional funding through private equity or public markets to support its growth initiatives and operational needs.

Looking ahead, Eva Live Inc. aims to continue its growth trajectory by investing in technology development and marketing efforts. The company has budgeted at least $500,000 for sales and marketing campaigns over the next twelve months and anticipates further capital expenditures to enhance its technological solutions. However, the management acknowledges the need for additional capital to achieve sustainable operations and meet its financial obligations in the coming year.