IIOT-OXYS Reports No Revenue for Q2 2025, Sees Improved Net Loss

IIOT-OXYS, Inc. reported its financial results for the second quarter and first half of 2025, revealing a continued lack of revenue generation. For the three months ended June 30, 2025, the company did not record any revenues, consistent with the same period in 2024. Operating expenses for the quarter totaled $120,973, an increase from $104,672 in the prior year, primarily due to higher professional fees. The net loss attributable to common stockholders for the quarter was $50,411, a significant improvement compared to a net loss of $426,763 in the same quarter of 2024. For the six months ended June 30, 2025, the company also reported no revenues, with operating expenses of $213,231 leading to a net loss of $230,724, compared to a net loss of $647,381 for the same period in 2024.

The company’s balance sheet as of June 30, 2025, showed total assets of $165,950, down from $175,181 at the end of 2024. Current liabilities increased to $2,804,713 from $2,503,160, driven by higher accrued liabilities and notes payable. The accumulated deficit grew to $11,438,976, reflecting ongoing operational challenges. Cash and cash equivalents increased to $41,047, primarily due to net cash provided from the sale of convertible preferred stock amounting to $141,000, offset by cash used in operating activities.

Strategically, IIOT-OXYS has been focusing on its Structural Health Monitoring (SHM) and Smart Manufacturing verticals as potential revenue sources. The company is pursuing contracts with local municipalities and state Departments of Transportation (DOTs) for SHM services, although the current monitoring program has been suspended. The Smart Manufacturing vertical is expected to benefit from endorsements from previous customers, which could aid in securing future contracts. However, the company faces significant headwinds in raising capital, which is critical for funding its sales and marketing efforts.

Operationally, the company has not seen an increase in customer counts or user statistics, and it continues to rely on its strategic partnerships for growth. The management has indicated that the lack of funds has severely limited its ability to execute sales and marketing strategies effectively. The company is exploring options for mergers or acquisitions to enhance its financial position. Despite these challenges, management believes that the data and algorithms developed could attract potential partners interested in acquisition or collaboration.

Looking ahead, IIOT-OXYS acknowledges the uncertainty surrounding its ability to continue as a going concern, given its ongoing losses and working capital deficit. The management is actively seeking additional funding sources to sustain operations and is optimistic about the potential for future revenue growth in its targeted markets. However, the company cautions that achieving these goals will depend on successfully navigating the current financial landscape and securing necessary capital.