IIOT-OXYS Reports Q1 2025 Financial Results with Increased Net Loss and No Revenue

IIOT-OXYS, Inc. reported its financial results for the first quarter of 2025, revealing a net loss of $180,313, a decrease from a net loss of $220,618 in the same period last year. The company did not generate any revenue during the quarter, compared to $2,500 in revenue for the first quarter of 2024. Operating expenses increased to $92,258 from $66,682 year-over-year, primarily driven by higher general and administrative costs, which rose to $80,053 from $54,341. The company’s accumulated deficit now stands at $11,388,565 as of March 31, 2025.

In terms of financial position, IIOT-OXYS reported total assets of $172,244, down from $175,181 at the end of 2024. Current liabilities increased to $2,861,576 from $2,503,160, largely due to a rise in accrued liabilities and notes payable. The company’s cash and cash equivalents decreased to $17,861 from $23,593, indicating a tightening liquidity position. The company’s stockholders' equity deficit widened to $3,530,332 from $3,347,179.

Strategically, IIOT-OXYS has faced challenges in its revenue-generating efforts, particularly following the conclusion of its Department of Transportation (DOT) Bridge Monitoring Contract in December 2023. The company is focusing on its Structural Health Monitoring (SHM) vertical as a potential future revenue stream, although it has encountered delays in contract conversions. The company is also pursuing opportunities in Smart Manufacturing, leveraging past successes to attract new clients.

Operationally, the company has not reported significant changes in customer counts or user statistics, and it continues to seek funding to support its sales and marketing efforts. The management has indicated that the lack of adequate capital has limited its operational capabilities, including the ability to compensate its leadership team. The company is exploring options for mergers or acquisitions to enhance its financial stability and growth prospects.

Looking ahead, IIOT-OXYS acknowledges the significant headwinds it faces in raising capital and expanding its market presence. The management remains optimistic about the potential of its strategic partnerships and the value of its developed assets in the smart manufacturing and SHM sectors. However, the company cautions that future revenue growth will depend heavily on its ability to secure necessary funding and convert ongoing discussions into contracts.