Infinite Group, Inc. reported a significant decline in financial performance for the third quarter and the first nine months of 2025, as detailed in its latest 10-Q filing. For the three months ended September 30, 2025, the company generated revenue of $834,671, a decrease of 49% compared to $1,635,958 in the same period of 2024. The nine-month revenue also fell by 20.8%, from $4,842,422 in 2024 to $3,835,938 in 2025. The company's gross profit for the third quarter was $300,501, down from $691,044 a year earlier, while the nine-month gross profit decreased to $1,660,196 from $1,999,574.
The decline in revenue was primarily attributed to a 73% drop in managed support service sales, which fell from $1,113,968 in Q3 2024 to $302,323 in Q3 2025. This decrease was largely due to the cancellation of a significant contract with Peraton, which had previously provided a substantial portion of the company's revenue. In contrast, revenue from cybersecurity projects saw a slight decrease of 13% in Q3 but increased by 2% over the nine-month period. Software sales, including the Nodeware and Webroot products, experienced a modest increase of 10% in Q3 and 12% for the nine months.
Operationally, Infinite Group has faced challenges, including a working capital deficit of approximately $10.5 million as of September 30, 2025. The company has also reported a net loss of $669,533 for the third quarter, compared to a loss of $387,298 in the same quarter of the previous year. For the nine months, the net loss increased to $1,317,904 from $1,228,078. The company has been actively managing its expenses, with general and administrative costs decreasing by 27% in Q3 2025 compared to the previous year.
In terms of strategic developments, Infinite Group has focused on enhancing its cybersecurity offerings, particularly through its Nodeware product, which is designed to automate network asset identification and vulnerability management. The company has also been exploring potential acquisitions to expand its market presence. However, the outlook remains cautious, as management has indicated substantial doubt about the company's ability to continue as a going concern for at least the next twelve months, primarily due to ongoing losses and limited cash resources. The company plans to seek additional financing and restructure its debt obligations to support its operations moving forward.
About INFINITE GROUP INC
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