Iveda Solutions Reports Q2 2025 Financial Results with Revenue of $1.53 Million

Iveda Solutions, Inc. reported its financial results for the second quarter of 2025, revealing a total revenue of $1.53 million, a slight decrease from $1.53 million in the same period of 2024. For the first half of 2025, the company generated $3.00 million in revenue, significantly up from $1.88 million in the first half of 2024. The increase in revenue for the six-month period was primarily attributed to higher equipment sales from Iveda Taiwan, driven by the timing of deliveries related to long-term government contracts, as well as increased sales through U.S. distributors.

The company's gross profit for the second quarter of 2025 was $444,769, down from $501,178 in the prior year, while the gross profit for the first half of 2025 was $732,981, compared to $683,058 in the same period of 2024. The decrease in gross margin was largely due to lower-margin government contract sales in Taiwan. Operating expenses for the second quarter decreased to $977,129 from $1.11 million in the same quarter of 2024, contributing to a reduced loss from operations of $532,360, compared to a loss of $608,395 in the prior year. The net loss for the second quarter was $564,249, a slight improvement from a loss of $598,981 in the same quarter of 2024.

Iveda's balance sheet as of June 30, 2025, showed total assets of $4.39 million, down from $5.18 million at the end of 2024. Current liabilities increased to $2.40 million from $2.30 million, while total liabilities rose to $2.91 million from $2.67 million. The company's stockholders' equity decreased to $1.48 million from $2.51 million, reflecting ongoing operational losses. The company had cash and cash equivalents of $1.59 million, down from $2.63 million at the end of 2024, indicating challenges in maintaining liquidity.

In terms of operational developments, Iveda continues to focus on expanding its market presence, particularly in the smart city technology sector. The company has been actively involved in providing advanced AI-driven video surveillance solutions and IoT platforms. The filing noted that Iveda's customer base includes significant clients such as Chunghwa Telecom and the Taiwan Stock Exchange, with a concentration of revenue from a few key customers. As of June 30, 2025, the company had 42 customer accounts, with three customers accounting for 86% of total accounts receivable.

Looking ahead, Iveda Solutions expressed concerns regarding its ability to continue as a going concern, citing substantial doubt due to ongoing operating losses and limited liquidity. The company emphasized the need for additional financing to support operations and generate positive cash flow. Management is actively exploring options to increase revenue and secure necessary funding, although there are no assurances that such efforts will be successful. The outlook remains cautious as the company navigates a competitive landscape while aiming to capitalize on growth opportunities in the smart city and IoT markets.