Oculus Inc. Reports $102,910 Net Loss and Zero Revenue for Q1 2025

Oculus Inc. reported a net loss of $102,910 for the three months ended March 31, 2025, compared to a net loss of $82,816 for the same period in 2024. The company's revenue remained at zero for both periods, reflecting ongoing challenges in achieving profitability. Total expenses for the latest quarter included $87,637 in selling, general, and administrative costs, which increased significantly from $47,184 in the prior year, primarily due to higher professional fees. Research and development expenses decreased to $277 from $2,180, indicating a strategic shift towards cost reduction amid limited operational activity.

The company's financial position showed a decline in cash reserves, with cash and cash equivalents falling to $8,094 as of March 31, 2025, down from $11,718 at the end of 2024. Oculus reported a working capital deficiency of $512,721 and an accumulated deficit of $48,816,916. The company has indicated that it will require additional financing of $3 million to $5 million to support operations through fiscal 2025, with plans to secure this funding through the sale of equity securities. However, there is no assurance that such financing will be available on favorable terms.

Oculus continues to focus on its core business of developing cybersecurity and data privacy solutions, including its Forget-Me-Yes® platform, which addresses compliance with various data privacy regulations. The company is also working on its ComplyTrust® Software-as-a-Service suite aimed at enhancing data governance in cloud environments. Despite these initiatives, the company has not yet established a customer base, which poses significant risks to its operational viability.

In terms of organizational changes, Oculus has not reported any significant acquisitions or personnel changes in the latest quarter. The company remains committed to its strategic objectives, which include enhancing its product offerings and expanding its market presence. However, the lack of revenue generation and the ongoing financial losses raise concerns about its ability to sustain operations in the long term without securing additional funding.

Looking ahead, Oculus has acknowledged the uncertainties surrounding its financial future, particularly in light of its current cash position and the need for substantial additional financing. The company’s management believes that successful execution of its business plan and the anticipated growth in demand for its products could lead to improved financial performance. However, the ability to achieve these goals remains contingent on various external factors, including market conditions and the competitive landscape in the cybersecurity sector.