Quarta-Rad, Inc. reported a significant increase in revenue for the third quarter of 2025, with total sales reaching $62,469, a 234.11% increase compared to $18,697 in the same period of 2024. This growth was primarily driven by a substantial rise in revenue from its subsidiary, Sellavir, which generated $60,000 in sales, up from $10,000 a year earlier. However, the company also reported a net loss of $66,641 for the quarter, a stark increase from a loss of $2,609 in the prior year, largely attributed to increased operating expenses and stock-based compensation.
For the nine months ending September 30, 2025, Quarta-Rad's total revenue increased by 133.13% to $162,686, compared to $69,783 in the same period of 2024. The cost of goods sold also rose significantly, increasing by 157.56% to $97,531, reflecting the higher sales volume, particularly from Sellavir. Operating expenses for the nine-month period rose to $307,580, a 41.59% increase from $217,237, primarily due to stock-based compensation expenses associated with Sellavir.
In terms of operational metrics, Quarta-Rad's cash reserves decreased to $33,108 as of September 30, 2025, down from $63,021 at the end of 2024. The company’s total assets also fell to $376,867 from $577,814, while total liabilities decreased to $267,757 from $400,976. The company’s stockholders' equity was reported at $109,110, down from $176,838, reflecting the ongoing losses and increased expenses.
Strategically, Quarta-Rad is shifting its focus from traditional product sales, such as Geiger counters, to software development, particularly through its AI-driven call center platform, CenterEye. The company is actively pursuing partnerships and marketing efforts to enhance its presence in the call center industry, particularly in the U.S. and Japan. The management has indicated plans to explore a potential spin-off of its current operations to better align with its evolving business strategy.
Looking ahead, Quarta-Rad's management acknowledges the challenges posed by its recurring operating losses and limited revenues, raising concerns about its ability to continue as a going concern. The company plans to maintain adequate working capital and is exploring options to enhance its operational efficiency and revenue generation, particularly through the development of CenterEye and other AI-driven solutions.
About Quarta-Rad, Inc.
Quarta-Rad, Inc. develops and distributes radiation, radon, EMI, and light detection devices primarily for consumers, homebuilders, and contractors. The company sells products online and through resellers, leveraging proprietary software and exclusive distribution rights. Its business model focuses on product sales, software development, and expanding AI capabilities via its subsidiary Sellavir, targeting safety, environmental monitoring, and call center industries.
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