VoIP-Pal Reports $1.91 Million Net Loss for Six Months Ending March 31, 2025

VoIP-Pal.com Inc. has reported its financial results for the six months ending March 31, 2025, revealing a net loss of $1.91 million, a 41% decrease from the $3.23 million loss recorded in the same period the previous year. The company's total expenses for the six months were $1.88 million, down from $3.26 million in the prior year, primarily due to significant reductions in officers' and directors' fees and legal expenses. The company did not generate any revenue during this period, consistent with its previous fiscal results.

In terms of financial position, VoIP-Pal's total assets decreased to $1.53 million as of March 31, 2025, down from $2.46 million at the end of September 2024. The decline in assets was largely attributed to a reduction in cash reserves, which fell to $1.46 million from $2.37 million. The company's liabilities also decreased significantly, with accounts payable and accrued liabilities dropping to $129,464 from $300,782. This reduction reflects the company's efforts to manage its operational costs more effectively.

Strategically, VoIP-Pal has continued to focus on its core business of developing and monetizing its VoIP-related intellectual property. The company has issued additional shares, including 17 million common shares for cash proceeds of $85,000 and 5 million shares to settle accounts payable. As of March 31, 2025, the total number of issued common shares increased to approximately 3.65 billion, while the number of preferred shares rose to 926,438. The company has also been active in issuing warrants, with a total of 3.26 billion outstanding as of the end of the reporting period.

Operationally, VoIP-Pal's management has indicated that the company is in various stages of product development and continues to face challenges in generating revenue. The accumulated deficit has now reached $105.27 million, reflecting ongoing losses since its inception. The company has emphasized the need for additional working capital to sustain operations and is exploring options for financing, including potential private placements. The management has expressed concerns about the company's ability to continue as a going concern without securing further capital.

Looking ahead, VoIP-Pal's management remains cautious, acknowledging the uncertainties surrounding its ability to raise necessary funds and the potential impact of ongoing patent litigation on its operations. The company is actively working to enhance its internal controls and financial reporting processes in response to identified weaknesses. As it navigates these challenges, VoIP-Pal aims to leverage its patent portfolio to create value through licensing agreements and other monetization strategies.