Reco International loses $376,205 in Q3

Executive Summary

• Reco International Group Inc. reported financial results for the third quarter ended June 30, 2025, showing a significant decline in revenue and an increase in net losses compared to the same period in 2024.
• For the three-month period, revenue decreased by 39% year-over-year, while total operating expenses decreased by 21%.
• The company reported a net loss of $376,205 for the quarter, a substantial increase from the $77,836 loss recorded in the same period of 2024.

Key Details

• Revenue:
  • Three months ended June 30, 2025: $948,686 (down 39% from $1,554,874 in 2024).
  • Nine months ended June 30, 2025: $2,252,656 (down 7% from $2,424,371 in 2024).
• Operating Expenses:
  • Three months ended June 30, 2025: $1,310,938 (down 21% from $1,655,207 in 2024).
  • Nine months ended June 30, 2025: $3,168,531 (up 10% from $2,884,535 in 2024).
• Other Income/Expense:
  • Three months ended June 30, 2025: Total other expense of $13,953 (compared to other income of $22,497 in 2024).
  • Nine months ended June 30, 2025: Total other expense of $19,679 (compared to other income of $7,655 in 2024).
• Net Loss:
  • Three months ended June 30, 2025: Net loss of $376,205 (compared to a net loss of $77,836 in 2024).
  • Nine months ended June 30, 2025: Comprehensive loss of $935,554 (compared to a loss of $452,509 in 2024).
• Filing Status: Results and Management’s Discussion and Analysis (MD&A) have been filed with SEDAR+.

Notable Quotes

• None provided in the text.