Eightco Holdings ( (OCTO) ) has released a notification of late filing.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Eightco Holdings Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending June 30, 2025. The primary reason for this delay is the inability to complete the necessary administrative processes in time. The company anticipates filing the report within five calendar days of the original due date. Financially, Eightco Holdings expects to report a net loss of approximately $1.2 million for the three months ending June 30, 2025, compared to a net income of $4.3 million for the same period in 2024. This shift is attributed to the absence of a gain on extinguishment of liabilities recognized in the prior year. However, revenues are expected to increase to $7.6 million from $5.3 million, driven by higher customer demand. The company is committed to maintaining compliance, as indicated by the signature of Brett Vroman, Chief Financial Officer, on the notification.
Spark’s Take on OCTO Stock
According to Spark, TipRanks’ AI Analyst, OCTO is a Neutral.
Eightco Holdings faces significant financial challenges, including high leverage and negative earnings, which are the primary concerns. However, recent liability reductions and positive technical indicators provide some optimism for potential recovery.
To see Spark’s full report on OCTO stock, click here.
More about Eightco Holdings
Average Trading Volume: 1,124,129
Technical Sentiment Signal: Hold
Current Market Cap: $4.63M
For an in-depth examination of OCTO stock, go to TipRanks’ Overview page.