“The Company’s 2025 second quarter revenue was $20.0 million, slightly down from $20.2 million for the same quarter of the prior year,” commented Dr. Jun Ma, President and Chief Executive Officer of Vaso Corporation (VASO). “The decrease in revenue was primarily in the professional sales service segment as a result of lower equipment delivery volume by our partner. The value of orders we booked in this business segment, however, continued to outpace delivery of the underlying equipment, as reflected in higher deferred revenue, which reached a record high of $38.1 million as of June 30, 2025, up from $31.7 million as of June 30, 2024.” “Gross profit for the quarter was $11.8 million, down by $354 thousand, or 2.9%, year-over-year, and net loss for the quarter was $197 thousand, compared to net income of $1.2 million for the same quarter of 2024,” Dr. Ma continued. “Operating cash flow during the three months ended June 30, 2025 was $6.8 million. As a result, we continued to maintain a strong balance sheet with cash and cash equivalents of $32.6 million at the end of the reporting period.” “As we are historically more profitable in the later quarters of the year, we continue to be cautiously optimistic about the full year 2025,” concluded Dr. Ma.
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