CISO Global, Inc.
For the period ended Jun 30, 2025. Filed Aug 14, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 14, 2025
CISO$0.17-4.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations and Comprehensive Loss
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue: | ||||
| Security managed services | $6,046,950 | $7,080,326 | $12,492,183 | $14,238,959 |
| Professional services | 522,804 | 632,225 | 1,092,627 | 1,398,723 |
| Cybersecurity software | 143,833 | 95,874 | 291,099 | 196,157 |
| Total revenue | 6,713,587 | 7,808,425 | 13,875,909 | 15,833,839 |
| Cost of revenue: | ||||
| Security managed services | 1,809,328 | 2,334,703 | 3,813,175 | 4,888,652 |
| Professional services | 72,547 | 134,584 | 122,739 | 290,164 |
| Cybersecurity software | 58,815 | 28,264 | 92,045 | 58,769 |
| Cost of payroll | 2,658,957 | 3,176,818 | 5,411,003 | 6,658,726 |
| Stock-based compensation | 477,100 | 1,200,147 | 1,018,505 | 2,297,397 |
| Total cost of revenue | 5,076,747 | 6,874,516 | 10,457,467 | 14,193,708 |
| Total gross profit | 1,636,840 | 933,909 | 3,418,442 | 1,640,131 |
| Operating expenses: | ||||
| Professional fees | 166,178 | 311,194 | 679,857 | 802,261 |
| Advertising and marketing | 525,302 | 6,322 | 529,032 | 32,760 |
| Selling, general and administrative | 2,630,096 | 3,605,280 | 5,286,987 | 7,583,874 |
| Stock-based compensation | 644,651 | 1,252,720 | 961,698 | 2,359,742 |
| Total operating expenses | 3,966,227 | 5,175,516 | 7,457,574 | 10,778,637 |
| Loss from operations | (2,329,387) | (4,241,607) | (4,039,132) | (9,138,506) |
| Loss on extinguishment of convertible notes | (24,518) | - | (863,669) | - |
| Change in fair value of derivative liability | 79,919 | - | 5,467,610 | - |
| Interest expense | (736,309) | (623,941) | (8,949,180) | (1,373,766) |
| Other income (expense), net | 374 | (73,810) | (5,154) | (34,918) |
| Loss from continuing operations before income taxes | (3,009,921) | (4,939,358) | (8,389,525) | (10,547,190) |
| Provision for income taxes | - | - | - | - |
| Loss from continuing operations | (3,009,921) | (4,939,358) | (8,389,525) | (10,547,190) |
| Loss from discontinued operations, net of income taxes (1) | - | (3,497,529) | - | (4,498,885) |
| Net loss | $(3,009,921) | $(8,436,887) | $(8,389,525) | $(15,046,075) |
| Net loss per common share, basic and diluted: | ||||
| Continuing operations | $(0.09) | $(0.40) | $(0.36) | $(0.87) |
| Discontinued operations | - | (0.29) | - | (0.37) |
| $(0.09) | $(0.69) | $(0.36) | $(1.24) | |
| Weighted-average shares used in computing net loss per share, basic and diluted: | 31,834,324 | 12,213,362 | 23,084,015 | 12,089,673 |
| Other comprehensive (loss) income: | ||||
| Foreign currency translation adjustments | $(1,487) | $253,414 | $2,719 | $(403,760) |
| Other comprehensive (loss) income | (1,487) | 253,414 | 2,719 | (403,760) |
| Comprehensive loss | $(3,011,408) | $(8,183,473) | $(8,386,806) | $(15,449,835) |
| (1) | Includes recognized loss on assets held for sale of $3,349,799 for the three and six months ended June 30, 2024. |
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