Core Viewpoint - Eightco Holdings Inc. is focusing on capital deployment into the refurbished Apple products business while prioritizing financial stability for long-term growth [1][2]. Financial Performance - For the first quarter of 2025, Eightco reported revenues of $9.9 million, a 25% increase from $8.0 million in the same quarter of 2024 [5][6]. - The gross profit for the first quarter of 2025 was $0.8 million, down from $1.4 million in the first quarter of 2024, resulting in a gross profit margin of 8.2%, compared to 17.5% in the prior year [6][3]. - Operating losses improved by 55%, with a loss of $1.4 million in the first quarter of 2025 compared to a loss of $3.2 million in the first quarter of 2024 [5][6]. - Selling, general, and administrative (SG&A) expenses decreased by 29% to $2.2 million in the first quarter of 2025 from $3.1 million in the same quarter of 2024 [6][3]. Strategic Focus - The company is committed to reducing operating costs and addressing selling and administrative expenses to enhance long-term shareholder value [2][3]. - Eightco's current operations are positioned to scale revenues significantly with a modest increase in expenses, particularly in the refurbished Apple products sector [2][3]. Operational Insights - The reallocation of capital back into the refurbished Apple products business has been a key driver of revenue growth [3][5]. - The absence of restructuring and severance expenses in the first quarter of 2025 contributed to the reduction in operating losses [5][6]. Overall Financial Summary - Total operating expenses for the first quarter of 2025 were $2.2 million, down from $4.5 million in the first quarter of 2024 [4][6]. - The net loss attributable to Eightco Holdings Inc. was $2.5 million in the first quarter of 2025, compared to a net income of $1.9 million in the same quarter of 2024 [7][6].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number: 001-41033 EIGHTCO HOLDINGS INC. (Exact Name of Registrant as Specified in its Charter) Delaware 87-2755739 (State or Other J ...

Easton, PA, April 28, 2025 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the "Company" or "Eightco") today announced the appointment of Nicola Caiano to its Board of Directors. Mr. Caiano brings over three decades of expertise in financial strategy, capital markets, and investment management, further strengthening Eightco's strategic vision and growth trajectory. For additional information, please visit www.8co.holdings and www.forever8.com. Forward-Looking Statements This press release contains ...

2024 revenues of $39.6 million down from $67.6 million, driven by reduction in capital available for cell phone sales after repayment of the previously outstanding convertible note2024 Gross Profit of $6.0 million, down from $6.2mn Easton, PA, April 15, 2025 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”), today announced financial results for the fiscal year ended December 31, 2024. Paul Vassilakos, CEO of Eightco and President of Forever 8 Fund, LLC (“Forever 8”), the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to _____ Commission file number: 001-41033 EIGHTCO HOLDINGS INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 87-2755739 (State or Other Jurisdiction ...

Core Insights - Eightco Holdings Inc. has completed the sale of its subsidiary, Ferguson Containers, Inc., to Reichard Corrugated Products, LLC, which is managed by the existing leadership of Ferguson Containers [1][2] - The divestiture is part of Eightco's strategy to concentrate on its core business, Forever 8, and aims to enhance long-term growth by addressing the demand for inventory and cash flow management solutions [2][3] - Eightco is committed to the growth of Forever 8 Fund, LLC, which serves as an inventory capital and management platform for e-commerce sellers, and is actively pursuing strategic acquisitions to expand its technology solutions within the e-commerce ecosystem [3]

Core Viewpoint - Eightco Holdings Inc. announced a $7.2 million debt extension and $3.1 million in new financing to support the growth plans of its subsidiary, Forever 8, through 2025 [9][10]. Group 1: Financial Transactions - The company completed a series of transactions to create new Series A and Series C promissory notes, retiring the old debt and resulting in an aggregate of $10.3 million principal amount of new debt [9]. - The December 2024 Seller Notes Amendment involved converting approximately $1.6 million of accrued interest into about 485,381 shares of common stock at $3.23 per share, and deferring interest payments until October 30, 2025 [1]. Group 2: Business Model and Growth Strategy - Forever 8 specializes in inventory and cash flow management solutions for e-commerce businesses, leveraging debt financing to enhance purchasing power and drive revenue growth [4]. - The company aims to secure a larger long-term facility to further fuel growth in 2025 [5]. - Eightco is focused on growth through its existing subsidiaries and is actively seeking new opportunities for strategic acquisitions in the e-commerce technology sector [6]. Group 3: Market Demand - The CEO, Paul Vassilakos, indicated that there is significant demand in the refurbished Apple products market and among Amazon sellers, suggesting that all capital raised will be immediately utilized [10].

Core Insights - Eightco Holdings Inc. reported a net loss of $3.2 million for Q3 2024, an improvement from a net loss of $3.5 million in the same quarter last year, attributed to better gross margins [1][4] - Revenues for Q3 2024 were $7.7 million, significantly down from $23.3 million in the prior year quarter, primarily due to reduced capital for cell phone sales following the repayment of a convertible note [1][4] - The company successfully met NASDAQ compliance requirements, which is expected to strengthen its operational foundation for long-term growth [2][3] Financial Performance - For the nine months ended September 30, 2024, Eightco raised equity capital by selling 627,390 shares for net proceeds of approximately $2.2 million at an average price of $3.52 per share [3] - The repayment of the $5.4 million convertible note led to a decrease in the company's capital base and a corresponding decline in revenues compared to the previous year [3][4] - The gross profit for Q3 2024 was $2.0 million, down from $2.7 million in the prior year quarter, with a gross profit margin of 26.7%, up from 11.8% in the previous year, indicating improved efficiency despite lower sales [4][5] Operational Highlights - Selling, general, and administrative expenses increased by 14.65% to $3.7 million in Q3 2024, driven by higher professional expenses [4][6] - The company reported an EBITDA loss of $1.0 million for Q3 2024, compared to a break-even EBITDA in the prior year quarter, reflecting increased professional expenses and decreased gross profit [4][8] - Eightco's focus on its Forever 8 subsidiary aims to provide inventory capital for e-commerce sellers, positioning the company for projected revenues of $100 million in 2025 [2][11]

Financial Performance - For the three months ended September 30, 2024, revenues decreased by $15,662,193 or 67.12% compared to the same period in 2023, primarily due to reduced sales from the inventory management solutions business[205]. - For the nine months ended September 30, 2024, revenues decreased by $35,462,228 or 59.33% compared to the same period in 2023, largely attributed to decreased sales from the inventory management solutions business[212]. - Gross profit for the three months ended September 30, 2024, decreased by $700,433 or 25.50% compared to the same period in 2023, due to lower margin sales in the inventory management solutions business[208]. - Net loss for the three months ended September 30, 2024, was $3,453,150, a decrease of $276,060 or 7.99% compared to the same period in 2023[204]. - Net income for the nine months ended September 30, 2024, was $3,212,482, a significant improvement compared to a net loss of $62,157,538 for the same period in 2023[224]. - Selling, general and administrative expenses for the three months ended September 30, 2024, increased by $475,630 or 14.65% compared to the same period in 2023, primarily due to higher professional fees for investor relations[209]. - Interest expense for the three months ended September 30, 2024, decreased to $2,795,169 from $4,047,639 in the same period in 2023, largely due to the repayment of convertible notes[210]. - Gain on extinguishment of liabilities was $7,427,193 for the nine months ended September 30, 2024, compared to $0 for the same period in 2023, attributed to the reduction in liability under the Vinco Amendment[219]. Cash Flow and Financing - The company had stockholders' equity of $12.6 million and approximately $2.4 million in cash and cash equivalents as of September 30, 2024, down from $5.2 million at December 31, 2023[225]. - The company expects its current cash and cash equivalents are insufficient to support projected operating requirements for at least the next 12 months, raising substantial doubt about its ability to continue as a going concern[225]. - The Company expects to need additional capital to maintain revenues at current levels, with potential equity financing being significantly dilutive to current stockholders[227]. - Net cash used in operating activities was $(1,085,865) for the nine months ended September 30, 2024, compared to $(6,698,006) for the same period in 2023[229]. - Net cash used in investing activities decreased to $(47,685) for the nine months ended September 30, 2024, from $(182,871) in 2023, due to reduced purchases of property and equipment[230]. - Net cash used in financing activities was $(1,707,834) for the nine months ended September 30, 2024, compared to $4,959,110 in 2023, primarily due to repayments of convertible notes payable[231]. - The Company has no off-balance sheet arrangements as of September 30, 2024[232]. Business Operations - The Company has three main businesses: Forever 8 Inventory Cash Flow Solution, Web3 Business, and Packaging Business[139]. - The Company no longer intends to generate revenue from its Web3 Business[139]. - The Company separated from Vinco Ventures Inc. on June 29, 2022, and is now an independent publicly traded company[140]. Management Changes - Kevin O'Donnell resigned as Executive Chairman and Interim CEO, and Paul Vassilakos was appointed as the new Executive Chairman and CEO[142][146]. - The Vassilakos Employment Agreement provides for a base salary of $300,000 per year and an annual cash bonus opportunity of up to 75% of the base salary[148]. - The McFadden Severance Agreement includes a severance payment of $422,500, payable in four quarterly installments[157]. - The Company will reimburse Mr. McFadden for health insurance premiums through December 31, 2024[159]. - The Company will provide Mr. Vroman with severance of 24 months of his base salary as part of the Vroman Severance Agreement[165]. Financing Agreements - The Company entered into a Series D Loan and Security Agreement for an amount of up to $5,000,000[154]. - As of the date of this filing, $3,425,000 has been committed by lenders under the Series A financing agreement[175]. - The Company has committed $2,900,000 under the Series C financing agreement as of the date of this filing[184]. - The Company has committed $250,000 under the Series D financing agreement as of the date of this filing[186]. - The Company entered into a Securities Purchase Agreement on February 26, 2024, selling 865,856 shares at $0.82 per share, raising approximately $0.71 million[170]. - The Company entered into an At-The-Market Issuance Sales Agreement with Univest Securities, allowing for the sale of up to $2,000,000 in common stock[167]. - A total of 692,890 shares have been sold under the At-The-Market Issuance Sales Agreement as of the date of this filing[169]. - The Company will pay a 3% commission on the aggregate gross sales prices of shares sold under the At-The-Market Issuance Sales Agreement[168]. Compliance and Regulatory Matters - The Company received a Nasdaq deficiency notice on September 29, 2023, for not meeting the minimum bid price requirement of $1.00 per share[188]. - The Company was granted an appeal for continued listing on Nasdaq on June 27, 2024, subject to certain conditions[191]. - There are no debt covenants that require certain financial information to be met[235]. - The Company faces uncertainties from general economic conditions, including inflation, rising interest rates, and geopolitical conflicts affecting the global economy[233]. - The Company’s financial statements are prepared in accordance with U.S. GAAP, requiring estimates and assumptions that may differ from actual results[236].

Core Viewpoint - Eightco Holdings Inc. is focused on providing inventory funding and management solutions for e-commerce businesses, particularly in consumer goods and refurbished Apple products, through its subsidiary Forever 8 Fund LLC [1][2] Group 1: Company Overview - Eightco Holdings Inc. operates on NASDAQ under the ticker OCTO and aims to support e-commerce sellers by purchasing inventory on their behalf, allowing sellers to allocate capital towards brand growth [1] - The company has regained NASDAQ compliance, with stockholders' equity reaching $13.4 million, significantly above the $2.5 million requirement, and its common stock's bid price closing above $1.00 for 20 consecutive trading days [3][4] Group 2: Financial Performance - Eightco has improved its balance sheet by eliminating dilutive warrants and reducing outstanding debt, increasing shareholder equity by approximately $23 million [4] - The company has doubled its gross margins to 22% and reduced SG&A expenses by 23%, from $9.0 million to $6.9 million in the six months ended June 30, 2024 [4] Group 3: Business Model and Strategy - Forever 8's strategy involves purchasing existing inventory from sellers and committing to future inventory purchases, particularly in the refurbished Apple products market [6][7] - The company provides immediate growth capital and inventory management to smaller, high-growth brands on platforms like Amazon and Shopify, allowing sellers to focus on marketing and growth [7][8] Group 4: Market Opportunities - Forever 8 aims to reach a revenue target of $100 million in 2025, driven by demand for refurbished Apple products and a unique inventory capital solution for e-commerce brands [8][16] - The company utilizes a proprietary data-driven tool to assess inventory risk, leveraging historical sales data and demand trends to optimize inventory levels [12][13] Group 5: Future Outlook - The CEO believes that the company is well-positioned to capitalize on market opportunities, with expectations of a strengthening global economy and lowering interest rates [9][10] - Eightco's competitive advantage lies in its unique business model and operational efficiencies, which are expected to drive revenue growth and profitability [17][18]