CleanCore Solutions, Inc. (ZONE) Reports Second Quarter FY 2025 Financial Results and Provides Business Update
15 February 2025 - 12:30AM
CleanCore Solutions, Inc. (NYSE American: ZONE)
(“
CleanCore” or the “
Company”),
developer of patented technology that works as a safe and low-cost
replacement for traditional cleaning chemicals, today reported its
second quarter 2025 financial results and provided a business
update.
Business Highlights:
- Rapid adoption of CleanCore’s
technology with building service contractors for its cost savings
and sustainability benefits.
- Commenced a worldwide rollout with
one of the world’s leading enterprise software companies.
- Expanded international partnerships
with Fortune 500 clients, securing market presence in a high-growth
regions.
- Product reengineering initiatives
underway to lower cost of goods sold, ensuring long-term financial
efficiency.
“We are experiencing strong market adoption, as
evidenced by recent contracts in the education and aviation
sectors, where organizations are seeking cost-effective,
time-saving alternatives to traditional chemical cleaning
products,” said Clayton Adams, CEO of CleanCore Solutions. “Over
the past few months, we have transitioned to a direct sales
recurring revenue model, expanded our customer pilot programs, and
increased market traction. While this shift resulted in higher
sales costs as pilots increased—leading to a temporary revenue dip
and expense increase this quarter—revenue for the six months ended
December 31, 2024, grew by 6.5%. This reflects the short-term
impact of our new approach, that will give us sustainable and
predictable revenue growth in the coming quarters.”
“Additionally, we are gaining traction with
major organizations, including an international hotel chain
piloting our solutions, integration within leading US-based fitness
centers, Montessori schools across Minnesota integrating our
technology, and a major New York airport deploying our solutions.
These partnerships highlight our ability to serve diverse
industries with effective, sustainable cleaning solutions. As a
growing number of organizations seek safer and more efficient
alternatives, we expect this momentum to continue.”
“In fact, we anticipate a significant increase
in market demand following the EPA’s recent ban on two carcinogenic
chemicals commonly used in consumer and industrial products.
Companies that rely on these substances must now transition to
safer, chemical-free alternatives to maintain compliance. Because
our products meet these standards and align with EPA regulations,
we are well-positioned to help businesses navigate this transition
seamlessly. As the regulatory landscape evolves and demand for
sustainable solutions grows, we are confident in our ability to
capture new opportunities, expand our market presence, and drive
long-term value for our shareholders.”
Financial ResultsRevenue for the three months
ended December 31, 2024 was approximately $257,000 compared to
approximately $258,000 for the three months ended December 31,
2023. General and administrative expenses increased to
approximately $911,000 for the three months ended December 31,
2024, compared to approximately $320,000 for the three months ended
December 31, 2023. This increase was primarily related to an
increase in professional fees, salaries for new employees, director
and officer insurance, and stock-related compensation. Net loss for
the three months ended December 31, 2024 was approximately $1.0
million compared to approximately $345,000 for the three months
ended December 31, 2023.
The Company's quarterly report on Form 10-Q for the quarterly
period ended December 31, 2024 is scheduled to be filed with the
U.S. Securities and Exchange Commission today. The Form 10-Q will
also be available on the Company's website.
About CleanCore SolutionsCleanCore Solutions,
Inc. (NYSE American: ZONE) is dedicated to revolutionizing cleaning
and disinfection practices by harnessing the power of its patented
aqueous ozone technology. The Company’s mission is to empower its
customers with cost-effective, sustainable solutions that surpass
traditional cleaning methods. Through innovation and commitment to
excellence, CleanCore strives to create a healthier, greener future
for generations to come. For more information, please visit
https://www.cleancoresol.com/.
Forward Looking StatementsThis press release
contains information about our views of future expectations, plans,
and prospects with respect to CleanCore’s business, financial
condition, and results of operations that constitute or may
constitute forward-looking statements. Any and all forward-looking
statements are based on the management’s beliefs, assumptions, and
expectations of CleanCore’s future economic performance, taking
into account the information currently available to it. These
statements are not statements of historical fact. Although
CleanCore believes the expectations reflected in such
forward-looking statements are based on reasonable assumptions, it
can give no assurance that its expectations will be attained.
CleanCore does not undertake any duty to update any statements
contained herein (including any forward-looking statements), except
as required by law. Forward-looking statements are subject to a
number of factors, risks, and uncertainties, some of which are not
currently known to us, that may cause CleanCore’s actual results,
performance or financial condition to be materially different from
the expectations of future results, performance or financial
position. Actual results may differ materially from the
expectations discussed in forward-looking statements. Factors that
could cause actual results to differ materially from expectations
include general industry considerations, regulatory changes,
changes in local or national economic conditions and other risks
set forth in “Risk Factors” included in our filings with the
SEC.
Investor Relations:Crescendo Communications,
LLCEmail: zone@crescendo-ir.comTel: (212) 671-1020
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