Financial insights of VLCN

MyFinsight

For the quarter ending 2025-06-30, VLCN made $702,936 in revenue. -$3,899,897 in net income. Net profit margin of -554.80%.

Unit: Dollar

Income Statement	2025-06-30	2024-09-30	2024-06-30
Revenue	702,936	1,075,864	940,863
Cost of goods sold	851,476	10,294,720	3,113,429
Gross margin	-148,540	-9,218,856	-2,172,566
Sales and marketing	622,772	470,692	543,671
General and administrative expenses	2,879,335	1,916,712	2,007,514
Product development	221,159	528,352	805,550
Total operating expenses	3,723,266	2,915,756	3,356,735
Loss from operations	-3,871,806	-12,134,612	-5,529,301
Other income	5,094	-	-
Interest income	104,521	-	-
Interest expense	74,464	83,334	196,997
Gain (loss) on exercise of and change in fair value of financial liabilities	-	53,724	-
Gain (loss) on change in fair value of financial liabilities	-	-	5,111,291
Loss on repayment of may 2024 notes	-	1,470,554	-
Loss on extinguishment of convertible notes	0	-	-
Other income (expense)	-	-3,702	8,589
Gain (loss) on change in fair value of financial liabilities	-63,242	-	-
Total other income (expense)	-28,091	-1,503,866	4,922,883
Loss before provision for income taxes	-3,899,897	-13,638,478	-606,418
Provision for income taxes	0	-	-
Net loss	-3,899,897	-13,638,478	-606,418

Net loss per common share basic	-7.57	-23.93	-1.51
Net loss per common share diluted	-7.57	-23.93	-1.51
Weighted average common shares outstanding basic	515,490	569,873	401,802
Weighted average common shares outstanding diluted	515,490	569,873	401,802