ASFT
AppSoft Technologies, Inc.0.2670
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.20MP/E (TTM)
-Basic EPS (TTM)
-0.02Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
AppSoft Technologies posted zero revenue for Q3 ended September 30, 2025, mirroring last year yet widening its operating loss to $18,830 from $10,457 y/y amid spikes in outside services to $6,903 and professional fees. Nine-month net loss hit $74,820, up from $39,772 y/y, fully matching operating loss with no other items. Cash dwindled to $8 from $101 year-end, offset by $67,800 related-party borrowings under a $400,000 drawdown note (2% rate, $92,077 available, maturity extended to Dec 31, 2027). Total related-party debt stands at $510,343 plus $43,120 accrued interest. Losses mount. Going concern in doubt without new funding. Competition crushes small app developers.
10-Q
Q2 FY2025 results
AppSoft Technologies posted a $30,396 net loss for Q2 2025 ended June 30, up 121% y/y from $13,739, while YTD losses widened to $55,990 from $28,725, driven by higher outside services ($14,810 vs $260) and professional fees ($7,170 vs $9,050). No revenue materialized, leaving operating margins at -100%, with EPS steady at -$0.01 on 4,495,198 diluted shares, reconciling cleanly to the net loss. Cash climbed to $1,814 from $101, fueled by $53,300 in related-party borrowings under a 2% note now totaling $495,843, while operations burned $51,587—free cash flow not disclosed in the 10-Q. Post-quarter, an extra $10,300 draw extended liquidity, but the $1.1M accumulated deficit signals going-concern doubts. It's a lean setup. Yet competition from well-resourced app rivals could stall any revenue ramp-up.
10-Q
Q1 FY2025 results
AppSoft Technologies posted no revenue for Q1 FY2025 ended March 31, 2025, with operating expenses climbing 70.7% y/y to $25,594, driven by higher professional fees and outside services, yielding an operating loss of $25,594—up from $14,986 last year. Net loss matched the operating figure at $25,594, or $(0.01) per diluted share on 4,495,198 shares, consistent with no other items. Cash dwindled to $76 from $101 q/q, with operations burning $23,625 offset by $23,600 in related-party borrowings under a 2% note now at $466,143 total, leaving $136,277 available from a $400,000 facility maturing December 31, 2027. No free cash flow disclosed in the 10-Q. The company relies on funding talks to sustain operations. Thin cash reserves pose a clear risk.
10-K
FY2024 results
AppSoft Technologies posted a $60,846 net loss for FY2024 ended December 31, 2024, up slightly from $50,442 in 2023, driven by $60,847 in operating expenses like professional fees and web development, with no revenue as operations remain paused for lack of funds. Q4 saw the heaviest hit at $21,079 loss, versus lighter quarterly drags earlier, fueled by interest on related-party debt that climbed to $442,543 total. Cash scraped to $101 via $50,000 draws on the BGS note, but a $36,193 current liability gap signals tight liquidity. No dividends or buybacks; capex nil. No guidance disclosed. Yet going concern doubts loom large.
10-Q
Q3 FY2024 results
AppSoft Technologies notched its first revenue of $585 in Q3 2024 ended September 30, up from zero a year earlier, yet posted an operating loss of $10,457, wider than the $4,275 loss in Q3 2023 due to higher professional fees and interest. YTD through nine months, revenue held at $585 while the operating loss narrowed to $39,187 from $53,880, driven by lower outside services and professional costs offsetting rises in SG&A and interest. Cash dwindled to $5 from $8 year-end, with $33,003 used in operations fully funded by $33,000 in note borrowings, leaving total debt at $425,543 (2% rate, portions due on demand or December 31, 2024) and $176,877 available under the BGS drawdown. No free cash flow disclosed in the 10-Q. The company eyes esports growth but faces stiff competition from deeper-pocketed app developers.
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