FRZT
Freeze Tag, Inc.0.0190
+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
1.43MP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Freeze Tag's Q3 revenue fell 18% y/y to $435K while narrowing operating loss to $28K from $27K (derived), thanks to 18% steeper SG&A cuts outpacing topline. YTD revenue dropped 16% to $1.3M, slashing net loss to $163K from $354K, with other income offsetting higher interest. Cash drained to $108K amid $81K operating use; $617K debt looms with $380K related-party notes due Dec 2025 at 3.75%-0% rates. No capex. Disclosure controls falter.
10-Q
Q2 FY2025 results
Freeze Tag's Q2 revenue fell 12.4% y/y to $449,189 while narrowing operating loss to $18,670 from $87,421, thanks to SG&A cuts of 25.0% y/y to $367,044. QTD gross margin held steady as cost of sales dropped 9.1% y/y. YTD revenue declined 14.0% to $844,237 with operating loss shrinking 57.9% to $124,042; net loss improved to $138,877, driven by lower expenses while interest expense ticked up slightly. Cash dwindled to $40,654 after $65,709 operating burn, with $533K debt including $380K related-party notes due Dec 2025 and $150K SBA loan at 3.75%. Losses persist. Exploring business sale.
8-K
Execs resign, board shifts
Freeze Tag ousted CEO Craig Holland and CFO Mick Donahoo from the board and officer roles on July 22, 2025, after a stockholder consent push that was later withdrawn. The board appointed Louise Vardeman as new director and swapped counsel, firing Law Offices of Craig V. Butler for Scale LLP on July 25. Board now fixed at three. Leadership reset complete.
8-K
Shareholders oust two directors
Freeze Tag shareholders holding 65.92% of voting power voted via written consent to remove directors Craig Holland and Mick Donahoo, leaving Robert Don Vardeman and Robert Don Vardeman, Jr. as the sole board members. Removals take effect no sooner than 20 days after mailing the Schedule 14C. Majority stockholders warn against material transactions in the interim. Board purge complete.
10-Q
Q1 FY2025 results
Freeze Tag posted Q1 revenue of $395K, down 16% y/y from $469K, yet slashed operating loss to $105K from $207K through 30% cuts in SG&A to $400K, mainly lower salaries and contractors. Cost of sales dipped to $100K; net loss narrowed to $116K, with the $11K gap to operating loss from interest expense, net. Cash burned $72K on operations, ending at $95K after $50K debt paydown, facing $960K working capital deficit amid $594K total notes payable (including $380K related-party due Dec 2025, $150K SBA at 3.75% to 2050). No capex; free cash flow not disclosed in the 10-Q. Losses persist. Exploring business sale.
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