IWAL
iWallet Corporation0.0224
+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
2.38MP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
10-Q
10-Q
Q2 FY2025 results
iWallet Corp posted no revenue for Q2 FY2025 ended June 30, 2025, mirroring last year while ramping up R&D spend to $9,700 on biometric wallet development. Operating loss widened to $20,153 from $7,219 y/y, driven by higher consulting and supplies, but net loss ballooned to $176,525 versus $17,646 y/y due to a $144,447 loss on debt extinguishment via stock issuance. Cash dwindled to $226 from $2,437 at year-end, with net cash used in operations at $39,782 for the half-year; free cash flow not disclosed in the 10-Q. Total debt stands at $293,571 including $260,000 in defaulted convertible debentures at 8%, plus $33,571 in 10% bridge notes, offset by no revolver. Stockholders' deficit deepened to $613,578. Ongoing funding needs pose liquidity risks.
8-K
iWallet prototypes deal signed
iWallet Corporation inked a product development pact with Trafton Manufacturing Group on June 11, 2025, to craft prototypes for iClutch and iPassport devices, plus design the slimmer iWallet Slim 2025. The deal clears $37,104 in old invoices and commits 1,000,000 common shares upon prototype delivery, while estimated $129,900 in new costs can swap for double the stock value. This equity-heavy setup fuels prototype-driven fundraising. Yet dilution looms large for shareholders.
10-Q
Q1 FY2025 results
iWallet Corp posted zero revenue for Q1 FY2025 ended March 31, 2025, matching last year, while trimming operating expenses to $7,316 from $9,497—a 23% y/y drop (derived)—yielding an operating loss of $7,316 versus $9,497. Net loss narrowed to $19,029 from $47,466, with the gap to operating loss pinned on $11,713 interest expense, up from $9,969 due to lingering debentures. Cash inched up to $3,305 from $2,437 q/q, fueled by $20,000 in new notes payable, though operating cash burn hit $19,132. Debt stands at $301,000 including $292,875 accrued interest, all short-term and in default. No free cash flow disclosed in the 10-Q. Liquidity strains persist. Competition in biometric security erodes any edge.
8-K
iWallet launches official website
iWallet Corporation launched its official website at www.iwal.tech on April 8, 2025, to share product details on the iWallet 2.0 and iPassport—featuring aerospace-grade titanium, biometric authentication, Bluetooth tracking, and RFID protection—with shareholders and the public. This move establishes a key communication hub for business model insights, strategic plans, and commercialization updates. The site advances brand visibility. Forward-looking statements highlight risks like market conditions and funding needs.
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