KCRD
Kindcard, Inc.0.0222
-0.0088-28.4%
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
2.29MP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
10-Q
Q1 FY2026 results
Kindcard held revenue steady at $85,591 for Q1 FY2026 ended April 30, 2025, matching last year's $85,053, while gross profit climbed to $65,819 from $62,918 on lower costs. Operating expenses dropped to $120,883 from $152,450, trimming net loss to $55,064 versus $89,532. Tendercard program revenue surged to $84,841 from $69,667, offsetting a dip in cash pickup commissions. Cash edged up to $10,012, but net cash used in operations hit $36,809 amid a $966,789 working capital deficit; debt totals $422,754 including a $150,000 SBA loan at 3.75% maturing 2051 and related-party notes to the CEO. Free cash flow not disclosed in the 10-Q. Losses remain modest. Regulatory hurdles in fintech licensing loom large.
10-K
FY2025 results
Kindcard's FY2025 revenue dipped 15.6% y/y to $410,869, driven by lower gift card program and commission income, yet Q4 momentum built as the Pay with Deb app launched live on app stores, positioning for beta testing and merchant integrations. Operating loss narrowed to $252,221 from $261,372, thanks to slashed consulting costs amid platform upgrades. Cash drained to $9,089, propped by $137,051 in related-party loans, while a $929,357 working capital deficit signals tight liquidity. No dividends or buybacks; capex stayed flat at $15,225 for IP development. Management eyes Q2 2025 platform enhancements for holiday push. Substantial doubt lingers on going concern amid funding needs.
10-Q
Q3 FY2025 results
Kindcard posted Q3 FY2025 revenue of $139K, up 17% y/y from $125K, while nine-month total dipped 20% y/y to $306K amid lower cash-pickup commissions and a shift to cash-basis recognition for fixed annual fees. Gross profit climbed to $114K in the quarter, yielding a 82% margin versus 76% last year, but operating expenses edged out at $122K, trimming the operating loss to $8K from $49K. Year-to-date, the net loss widened to $181K from $101K, driven by higher G&A costs. Cash holds steady at $14K, with operating cash burn of $92K offset by $112K in related-party financing; total debt stands at $356K including a $150K SBA loan at 3.75%. The DEB Platform nears production in Q4 FY2025. Competition in fintech payments looms large.
10-Q
Q2 FY2025 results
Kindcard's Q2 FY2025 revenue fell 35.1% y/y to $81,740, driven by lower Cash Pickup commissions and a shift to cash-basis recognition for fixed annual Tendercard fees, while gross profit dropped to $63,541 from $109,018. Operating loss widened to $84,055 from $33,008, fueled by steady G&A expenses around $127K, yet the company eked out positive operating cash flow adjustments amid ongoing platform testing. Cash climbed to $14,857, supported by $97.5K in related-party financing, but total debt held at $348K including a $150K SBA loan at 3.75% with extended accommodations. No non-GAAP metrics disclosed in the 10-Q. Tendercard remains the revenue anchor at 83%. Regulatory hurdles in high-risk merchant onboarding pose ongoing challenges.
10-Q
Q1 FY2025 results
Kindcard's Q1 FY2025 revenue fell 34.5% y/y to $85K, with gross profit dropping to $63K from $109K, while gross margin held at 74.0% versus 84.2% last year. Operating expenses climbed 20.0% y/y to $150K, mainly from higher general and administrative costs, yielding an operating loss of $87K—up from $16K—and a net loss of $90K after $2K in taxes. Cash pickup commissions slid 38.0% y/y to $15K, and Tendercard program revenue eased 29.5% to $70K, but operating cash flow improved slightly to -$29K from -$31K. Cash stands at $10K, offset by $1.0M in liabilities including $199K notes payable and a $150K SBA loan at 3.75%; related-party debt hit $321K. The Deb platform nears production in Q2 FY2025. Revenue dipped due to market softness.
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