MITESCO, INC.
0.1600+0.00 (+0%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCQB · MITI · USD
Key Stats
Market Cap
2.33MP/E (TTM)
-Basic EPS (TTM)
-0.24Dividend Yield
0%Recent Filings
8-K
Mitesco partners on pickleball platform
Mitesco entered a three-year partnership with Sportzfolio on September 4, 2025, to develop and host a digital platform listing pickleball-related properties for sale. Mitesco's Centcore division will build the initial MVP for $20,000, provide ongoing support, and earn 5% of gross revenues from site-generated sales. This taps pickleball's boom, yet success hinges on market adoption amid execution risks.
8-K
Mitesco launches AI app, crypto services
Mitesco kicked off its Robo Agent app development by appointing Aurora Colvin as CTO on August 25, 2025, with 30+ years in telecom tech, earning $120,000 base plus bonuses and 200,000 restricted shares. The firm approved up to 1 million restricted shares for the team, while awarding 20,000 Series X Preferred shares to Anglo Irish Management for restructuring $26 million in debt into equity, settling all litigation. Centcore launched Crypto Processing Services at its Florida data center on August 26, offering promo rates to tap rising blockchain demand. Preferred holders now control over 50% of votes.
10-Q
Q2 FY2025 results
Mitesco kicked off Q2 FY2025 with revenue surging to $18.7K, up sharply from $6K a year earlier, thanks to its new Centcore datacenter unit, while six-month totals hit $35.7K (y/y +495%, derived). Operating losses narrowed slightly to $351.8K from $339.9K, but net swung to a $87.4K loss after $358.6K interest expense from Series A preferred accretion; the six-month picture flips to $3.4M net income, fueled by a $4.4M derivative revaluation gain, though diluted EPS drops to $(0.07) due to anti-dilutive preferred conversions. Cash dipped to $2.7K amid $188K operating burn, offset by $187K financing inflows including $100K from new Series A shares, leaving $536.7K notes and $381.1K SBA debt in place. Debt restructuring cleared related-party notes via stock swaps, gaining $553K. Legacy clinic settlements loom large at $2.8M. Ongoing litigation risks could strain liquidity further.
8-K
Mitesco raises bridge funds
Mitesco secured $100,000 in bridge financing through senior secured 5% OID promissory notes issued to two institutional investors on May 19, 2025, and funded June 22, with a 12-month term and default conversion rights into common stock. The company also issued 33,347 restricted common shares for Q2 FY2025 Series X preferred dividends and 402,451 shares to redeem $118,320 of Series A preferred stock under its restructuring plan. Anglo Irish Management holds 26.37% voting control. These moves bolster liquidity but heighten dilution risks.
8-K
Robo-Agent AI beta advances
Mitesco advances its Robo-Agent AI project, a sales automation tool integrating with Follow-up Boss CRM, targeting the residential real estate market amid shrinking agent compensation and stagnant activity. Beta testing engages agents from eXp Realty, Sotheby's, Coldwell Banker, LPT Realty, and Berkshire Hathaway Home Services to refine features like prospecting, qualification, and business planning. The platform launches via the established CRM ecosystem. Forward-looking plans hinge on securing additional financing.
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