Infinite Group Revenue Tumbles 49% to $834,671 in Q3 2025
Infinite Group, a technology services firm, posted revenue of $834,671 for the three months ended September 30, 2025, down 49% from $1.64 million in the prior-year quarter. The company's net loss widened to $669,533.
Infinite Group, Inc., a technology services firm, reported revenue of $834,671 for the three months ended September 30, 2025, a 49% decline from $1.64 million in the same period last year. The company's net loss deepened to $669,533 compared with a loss of $387,298 a year earlier. Read more earnings reports.
For the nine months ended September 30, total revenue fell 21% to $3.84 million from $4.84 million in the prior-year period. The nine-month net loss widened to $1.32 million from $1.23 million, reflecting continued operating pressures.
Operating Performance Deteriorates
Operating losses expanded sharply in the third quarter. The company posted an operating loss of $500,295, compared with a loss of $262,232 in Q3 2024. Gross profit for the quarter dropped 57% to $300,501 from $691,044, as cost of revenue reached $534,170 against quarterly revenue of $834,671.
For the nine-month period, operating losses reached $832,947, up from $644,136 in the same span of 2024. Operating expenses for the nine months totaled $2.49 million, down slightly from $2.64 million a year earlier, but insufficient to offset the revenue decline.
Balance Sheet Under Strain
Total assets fell to $1.15 million as of September 30, 2025, down from $1.47 million at year-end 2024. Cash and restricted cash stood at $38,776, a steep drop from $168,937 at the end of December 2024. Current assets declined to $525,920 from $823,733 over the same period.
The company's balance sheet shows negative stockholders' equity of $11.51 million as of September 30, compared with negative equity of $10.19 million at year-end 2024. Total liabilities rose to $12.66 million from $11.67 million. Current liabilities climbed to $11.04 million from $9.61 million, while accounts payable increased to $2.30 million from $1.82 million.
Cash Flow Pressures Persist
Cash used in operations for the nine months totaled $273,570, an improvement from $702,685 used in the prior-year period. Cash used in investing activities was $172,181 compared with $149,708 a year earlier. Financing activities generated $315,590 in cash, down from $849,401 in the nine months ended September 30, 2024.
The company recorded diluted loss per share of $1.28 for the third quarter, compared with a loss of $0.74 per share in Q3 2024. For the nine months, diluted loss per share was $2.53 versus $2.36 in the prior-year period. Weighted average shares outstanding remained flat at 521,175 shares.
Key Financial Metrics
| Metric | Q3 2025 | Q3 2024 | 9M 2025 | 9M 2024 |
|---|---|---|---|---|
| Total Revenue | $834,671 | $1,635,958 | $3,835,938 | $4,842,422 |
| Gross Profit | $300,501 | $691,044 | $1,660,196 | $1,999,574 |
| Operating Loss | ($500,295) | ($262,232) | ($832,947) | ($644,136) |
| Net Loss | ($669,533) | ($387,298) | ($1,317,904) | ($1,228,078) |
| Loss per Share | ($1.28) | ($0.74) | ($2.53) | ($2.36) |
Accounts receivable dropped to $174,529 as of September 30 from $392,746 at year-end 2024. The company held 521,175 common shares outstanding as of the quarter's end, unchanged from December 31, 2024.