ALT5 Sigma Corp SEC 10-Q Report

ALT5 Sigma Corp, a leading fintech company specializing in cryptocurrency payment solutions, has released its Form 10-Q report for the thirteen weeks ended June 28, 2025. The report highlights significant financial growth and strategic business developments, including acquisitions and new product launches, positioning the company for future expansion in the fintech sector.

Financial Highlights

Revenues: ALT5 Sigma Corp reported revenues of $6.378 million for the thirteen weeks ended June 28, 2025, a substantial increase from $2.169 million in the same period of 2024. This growth was driven by expanded operations and strategic acquisitions.

Gross Profit: The company's gross profit for the period was $2.775 million, up from $1.098 million in the same period of the previous year, reflecting improved cost management and operational efficiency.

Operating Loss: The operating loss for the thirteen weeks ended June 28, 2025, was $(2.095) million, showing a slight improvement from $(2.434) million in the same period of 2024. This improvement was due to increased revenues offsetting higher operating expenses.

Net (Loss) Income: The company reported a net loss of $(9.115) million for the thirteen weeks ended June 28, 2025, compared to a net income of $0.589 million in the same period of 2024. The net loss was primarily due to increased other expenses.

Net (Loss) Income Per Share, Basic and Diluted: The net loss per share was $(0.49) for the thirteen weeks ended June 28, 2025, compared to a net income per share of $0.07 in the same period of 2024, reflecting the impact of the net loss on shareholders.

Business Highlights

Fintech Segment Performance: ALT5 Sigma Corp operates two main platforms, 'ALT5 Pay' and 'ALT5 Prime', which facilitate cryptocurrency payments and conversions. ALT5 Pay enables global merchants to accept and make cryptocurrency payments, with options to convert to fiat currency or receive payments in digital assets.

Acquisition of Mswipe: On May 9, 2025, the company acquired Mswipe, a provider of multi-currency, fiat, and crypto-enabled payment card services. This acquisition enhances the company's payment solutions by integrating with the ALT5 platform, offering users the ability to spend traditional and digital currencies worldwide.

Discontinued Biotechnology Operations: The company has discontinued its Biotechnology segment, which was focused on developing treatments for severe pain. The assets and liabilities of this segment have been reported as discontinued operations.

New Product Launches: The acquisition of Mswipe introduces new payment solutions, including physical and virtual cards available on Visa® and Mastercard® networks, enhancing the company's product offerings in the fintech space.

Future Outlook: ALT5 Sigma Corp plans to focus on expanding its fintech operations, leveraging the newly acquired Mswipe platform to bridge the gap between the crypto economy and traditional financial systems. The company aims to ensure regulatory alignment and interoperability with existing payment networks.

SEC Filing: ALT5 Sigma Corp [ ALTS ] - 10-Q - Aug. 12, 2025