RIWI reports a wider net loss and declining revenue for the quarter ending March 31, 2025, amid ongoing financial challenges.
RIWI Corp. reported a first-quarter net loss of $526,795, widening from $345,766 a year earlier, as revenue fell 47.8% year-over-year to $0.82M. The company’s operating loss also deepened to $453,844 from $321,260 in the same period last year.
The results reflect ongoing pressure on RIWI’s financial performance, with revenue declines accelerating compared to prior quarters. The company had previously reported a net loss of $345,766 for the quarter ending March 31, 2024.
Shares showed limited immediate reaction to the earnings release, trading near prior levels.