tradepost.ai Logo
Newsletter InsightsSEC AnalysisAI Top20 IndexPricing
Log in
Start free trial
tradepost.ai Logo

Empowering Traders with AI

Quick Links

Newsletter InsightsSEC AnalysisPricingFAQ

Legal

Privacy PolicyCookies PolicySecurity Disclosure PolicyTerms & ConditionsDisclaimer

Copyright © 2025 Dutchcode B.V. All rights reserved.

10-Q - Vystar Corp (0001308027) (Filer)

Wed, Oct 30, 12:37 PM (251 days ago)

**Vystar Corporation (VYST)** reported a challenging second quarter for 2024, with revenues of **$38,069** compared to **$36,126** in Q2 2023, marking a modest increase of **5.4%**. However, year-to-date revenues plummeted **83%** to **$75,676** from **$446,033** in the previous year, primarily due to internal restructuring and reduced sales allowances. Gross profit also declined significantly, from **$30,213** to **$15,137**, reflecting rising costs of revenue, which surged **287.8%**. Operating expenses decreased **16.9%** to **$265,146**, driven by reduced salaries and commissions. Despite this, the company reported a net loss of **$288,141**, a **44.7%** reduction from the prior year, largely due to decreased losses from discontinued operations. Cash flow from operations was negative at **$80,353**, indicating ongoing financial strain. As of June 30, 2024, Vystar's liquidity remains concerning, with cash of **$23,321** and a working capital deficit of approximately **$6.3 million**. The accumulated deficit reached **$61.3 million**, raising substantial doubt about the company’s ability to continue as a going concern without additional financing. Management plans to pursue increased revenue from air purification sales and Vytex licensing to stabilize operations moving forward.