Damon Inc. Reports No Revenue, Posts $14 Million Goodwill Impairment for Fiscal 2025

Reuters

2025/09/30

<a href="https://laohu8.com/S/DMNID">Damon Inc.</a> Reports No Revenue, Posts $14 Million Goodwill Impairment for Fiscal 2025

For the year ended June 30, 2025, the scientific software products and services segment reported revenue of $222,736, compared to no revenue in the prior period. Cost of revenue for this segment was $107,394, resulting in a gross profit of $115,342. Operating expenses for the year ended June 30, 2025, included research and development costs of $3.05 million, general and administrative expenses of $8.43 million, sales and marketing expenses of $559,190, transaction costs of $4.95 million, and depreciation of $210,828. Impairment charges totaled $14.12 million for the period. There were no revenues or cost of revenue reported for the electric motorcycles segment for the year ended June 30, 2025. The company identified indicators of impairment for goodwill and intangible assets related to the scientific software products and services segment, leading to a quantitative impairment test and subsequent charges.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Damon Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-093259), on September 30, 2025, and is solely responsible for the information contained therein.

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Reports No Revenue, Posts $14 Million Goodwill Impairment for Fiscal 2025\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-09-30 18:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/DMNID\">Damon Inc.</a> Reports No Revenue, Posts $14 Million Goodwill Impairment for Fiscal 2025\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        For the year ended June 30, 2025, the scientific software products and services segment reported revenue of $222,736, compared to no revenue in the prior period. Cost of revenue for this segment was $107,394, resulting in a gross profit of $115,342. Operating expenses for the year ended June 30, 2025, included research and development costs of $3.05 million, general and administrative expenses of $8.43 million, sales and marketing expenses of $559,190, transaction costs of $4.95 million, and depreciation of $210,828. Impairment charges totaled $14.12 million for the period. There were no revenues or cost of revenue reported for the electric motorcycles segment for the year ended June 30, 2025. The company identified indicators of impairment for goodwill and intangible assets related to the scientific software products and services segment, leading to a quantitative impairment test and subsequent charges.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. <a href=\"https://laohu8.com/S/DMNIF\">Damon Inc.</a> published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-093259), on September 30, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4091","symbol_name":"摩托车制造商","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250930:nNDL4NgQgd:1","article_id":"2571345882","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2571345882","pubTimestamp":1759226592,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"For the year ended June 30, 2025, the scientific software products and services segment reported revenue of $222,736, compared to no revenue in the prior period. 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Operating expenses for the year ended June 30, 2025, included research and development costs of $3.05 million, general and administrative expenses of $8.43 million, sales and marketing expenses of $559,190, transaction costs of $4.95 million, and depreciation of $210,828. Impairment charges totaled $14.12 million for the period. There were no revenues or cost of revenue reported for the electric motorcycles segment for the year ended June 30, 2025. The company identified indicators of impairment for goodwill and intangible assets related to the scientific software products and services segment, leading to a quantitative impairment test and subsequent charges.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Damon Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-093259), on September 30, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"dataReport,express","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}