KindlyMD, Inc. announced its financial results for the second quarter ended June 30, 2025, on August 5, 2025. Net revenues for the quarter decreased by 36.1% to $408,527 from $639,057 in the prior year period.
The decline in revenue was primarily attributed to a decrease in cash-pay patient care service pricing and the closure of its Bountiful location. The company reported a net loss of $2.41 million for Q2 2025, compared to $1.32 million in Q2 2024.
During the quarter, KindlyMD made an initial purchase of 21 Bitcoin, valued at $2.25 million as of June 30, 2025, using proceeds from warrant exercises. Cash and cash equivalents stood at $6.02 million as of June 30, 2025, an increase from $2.27 million at year-end 2024.
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