Powerdyne International, Inc. reported its financial results for the three and nine months ended September 30, 2024, revealing significant changes in revenue, profitability, and financial position compared to the previous fiscal period.

For the three months ended September 30, 2024, Powerdyne generated revenues of $273,749, a decrease from $366,303 in the same period of 2023. For the nine months ended September 30, 2024, total revenues were $867,016, down from $1,100,901 in 2023. The decline in revenue was attributed primarily to reduced sales from its subsidiary Creative Motion Technology, LLC (CM Tech), which reported revenues of $588,464 for the nine months, down from $845,510 in the prior year. In contrast, Frame One, another subsidiary, saw an increase in revenues to $278,552 from $255,391.

Despite the revenue decline, Powerdyne's gross profit for the three months ended September 30, 2024, improved to $127,848, compared to $74,747 in 2023, driven by a reduction in the cost of revenues from $291,556 to $145,901. However, for the nine-month period, gross profit decreased to $225,624 from $262,806. The company reported a net loss of $12,821 for the three months ended September 30, 2024, compared to a loss of $7,544 in 2023, and a net loss of $106,217 for the nine months, worsening from a loss of $74,048 in the previous year.

Powerdyne's total current assets increased to $285,754 as of September 30, 2024, from $232,013 at the end of 2023, although cash reserves decreased significantly from $84,004 to $42,522. Total current liabilities surged to $466,029, up from $306,069, leading to a worsening stockholders’ deficit of $(180,274) compared to $(74,056) at the end of 2023.

The company has been actively managing its financing, with net cash provided by financing activities rising to $70,754 for the nine months ended September 30, 2024, compared to $15,000 in 2023. Powerdyne's ability to continue as a going concern is contingent upon generating sufficient cash flows from operations and obtaining additional financing.

Powerdyne has also made strategic decisions, including the acquisition of Creative Motion Technology, LLC in March 2022, which specializes in industrial servomotors for the semiconductor manufacturing industry. The company continues to focus on its core operations while navigating financial challenges and market conditions.