Apple iSports Group, Inc. SEC 10-Q Report

Apple iSports Group, Inc. (AiS), a company at the intersection of technology, gaming, media, and entertainment, has released its Form 10-Q report for the second quarter of 2025. The report provides a comprehensive overview of the company's financial performance and operational milestones, highlighting significant developments in its digital sports betting and gaming platform.

Financial Highlights

• Net Revenues: $0 million. The company reported no revenues for the six months ended June 30, 2025, and 2024.
• Operating Expenses: $3.83 million. Operating expenses increased by 113% compared to the same period in 2024, primarily due to an increase in consulting and professional fees.
• Loss from Operations: $(3.83) million. The company reported a loss from operations for the six months ended June 30, 2025.
• Net Loss: $(3.74) million. The net loss increased significantly compared to the same period in 2024, primarily due to higher operating expenses.
• Net Loss Per Share - Basic and Diluted: $(0.02). The net loss per share increased compared to $(0.01) for the same period in 2024.

Business Highlights

• Platform Development: AiS is developing a digital sports betting and gaming platform that will offer sports content, racing, sports betting, and streaming solutions. The platform aims to enhance sports fandom by providing engaging experiences accessible via web and mobile devices.
• Strategic Positioning: Apple iSports is positioned at the intersection of technology, gaming, media, and entertainment, focusing on the convergence of sports, wagering, and entertainment. The company is investing in infrastructure to support next-generation media consumption, including iGaming opportunities.
• Licensing Efforts: AiS is pursuing an Online Bookmaking License in Australia through the Northern Territory Racing Commission, which will enable racing and sports betting across the country. Additionally, the company is licensed in North Dakota as an ADW provider, pending completion of the TRPB examination, to offer pari-mutuel betting.
• Operational Milestones: Since its inception, AiS has established a core management team and secured approximately $3,023,397 in private placement funding. The company has also developed a Go-to-Market strategy and initiated relationships with key suppliers and consultants.
• Brand Awareness: In May 2023, AiS began brand awareness activities by advertising on SEN Radio, Australia's largest sports radio network. The contract was suspended in March 2025 until the company approaches its Go Live date.
• Strategic Agreements: In April 2025, AiS entered into a strategic and financial agreement with Pacifico Financial Group to accelerate capital raising activities. In July 2025, the company entered into a binding agreement to acquire Lucky Bet, a gaming platform provider with a significant customer base.
• Future Outlook: AiS plans to seek market access licenses for sports betting in various U.S. states over a three-year timeline. The company is focused on expanding its platform and infrastructure to support its strategic goals in the sports betting and gaming industry.

SEC Filing: Apple iSports Group, Inc. [ AAPI ] - 10-Q - Aug. 13, 2025