Silver Scott Mines, Inc. Reports First Revenue and Profit in Years as Strategic Pivot Gains Traction

Rhea-AI Summary

Silver Scott Mines (OTC PINK:SILS) reported its first profitable quarter in years, generating $55,000 in revenue and $14,819 in net income for Q2 2025, compared to no revenue and a $17,616 loss in Q2 2024. The company's CEO continues to forgo salary to reinvest in growth initiatives.

The improved performance stems from strategic expansion into revenue-generating businesses, including the May 2025 acquisition of AffordableTelehealthplan.com and digital development services. The company's total assets reached $508,909, up from $456,357 year-over-year, with equity increasing to $376,257.

Key operational highlights include the beta launch of TrustNFT.io, development of RWADirect.io for asset tokenization, securing $135,000 in development contracts, and expanding into crypto ETF investing through YourCryptoETF.com.

Positive

• First revenue ($55,000) and profit ($14,819) in years for Q2 2025
• Secured up to $135,000 in development contracts through Silver Scott Digital
• CEO forgoes salary to reinvest in growth initiatives
• Total assets increased to $508,909 from $456,357 year-over-year
• Strategic expansion through acquisition of AffordableTelehealthplan.com

Negative

• Historical lack of revenue generation prior to Q2 2025
• Relatively small revenue base of $55,000 indicates early stage of commercialization
• Multiple beta-stage products suggest uncertain revenue sustainability

CEO Continues to Forego Salary; Company Posts $55,000 in Revenue and $14,819 Net Income for Q2 2025

FRANKLIN, NEW JERSEY / ACCESS Newswire / August 15, 2025 / Silver Scott Mines, Inc. (OTC PINK:SILS), a diversified technology company with operations spanning healthtech, blockchain, and fintech, today announced financial results for the quarter ended June 30, 2025 - marking its first period in years with both revenue and net income.

For the second quarter of 2025, the Company generated $55,000 in revenue and reported net income of $14,819, compared to no revenue and a net loss of $17,616 in the same quarter of 2024. These results reflect early returns from the Company's strategic expansion into revenue-producing businesses, including the May 2025 acquisition of AffordableTelehealthplan.com and the continued rollout of digital development services.

Importantly, Silver Scott Mines' CEO continues to take no salary, allowing the Company to reinvest more capital into product development, marketing, and growth initiatives.

"This quarter's results are a turning point," said Stuart Fine, CEO of Silver Scott Mines. "We are proving that our pivot into real-world asset tokenization, software development services, blockchain-based trust solutions, and accessible healthcare platforms can translate into tangible shareholder value. By forgoing my own compensation, we've ensured every available resource is dedicated to accelerating that momentum."

Q2 2025 Operational Highlights (May-June)

• Setup a 24/7 "Talk to a Nurse" service that will be available on the redesigned AffordableTelehealthplan.com planned relaunch in September

• Introduced personalized supplement recommendations and announced plans to offer patented light therapy devices through Silver Scott Health.

• Beta launched TrustNFT.io and Weed.TrustNFT.io, blockchain authentication platforms for secure data and product verification.

• Accelerated development of RWADirect.io, the Company's real-world asset tokenization platform, in response to growing institutional interest.

• Secured up to $135,000 in development contracts through Silver Scott Digital.

• Added real estate finance expert Elysia Stobbe to the Company's advisory board.

• Beta launched YourCryptoETF.com to expand access to crypto ETF investing.

Financial Position

As of June 30, 2025, total assets stood at $508,909, up from $456,357 a year earlier, with equity increasing to $376,257 from $362,621.

Silver Scott Mines, Inc. (OTC Pink:SILS) is a diversified technology and software development company with interests in digital asset infrastructure, tokenized natural resources, fintech innovation and healthtech solutions. Through strategic development and acquisitions, the Company aims to build shareholder value across traditional and emerging sectors. Learn more about our ETF platform: https://www.YourCryptoETF.com

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Learn more about our Token Launching soon: https://www.silverscotttoken.com
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Forward Looking Statements

This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. Words such as expects, believes, anticipates, intends, estimates, seeks and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of Silver Scott Mines are based on current expectations that are subject to risks and uncertainties.

CONTACT:

Stuart Fine
CEO
Silver Scott Mines, Inc
908-356-9852

SOURCE: Silver Scott Mines, Inc.

View the original press release on ACCESS Newswire

FAQ

What were Silver Scott Mines (SILS) Q2 2025 earnings results?

Silver Scott Mines reported revenue of $55,000 and net income of $14,819 in Q2 2025, compared to no revenue and a $17,616 loss in Q2 2024.

How much are Silver Scott Mines' total assets as of Q2 2025?

Silver Scott Mines reported total assets of $508,909 as of June 30, 2025, up from $456,357 a year earlier, with equity increasing to $376,257.

What major acquisitions did Silver Scott Mines (SILS) make in 2025?

Silver Scott Mines acquired AffordableTelehealthplan.com in May 2025 as part of its strategic expansion into revenue-producing businesses.

What new products did Silver Scott Mines launch in Q2 2025?

Silver Scott Mines beta launched TrustNFT.io, Weed.TrustNFT.io for blockchain authentication, and YourCryptoETF.com for crypto ETF investing, while developing RWADirect.io for asset tokenization.

How much is Silver Scott Mines' CEO being paid?

Silver Scott Mines' CEO Stuart Fine continues to take no salary, allowing the company to reinvest capital into product development, marketing, and growth initiatives.