Revenue jumps as Zicix (ZICX) delays December 2025 10-Q filing

Rhea-AI Filing Summary

Zicix Corporation filed a notice that its Quarterly Report on Form 10-Q for the period ended December 31, 2025 will be late, citing unforeseen events and staffing shortages. The company expects to file the report within five calendar days of the prescribed due date.

For the nine months ended December 31, 2025, Zicix reported net revenues of approximately $732,850, compared with $69,978 for the same period in 2024. Operating expenses were approximately $678,293 versus $732,293 a year earlier. In 2024, the company also recorded a goodwill impairment loss of $1,376,083, which contributed to narrowing the net loss from approximately $3,080,041 in 2024 to about $845,795 in 2025.

Positive

• Strong revenue growth: Net revenues for the nine months ended December 31, 2025 were approximately $732,850, up sharply from $69,978 for the same period in 2024.
• Narrower net loss: Net loss decreased to about $845,795 for the nine months ended December 31, 2025, compared with $3,080,041 in 2024, helped by the absence of a $1,376,083 goodwill impairment recorded in 2024.
• Lower operating expenses: Operating expenses declined to approximately $678,293 for the nine months ended December 31, 2025 from $732,293 in the prior-year period.

Negative

• Late 10-Q filing: The company will not file its Form 10-Q for the period ended December 31, 2025 on time, citing unforeseen events and staffing shortages.
• Continuing losses: Despite improvement, the business still recorded a net loss of approximately $845,795 for the nine months ended December 31, 2025.

Insights

Equity analyst

Zicix shows sharply higher revenue and smaller losses but flags a short filing delay.

Zicix Corporation reports a large step-up in activity for the nine months ended December 31, 2025, with net revenues of about $732,850 versus $69,978 a year earlier. Operating expenses fell modestly to about $678,293, from $732,293 in the prior-year period.

The prior year included a goodwill impairment of $1,376,083, which made the 2024 net loss larger. Even so, the latest period’s net loss of roughly $845,795 compares favorably to about $3,080,041 in 2024. This suggests improved performance, though the business remains unprofitable.

The company also discloses a late Form 10-Q filing due to staffing shortages, while indicating it plans to submit within five calendar days of the due date. Subsequent detailed financials in the upcoming 10-Q will give fuller insight into sustainability of the revenue increase and cost structure.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING

(Check One) ☐ Form 10-K        ☐ Form 20-F       ☐ Form 11-K       ☒ Form 10-Q       ☐ Form 10-D       ☐ Form N-CEN        ☐ Form N-CSR

For Period Ended: December 31, 2025

☐ Transition Report on Form 10-K

☐ Transition Report on Form 20-F

☐ Transition Report on Form 11-K

☐ Transition Report on Form 10-Q

For the Transition Period Ended: ________________________

Read Instruction (on back page) Before Preparing Form. Please Print or Type.

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

PART I - REGISTRANT INFORMATION

ZICIX CORPORATION

Full Name of Registrant:

Former Name if Applicable

1901, The World Trade Centre
280 Gloucester Road, Causeway Bay

Address of Principal Executive Office (Street and Number)

Hong Kong, China

City, State, Zip Code

PART II - RULES 12b-25 (b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

	(a)	The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
☒	(b)	The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K or Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report of transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and
	(c)	The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

PART III - NARRATIVE

State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof could not be filed within the prescribed time period.

Due to events unforeseen by the Company, it is unable to complete its Quarterly Report on Form 10-Q for the period ending December 31, 2025 without an unreasonable effort and expense due to staffing shortages. The Registrant will file the 10-Q on or before the fifth calendar day following the prescribed due date.

PART IV - OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this notification:

Edwin Li				+852-91010998
(Name)		(Area Code)		(Telephone No.)

(2)	Have all other periodic reports required under section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s).
	☒ Yes ☐ No
(3)	Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
	☒ Yes ☐ No

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

For the nine months ended December 31, 2025, the Company generated net revenues of approximately $732,850 as compared to $69,978 for the same period ended December 31, 2024. Operating expenses for the nine months ended December 31, 2025, was approximately $678,293, as compared to $732,293 for the same period ended December 31, 2024. The Company, however, recognized impairment loss on goodwill of $1,376,083 for the nine months ended December 31, 2024. This resulted in a net loss of approximately $845,795 and $3,080,041 for the nine months ended December 31, 2025, and 2024, respectively.

2

ZICIX CORPORATION

(Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.

Date: February 17, 2026	By:	/s/ Edwin Li
	Name:	Chief Executive Officer
	Title:	(Principal Executive)

INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representative's authority to sign on behalf of the registrant shall be filed with the form.

Attention

Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

3

FAQ

Why is Zicix (ZICX) filing its December 31, 2025 Form 10-Q late?

Zicix is delaying its Form 10-Q because it cannot complete the report without unreasonable effort and expense due to staffing shortages. The company describes these as unforeseen events that prevented timely preparation of the quarterly financial statements.

When does Zicix (ZICX) expect to file the delayed December 2025 Form 10-Q?

Zicix states that it plans to file its Quarterly Report on Form 10-Q for the period ended December 31, 2025 on or before the fifth calendar day following the prescribed due date, using the extension allowed under Rule 12b-25.

How did Zicix (ZICX) revenues change for the nine months ended December 31, 2025?

For the nine months ended December 31, 2025, Zicix generated net revenues of approximately $732,850, compared with $69,978 for the same period in 2024. This indicates a substantial increase in the company’s sales activity over the prior year period.

What were Zicix (ZICX) operating expenses for the nine months ended December 31, 2025?

Operating expenses for the nine months ended December 31, 2025 were approximately $678,293, compared with $732,293 for the same period in 2024. The figures show a modest reduction in operating costs year over year.

How did Zicix (ZICX) net loss for the nine months ended December 31, 2025 compare to 2024?

Zicix recorded a net loss of about $845,795 for the nine months ended December 31, 2025, versus approximately $3,080,041 in 2024. The 2024 loss included a $1,376,083 impairment loss on goodwill, which did not recur in 2025.

Did Zicix (ZICX) record a goodwill impairment for the nine months ended December 31, 2025?

The company reports a goodwill impairment loss of $1,376,083 for the nine months ended December 31, 2024 only. There is no goodwill impairment mentioned for the nine months ended December 31, 2025 in this disclosure.