Eightco Holdings Inc. is a publicly traded company that primarily operates through inventory financing and corrugated packaging divisions, with recent revenues of approximately $39.6 million and $6.8 million respectively.

# Company Summary: Eightco Holdings Inc.

## Overview
Eightco Holdings Inc. is a publicly traded company listed on Nasdaq under the ticker symbol **OCTO**. Established in 2021, the company operates primarily through two main business divisions:

### 1. **Forever 8 – Inventory Cash Flow Solutions**
- **Business Model:** Provides funding solutions for e-commerce sellers on platforms like Amazon and Shopify. Uses proprietary technology to analyze product sales data automatically.
- **Operations:** Purchases inventory on behalf of e-commerce entrepreneurs, applies a markup, and revenues are collected as the products are sold.
- **Revenue (2024):** Approximately **$39.6 million**.
- **Business Focus:** Now primarily focused on inventory financing and management, with no current plans to operate Web3 or Bitcoin mining businesses.
- **Customers:** The company’s revenue is largely generated from inventory purchase and sales; specific customer count is not provided.
- **Employees:** As of March 31, 2025, **9 employees** are dedicated to Forever 8.

### 2. **Ferguson Containers – Corrugated Packaging**
- **Business Model:** Manufactures and sells custom corrugated packaging for various products, emphasizing quick production cycles and often using 100% post-consumer recycled material.
- **Operations:** Manufactures packaging based on purchase orders without long-term contracts, relying on a network of suppliers for raw materials like corrugated cardboard.
- **Revenue (2024):** Approximately **$6.8 million**.
- **Employees:** As of March 31, 2025, **14 employees** work in this division.
- **Sale of Business:** On November 22, 2024, agreements were made to sell Ferguson Containers, with the sale expected to close in the second quarter of 2025.

## Financial Highlights
- **Total Revenue (2024):** Approximately **$46.4 million** across both main divisions.
- **Net Income:** In 2024, the company reported a **net income of approximately $0.29 million** from continuing operations, significantly improving from a **net loss of about $69 million in 2023**.
- **Employees Total:** The company had **23 employees** as of March 31, 2025.
- **Assets (December 31, 2024):** Approximately **$50.8 million**.
- **Liabilities (December 31, 2024):** Approximately **$39.3 million**.
- **Market Cap (June 28, 2024):** Estimated around **$4 million** based on stock price.

## Additional Details
- The company has transitioned from being a part of Vinco Ventures and became independent following a spin-off in June 2022.
- The company has no long-term customer contracts for its manufacturing, operates with purchase orders, and faces competition from various private and smaller companies in both sectors.
- The current focus is on expanding Forever 8's inventory financing platform, with plans to assess growth through organic expansion and potential acquisitions.
- It has a small management team with **23 employees** working across its divisions.
- The company’s strategy includes reducing overhead, raising capital via debt and equity, and exiting non-core business lines such as Bitcoin mining and Web3 projects.

Eightco Holdings Inc. is a diversified company focusing on e-commerce fintech and sustainable packaging solutions, reporting significant growth in revenue but facing substantial net losses.

# Eightco Holdings Inc. Overview

## Business Model
Eightco Holdings Inc. is a diversified company operating primarily in the packaging and e-commerce fintech sectors. The company's operations are mainly segmented into two business units:

1. **Forever 8 Fund, LLC**:
   - Acquired on October 1, 2022, Forever 8 provides inventory financing and funding solutions for e-commerce businesses, particularly those selling on platforms such as Amazon and Shopify.
   - **Business Model**: Forever 8 uses proprietary technology to assess product sales data to determine funding potential, purchasing inventory on behalf of entrepreneurs and collecting revenue as the inventory sells.
   - **Financial Performance**:
     - **Revenue**: $67.57 million for the fiscal year ended December 31, 2023 (up from $23.79 million in 2022).
     - **Number of Customers**: As of the latest reports, Forever 8 serves a significant number of e-commerce clients, though the exact number of customers is not specified.
  
2. **Packaging Business (Ferguson Containers)**:
   - This unit manufactures custom packaging solutions aimed at enhancing brand awareness and product presentation.
   - **Operations**: They operate a quick production cycle and utilize sustainable materials in manufacturing.
   - **Financial Performance**:
     - **Revenue**: $7.73 million for the fiscal year ended December 31, 2023 (slight decline from $8.04 million in 2022).

## Financial Overview
- **Total Revenue for 2023**: $75.30 million (up from $31.82 million in 2022).
- **Total Expense**: For 2023, the cost of revenues totaled $68.81 million.
- **Gross Profit**: In 2023, gross profit was $8.49 million.
- **Net Loss**: The net loss was approximately ($68.32 million) for 2023 compared to a net loss of ($47.45 million) in 2022.
- **Accumulated Deficit**: As of December 31, 2023, the company reported an accumulated deficit of ($113.28 million).

## Workforce
- **Employees**: As of June 5, 2024, Eightco Holdings Inc. employs a total of 22 individuals, with 15 in Ferguson Containers and 7 in Forever 8.

## Market Position
- Eightco Holdings Inc. continues to analyze growth opportunities through both organic expansion and potential acquisitions, focusing on maintaining customer partnerships and adapting to market demands.
- The company operates in highly competitive sectors, facing competition from domestic and international companies in both the e-commerce funding space and the packaging industry.

## Additional Details
- **Formation**: Eightco was established in September 2021 and has undergone strategic changes including a name change to Eightco Holdings Inc. in April 2023.
- **Stock Information**: The company is listed on the NASDAQ under the symbol “OCTO”.

## Asset & Liability Overview
- **Total Assets**: Approximately $55.41 million as of December 31, 2023.
- **Total Liabilities**: Approximately $59.76 million as of December 31, 2023, leading to a stockholders' deficit of approximately ($4.35 million).

Eightco Holdings Inc. is focused on enhancing its operational efficiencies, capitalizing on its established presence in e-commerce finance and sustainable packaging, and aims to improve its financial health going forward.

Eightco Holdings Inc.

10-K / April 15, 2025

10-K / June 6, 2024

10-K / April 15, 2025

Company Summary: Eightco Holdings Inc.

Overview

1. Forever 8 – Inventory Cash Flow Solutions

2. Ferguson Containers – Corrugated Packaging

Financial Highlights

Additional Details