Kinetic Seas Incorporated

What they do

Kinetic Seas provides AI-enabled software consulting, custom software development and AI implementation services, and is developing proprietary AI products including AI-powered voice-agent solutions for hospitality and food service and MaluDb, an open-source persistent AI memory database. It secures clients through its proprietary Skilliks platform, which assesses a client's software and technology requirements and builds development strategies. It has a strategic commercial relationship with Sagtec Global Limited, which holds non-exclusive international rights to market and sell MaluDb hosting under the Skilliks brand.

Revenue drivers

• Product sales — Product sales began in fiscal 2025 and reached $346,500 for the year; in the six months ended June 30, 2026 product sales were $1,039,500, including $519,750 in Q2 2026, making it the larger revenue line.
• AI consulting services — Consulting revenue was $71,268 in fiscal 2025 versus $210,584 in fiscal 2024, and $25,895 in the six months ended June 30, 2026 versus $67,871 in the prior-year period.
• MaluDb / Skilliks commercialization — Under the Sagtec arrangement the company is entitled to share in hosting services revenue, integration and consulting services, certain company-originated international sales, and possible future Enterprise Editions of MaluDb, though no assurance is given on amounts or timing.

Recent performance

For the year ended December 31, 2025 the company reported total revenues of $417,768 ($71,268 consulting plus $346,500 product sales) with gross profit of $351,019 and a net loss of $(1,235,227), or $(0.05) per share, versus a $(3,897,121) net loss in fiscal 2024. Operating expenses fell to $1,553,681 in fiscal 2025 from $3,820,014 in fiscal 2024, and cash used in operations narrowed to $(553,929) from $(1,072,139). In Q2 2026 the company recognized $519,750 of product sales revenue but no consulting revenue, and for the six months ended June 30, 2026 consulting revenue was $25,895 against $1,039,500 of product sales. As of June 30, 2026 total assets were $8.6M, total liabilities $9.8M, shareholder equity was negative $(1.3)M and cash was $0.00.

Strategy

Management said the company pivoted on December 14, 2023 into AI hosting, research and development and consulting, and believes it no longer qualifies as a shell company after generating its first consulting revenue in Q1 2024. The stated focus is AI-enabled software consulting, custom development and AI implementation services rather than infrastructure and educational services, alongside development of proprietary products such as AI voice-agent solutions and MaluDb. The commercialization plan for MaluDb combines open-source adoption, managed hosting, enterprise support, integration and consulting services intended to create multiple revenue streams. The Sagtec relationship is meant to add commercialization channels under the Skilliks brand, though management says there is no assurance as to future revenue amounts or timing.

Risks

• Liquidity and negative equity — At June 30, 2026 the company reported $0.00 in cash, total liabilities of $9.8M exceeding total assets of $8.6M, and shareholder equity of negative $(1.3)M, with fiscal 2025 operations using $(553,929) of cash.
• Revenue concentration in product sales — Fiscal 2025 revenue of $417,768 was $346,500 product sales and $71,268 consulting, and Q2 2026 revenue of $519,750 was entirely product sales, while consulting revenue fell to $25,895 in the first half of 2026 from $67,871 a year earlier.
• Emerging technology risk — The company states in its risk factors that AI and machine learning are emerging technologies characterized by rapid change and significant uncertainty, and that its success depends on its ability to develop, integrate and utilize them.
• Early-stage commercialization of MaluDb — MaluDb and the company's voice-agent products are described as in development or early commercialization, and management states there can be no assurance as to the amount or timing of future revenues generated under the Sagtec arrangement.

Outlook

Management describes the Sagtec arrangement as an additional commercialization channel for its technology but gives no assurance on future revenue amounts or timing. The company says its strategy is to continue scaling its AI consulting and technology operations and advancing MaluDb commercialization across open-source adoption, managed hosting, enterprise support and consulting. No specific revenue, margin or capital-raising guidance is provided in the excerpts.