Amesite Inc (AMST) Q1 2025 Earnings Report

Amesite reported QQ1 2025 with a modest revenue base of $11,250 and a gross profit of $11,250, yielding a 100% gross margin on the limited revenue line due to minimal cost of revenue. However, substantial operating spend produced an operating loss of $927,344 and a net loss of $908,045 for the quarter, translating to an EPS of -0.34. Year-over-year revenue declined by approximately 82% and quarter-over-quarter revenue fell about 60% on the back of a very small base, underscoring a pronounced top-line fragility that obscures any near-term profitability trajectory. On the balance sheet, Amesite shows liquidity resilience with cash and equivalents of $1.43 million and no debt, a current ratio of 2.96, and a cash ratio of 1.70, supporting ongoing product and go-to-market investments. Net cash provided by (used in) operating activities was negative $0.49 million, contributing to a negative free cash flow of $0.49 million for the quarter and a cumulative cash burn concern absent meaningful revenue acceleration or cost rationalization. Importantly, the company issued 720,000 shares of common stock during the period, reflecting continued reliance on equity financing to support operations. The earnings transcript is not provided in the dataset, so management commentary and verbatim quotes from the QQ1 2025 call could not be incorporated.