Revenue and profitability:
- QQ1 2025 Revenue: $590,236; YoY change: -22.76%; QoQ change: +1.90%.
- Gross Profit: $92,847; Gross Margin: 15.73% (YoY margin -23.38%; QoQ margin +441.16% referenced, driven by mix and cost timing).
- Operating Income: -$965,889; Operating Margin: -163.64%; EBITDA: -$965,889; EBITDA Margin: -163.64%.
- Net Income: -$964,494; Net Margin: -163.41%; EPS: -$0.029 (diluted -$0.029); Weighted avg shares: 33.244 million.
Cost structure and expenses:
- Cost of Revenue: $497,389; Gross Profit: $92,847; Gross Margin ~15.73%.
- R&D: $8,617; G&A: $1,050,119; Selling, General & Administrative (SG&A): $1,050,119; Total Operating Expenses: $1,058,736; Cost and Expenses: $1,556,125.
Cash flow and liquidity:
- Net cash from operating activities: -$593,031; Free cash flow: -$593,031.
- Cash at end of period: $393,396; Cash at beginning: $986,427; Net change in cash: -$593,031.
- Working capital indicators: Total current assets $4,150,110; Total current liabilities $253,775; Current ratio 16.35; Quick ratio 9.39; Cash ratio 1.55.
Balance sheet posture:
- Total assets: $4,150,110; Total liabilities: $253,775; Total stockholders’ equity: $3,896,335; Retained earnings: -$21,707,032.
- Receivables: $1,950,684; Inventory: $1,767,624; Payables: $216,333; No long-term debt reported.
Efficiency and valuation context:
- Asset turnover: 0.142; Receivables turnover: 0.303 days; Inventory turnover: 0.281 days; CCC notably elevated at approximately 578 days (using provided measures).
- Price/valuation metrics reflect a negative earnings backdrop: P/S ~174.04x; P/B ~26.36x; P/E negative; Enterprise value multiple negative and implied discount to peers.
Overall read:
- The QQ1 2025 results underscore a cash-burn, early-stage growth trajectory with limited scale but meaningful liquidity runway. Revenue and profitability remain challenged, yet the balance sheet shows liquidity to support near-term operating needs as the company pursues growth in the energy storage market.