Executive Summary
King Resources Inc (KRFG) reported QQ3 2025 revenue of 19.239 million with a gross margin near 40%. However, the quarter delivered a substantial operating loss of 167.5 million and an EBITDA of -621.8 million, driven by elevated operating and SG&A expenses. Net income came in at -626.1 million, producing an EPS of -0.0001. Notably, cash flow from operations was positive at 42.1 thousand, but the company ended the period with a cash balance of 2.1 thousand and an overall balance sheet characterized by liabilities far exceeding assets and negative stockholders’ equity of approximately -1,192.2 million. The liquidity metrics are extremely tight (current ratio ~0.00172), underscoring a fragile working-capital position despite some operating cash generation.
While gross margin suggests underlying product profitability on a per-unit basis, the cost structure and non-operating charges dominate the quarterly outcome. The QQ3 print represents a meaningful deterioration in profitability relative to the top-line stability, indicating that cost discipline and debt/equity financing considerations will be pivotal in any near-term strategic plan. Absent a material improvement in operating leverage or a decisive balance-sheet action, KRFG remains a high-risk, high-uncertainty name in the Industrials space.
Management commentary from the earnings call is not included in the provided transcript dataset, limiting the ability to quote direct management viewpoints. Investors should monitor any forthcoming guidance on cost-reduction initiatives, product mix optimization, and capital-structure actions that could alter the current leverage and liquidity profile.
Key Performance Indicators
QoQ: -941.24% | YoY:-474.27%
QoQ: -125.06% | YoY:-382.16%
Key Insights
Revenue: 19,239 (YoY +0.24%, QoQ +0.03%). Gross Profit: 7,695; Gross Margin: 39.997%. Operating Income: -167,514; Operating Margin: -8.707%. EBITDA: -621,754; EBITDA Margin: -32.317%. Net Income: -626,064; Net Margin: -32.541%. EPS: -0.00010; Weighted Avg Shares: 4,794,939,022.
Cash Flow: Net cash from operating activities 42,054; Free cash flow 42,054; Net change in cash 2,052; Cash at end of period 2,052.
Balance Sheet: Total assets 3,561; Intangible assets 1,509; Cash and equivalents 2,052; T...
Financial Highlights
Revenue: 19,239 (YoY +0.24%, QoQ +0.03%). Gross Profit: 7,695; Gross Margin: 39.997%. Operating Income: -167,514; Operating Margin: -8.707%. EBITDA: -621,754; EBITDA Margin: -32.317%. Net Income: -626,064; Net Margin: -32.541%. EPS: -0.00010; Weighted Avg Shares: 4,794,939,022.
Cash Flow: Net cash from operating activities 42,054; Free cash flow 42,054; Net change in cash 2,052; Cash at end of period 2,052.
Balance Sheet: Total assets 3,561; Intangible assets 1,509; Cash and equivalents 2,052; Total current liabilities 1,195,754; Total liabilities 1,195,754; Total stockholders’ equity -1,192,193; Negative equity. Liquidity: Current ratio 0.00172; Quick ratio 0.00172; Cash ratio 0.00172. Key profitability indicators lean negative (ROA -175.81; ROE 0.525). Price metrics reflect a negative enterprise value/valuation context (P/B -0.804; P/S 49.85).
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
19.24K |
0.24% |
0.03% |
| Gross Profit |
7.70K |
313.04% |
0.01% |
| Operating Income |
-167.51K |
-474.27% |
-941.24% |
| Net Income |
-626.06K |
-382.16% |
-125.06% |
| EPS |
0.00 |
N/A |
-125.00% |
Key Financial Ratios
operatingProfitMargin
-871%
operatingCashFlowPerShare
$0
Management Commentary
Management transcript not provided in the dataset. No earnings-call quotes are available to extract themes or directional commentary on strategy, operations, or market conditions.
Not available due to earnings call transcript data not provided.
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Not available due to earnings call transcript data not provided.
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Forward Guidance
Explicit forward guidance for QQ3 2025 is not present in the provided data. Qualitatively, KRFG faces a require-ment to fix cost structure and enhance operating leverage to translate gross margin into bottom-line profitability. Key factors to monitor include: (1) whether the company can achieve meaningful SG&A and opex reductions without harming growth; (2) any capital-structure actions or equity financing to reduce financing-related pressure; (3) progress in monetizing Powertech product lines and potential scale in 65W/120W PD charger segments; (4) liquidity runway and working-capital optimization. If management articulates a plan to drive operating efficiencies and delivers any near-term cash-flow improvements or debt-actions, the investment thesis could shift modestly toward optionality; otherwise, the current trajectory implies continued elevated risk.