VoipPalcom Inc (VPLM) reported QQ1 2025 results with no disclosed revenue in the quarter ending December 31, 2024, while incurring an operating loss of $0.5117 million and a net loss of $0.5117 million. The company allocated $0.5117 million to general and administrative expenses (G&A), yielding an EBITDA of -$0.5117 million and an EPS of -$0.0001 on 3.623 billion weighted-average shares. Operating cash flow was negative at -$0.5762 million, contributing to a net decrease in cash of $0.5762 million for the period; cash at period-end stood at $1.7932 million. The balance sheet shows a highly liquidity-friendly position with total current assets of $1.8695 million and current liabilities of only $0.122 million, resulting in a robust current ratio (~15.35x). However, the company carries a substantial accumulated deficit, with Retained Earnings at -$103.8695 million, and total stockholders’ equity of only $1.7477 million, underscoring a structurally loss-making business over time and substantial equity erosion.