KeyStar Corp (KEYR) Q2 2025 Earnings Report

Revenue: $108,432 for Q2 2025 (YoY/QoQ unavailable in the dataset).
Gross Profit: -$108,432; Gross Margin effectively 0% (negative due to revenue coverage issues).
Operating Income: -$8,510,818; YoY change reported as -45.03% per provided data.
Net Income: -$5,863,947; EPS: -$0.08; EPS Diluted: -$0.08; Weighted Avg Shares: 72,453,324.
EBITDA: -$8,028,526; EBITDA margin not reported but deeply negative.
Cash Flow: Operating cash flow -$2,450,791; Free cash flow -$2,332,157; Net cash from financing activities +$2,525,436; Net decrease in cash -$217,605; Cash at period end $232,158.
Balance Sheet: Total assets $1,231,697; total liabilities reported as $175,673 (data shows a disparate figure for current liabilities of $24,839,873, indicating potential reporting inconsistency); Net debt $1,070,626; Cash and equivalents $73,580; Current ratio 0.0369; Quick ratio 0.0369.
Liquidity/Leverage: Very tight liquidity with low cash reserves and high near-term liabilities; short-term debt $968,533; long-term debt $175,673; Total debt $1,144,206.
Valuation Context: Price-to-book and related equity metrics demonstrate extreme negative or distorted multiples due to the loss-making quarter and balance sheet stress; enterprise value multiple is negative.

No earnings call transcript data is available in the provided information. Accordingly, there are no management quotes or thematic highlights to extract for QQ2 2025. If a verbatim transcript or call recording becomes available, we can extract themes around strategy, operations, and market conditions and align them with the quantitative results.

Given the QQ2 2025 results, KeyStar Corp presents a high-risk investment profile. The company reported a modest quarterly revenue of $108k with a negative gross profit and an overall net loss of $5.86M, accompanied by a deep operating loss and negative cash flow from operations. The balance sheet shows substantial near-term liabilities and a fragile liquidity position, with net debt of about $1.07M and potential data inconsistencies in liabilities that require clarification. The need for external financing to fund ongoing losses raises dilution risk for existing shareholders and adds financing risk in a volatile market environment. On the bright side, a potential path to recovery would hinge on a material revenue ramp, improved gross margins, and aggressive cost reductions, or an equity/debt restructuring that stabilizes liquidity. In the absence of credible near-term top-line catalysts and transparent balance-sheet integrity, the investment case remains highly speculative with a focus on liquidity runway, governance, and potential for a turnaround plan to deliver a sustained break-even operating profile.