Mon, Apr 14, 9:20 PM (12 days ago)
**Summary of BOXABL Inc. (Ticker: BOXD) Annual Report (2024)** **Financial Performance:** - **Revenue:** $3.4 million (FYE 2024) vs. $344,000 (FYE 2023) - **Net Income:** Negative $50.95 million (FYE 2024) vs. Negative $39.526 million (FYE 2023) - **Earnings per Share (EPS):** Negative $0.02 (FYE 2024) vs. Negative $0.01 (FYE 2023) - **Operating Expenses:** $41.127 million (FYE 2024) vs. $32.54 million (FYE 2023) - **Cost of Goods Sold:** $14.966 million (FYE 2024) vs. $10.556 million (FYE 2023) **Strategic Overview:** - BOXABL focuses on modular construction, aiming to reduce build time and costs while increasing quality. - The company has secured state modular housing approvals in Arizona, California, Nevada, and New Mexico. - BOXABL launched prototypes for the Baby Box and Phase 2 Modular Building System, aiming to expand its product line. **Future Outlook:** - BOXABL plans to focus on obtaining additional state approvals and expanding its dealer and installer network. - The company aims to begin production of Phase 2 Modular Building System Boxes, depending on sufficient orders. - BOXABL expects to leverage its current cash and cash equivalents to achieve its strategic goals. **Risk Factors:** - The company faces risks related to regulatory approvals, market competition, and economic conditions. - BOXABL's financial condition is dependent on its ability to secure additional funding and grow revenue. **Financial Condition:** - BOXABL reported an accumulated deficit of $718.4 million as of December 31, 2024. - The company's liquidity is sufficient to fund operations for more than 12 months, considering current capital and expected future funding. **Market Position Changes:** - BOXABL delivered 270 Casitas in total, including sales to B2G and B2B customers. - The company has a growing network of preferred dealers and installers, with 80 unique installer dealers approved/trained. **Note:** This summary provides a concise overview of BOXABL Inc.'s financial performance, strategic initiatives, future outlook, risk factors, financial condition, and market position changes. For detailed information, please refer to the full annual report.