Tue, Apr 1, 10:12 AM (26 days ago)
**BrooQLy Inc. (BRQL) - Financial Summary and Strategic Overview** **Financial Performance (2024 vs. 2023):** - **Revenue:** $266,000 (2024) vs. $5,000 (2023), showing a significant increase of $261,000. - **Net Income:** Net loss of $1,171,439 (2024) vs. $348,288 (2023), reflecting an increased net loss of $823,151. - **Operating Expenses:** $537,440 (2024) vs. $314,307 (2023), with a notable increase due to impairment of intangible assets and bad debt expense. - **Earnings Per Share (EPS):** Basic and diluted loss per share of $0.05 (2024) vs. $0.01 (2023). **Strategic Overview:** - **Transformation:** BrooQLy is strategically repositioning itself as a leading provider in the drone technology and autonomous logistics field. - **Future Outlook:** The company plans to raise new growth capital to fund product development, operational expansion, and integration of its proprietary software platform. - **Market Position:** BrooQLy aims to establish itself as an innovation leader in next-generation aerospace and autonomous delivery systems. **Risk Factors:** - **Financial Stability:** The company faces substantial doubt about its ability to continue as a going concern due to recurring losses and negative cash flows. - **Market Risks:** Dependence on the success of relationships with third parties and the level of business in restaurants, bars, and coffee establishments. - **Operational Risks:** Potential service interruptions with software, cybersecurity threats, and compliance with stringent privacy laws. **Financial Condition:** - **Cash Flow:** Negative cash flow from operating activities, with a decrease of $46,729 in 2024 compared to 2023. - **Liquidity:** The company has been using convertible loans and shares issued for cash to manage liquidity. - **Capital Raising:** Plans to engage a reputable investment bank to advise on and execute a structured capital raise, including potential equity and debt offerings. **Market Position Changes:** - **Geographic Expansion:** BrooQLy is expanding its presence in Central & Southeastern Europe, with plans to add 3 new markets each year. - **Strategic Alliances:** The company intends to build strategic alliances with aerospace suppliers, logistics operators, and research institutions. **Key Financial Metrics (in thousands):** - **Revenue (2024):** $266 - **Net Loss (2024):** $1,171,439 - **Operating Expenses (2024):** $537,440 - **Cash Flow from Operating Activities (2024):** -$34,098 - **Total Assets (2024):** $237 - **Total Liabilities (2024):** $288,226 - **Stockholders' Deficit (2024):** -$287,989 **Conclusion:** BrooQLy Inc. is in a transformative phase, shifting its focus to drone technology and autonomous logistics. While the company faces significant financial challenges, its strategic initiatives and plans for capital raising indicate a forward-looking approach to establish itself as a leader in the aerospace and logistics sectors. Investors should closely monitor the company's progress in executing its strategic transformation and securing additional funding.