Mon, Apr 14, 9:26 PM (12 days ago)
**Cyber Enviro-Tech, Inc. (CETI) - Ticker: CETI** **Financial Performance (2024 vs. 2023):** - **Revenue:** Not explicitly stated. - **Net Income:** Loss of $6,365,984 in 2024, compared to a loss of $4,343,104 in 2023. - **Operating Expenses:** $2,849,405 in 2024, down from $3,901,588 in 2023. - **Earnings per Share (EPS):** Basic loss of $0.07 in 2024, compared to $0.04 in 2023. **Operating Expenses Breakdown:** - **Professional Fees:** $131,054 in 2024, up from $119,146 in 2023. - **General and Administrative:** $1,051,798 in 2024, up significantly from $517,380 in 2023. - **Consulting:** $1,666,553 in 2024, down from $3,265,062 in 2023. **Strategic Overview:** - **Core Business:** Water science technology focusing on remediation of contaminated industrial wastewater, initially targeting the oil & gas industry. - **Key Projects:** Alvey Oil Field spin-off, water filtration machine development, and expansion into the Middle East and meat packing industry. - **Market Demand:** Potential global market for water filtration systems. **Future Outlook:** - **Expansion Plans:** Focus on water and oil remediation operations in the Middle East and Texas, initial commercial tests with meat packing clients, and spin-off of the Alvey Oil Field. - **Funding:** Plans to raise capital through private investors and institutional funding. **Risk Factors:** - **Financial Condition:** Substantial doubt about the ability to continue as a going concern due to insufficient revenue to cover operating expenses. - **Market Position:** Trading under penny stock rules, which may reduce trading activity. **Market Position Changes:** - **Stock Performance:** Share price ranged from $0.17 to $0.81 in 2024. - **Shareholders:** 494 active shareholders as of December 31, 2024. **Financial Condition:** - **Assets:** $3,565,691 in 2024, down from $5,870,722 in 2023. - **Liabilities:** $4,067,950 in 2024, up from $3,900,204 in 2023. - **Cash Flow:** Negative cash flow from operating activities in 2024. **Other Notable Points:** - **Cybersecurity:** Robust framework in place, including risk assessments, incident response plans, and regular penetration testing. - **Legal Proceedings:** Ongoing discussions with the Estate of Danny Hyde regarding operational expenses and potential lawsuits. - **Corporate Governance:** No independent directors as of December 31, 2024.