Fri, Jun 6, 7:54 PM (12 days ago)
**Dalrada Financial Corporation (DFCO) - Ticker: DFCO** **Financial Performance (Fiscal Year Ended June 30, 2024):** - **Revenue:** $19,842,419 (down from $29,738,969 in 2023) - **Net Income:** -$29,185,898 (down from -$20,627,721 in 2023) - **Operating Expenses:** $27,828,978 (down from $30,019,876 in 2023) - **Earnings per Share (EPS):** -$0.31 (down from -$0.24 in 2023) **Strategic Overview:** - **Business Divisions:** Genefic, Dalrada Climate Technology, Dalrada Precision Manufacturing, Dalrada Technologies, and Dalrada Corporate. - **Key Initiatives:** Focus on healthcare, climate sustainability, precision manufacturing, and digital services. - **Market Position:** Operating in various sectors including healthcare, technology, and manufacturing. **Future Outlook:** - **Growth Plans:** Expanding subsidiaries anticipated to be profitable while reducing investments in non-core areas. - **Funding:** Reliance on equity and debt investors for financial viability. - **Market Acceleration:** Expecting positive results from the DCT One Series heat pump testing, which could increase market adoption. **Risk Factors:** - **Financial Condition:** Negative working capital and recurring losses raise substantial doubt about the company's ability to continue as a going concern. - **Market Risks:** Dependence on third-party payors and government reimbursements for revenue. - **Operational Risks:** High operating costs and delays in commercializing key products. **Market Position Changes:** - **Stock Performance:** Quoted on the OTC Markets Group’s Pink® Open Market under the symbol DFCO. - **Shareholder Base:** 120,157,113 shares outstanding held by 591 shareholders as of March 31, 2025. - **Dividends:** No cash dividends paid or declared. **Amendment Highlights:** - **Changes:** Focus on changes in financial condition, risk factors, and strategic initiatives. - **Impact:** Emphasis on the company's efforts to address financial challenges and pursue growth opportunities. - **Reasons:** To provide a clear overview of the company's current status and future plans amidst financial difficulties.