Thu, May 15, 4:47 PM (37 days ago)
**AGAPE ATP CORPORATION (ATP) - Q1 2025 Financial Performance** **Financial Health and Performance Metrics:** - **Revenue:** $289,037, down 9.3% from Q1 2024 ($318,643). - **Profit Margins:** Gross margin decreased to 54.1% from 63.8% in Q1 2024. - **Net Loss:** Increased by 9.825 from $703,094 in Q1 2024 to $712,919 in Q1 2025. - **Cash Flow:** Net cash used in operating activities was $1,453,874, up from $1,243,460 in Q1 2024. - **Cash and Cash Equivalents:** $578,794 as of March 31, 2025, down from $2,040,243 at the end of 2024. **Key Financial Trends and Uncertainties:** - **Revenue Decline:** Due to strategic shifts and reduced overseas customer revenue. - **Operating Expenses:** Selling expenses increased by 25.2%, while G&A expenses decreased by 7.1%. - **Other Income:** Significant decrease in net other income by 72.6%. - **Cash Flow:** Negative cash flow from operations, with significant outflows from investing activities. - **Liquidity:** Working capital of $23,775,576 as of March 31, 2025, but with accumulated deficits of $10,216,994. **Future Operations and Impact:** - **Growth Initiatives:** Diversifying into renewable energy and digital wellness platforms. - **Risk Management:** Addressing credit risks, exchange rate fluctuations, and internal control weaknesses. - **Internal Controls:** Identified material weaknesses in internal controls, with remediation plans in progress. **Ticker:** ATPC **Note:** Amounts are in thousands, 000s.