Fri, May 2, 9:11 PM (15 days ago)
**Altex Industries, Inc. (ATX) Q2 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** Declined to $4,000 in Q2 2025 from $6,000 in Q2 2024, with a six-month total of $9,000 vs. $12,000. - **Profit Margins:** Negative, with a net loss of $32,000 in Q2 2025, widening from $30,000 in Q2 2024. - **Cash Flow:** Negative operating cash flow of $49,000 in six months ending March 31, 2025, compared to $38,000 in the same period of 2024. - **Earnings Changes:** Basic and diluted loss per share was $0.00 in Q2 2025, unchanged from Q2 2024. **Key Metrics & Trends:** - **Operating Expenses:** Increased to $63,000 in Q2 2025 from $65,000 in Q2 2024, driven by higher general and administrative expenses. - **Interest Income:** Decreased slightly to $27,000 in Q2 2025 from $29,000 in Q2 2024. - **Liquidity:** Cash and cash equivalents decreased to $2,607,000 as of March 31, 2025, from $2,656,000 as of September 30, 2024. - **Accrued Expenses:** Significant accrued but unpaid salary and bonus to the president, totaling $1,235,000 as of March 31, 2025. **Future Operations & Uncertainties:** - **Outlook:** ATX may continue to experience negative cash flow and net losses without new investments in producing oil and gas wells or other ventures. - **Risks:** Dependence on oil and gas prices, operational hazards, and competition. Climate change is not expected to materially impact financials. - **Controls:** Effective disclosure controls and procedures are in place, with no significant changes in internal controls. **Impact:** ATX's financial performance remains challenging, with declining revenue and persistent losses. The company's ability to generate positive cash flow and profitability hinges on strategic investments and market conditions.