Mon, Jun 9, 8:57 PM (7 days ago)
**Bimergen Energy Corporation (BIMER) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** No revenue generated for Q1 2025 and Q1 2024. - **Profit Margins:** Operating loss of $857,037 for Q1 2025, compared to $313,835 for Q1 2024. - **Cash Flow:** Net cash used in operating activities was $142,452 for Q1 2025, compared to $166,380 for Q1 2024. Cash provided by financing activities was $82,850 for Q1 2025, compared to $256,000 for Q1 2024. - **Earnings Changes:** Net loss increased to $857,644 for Q1 2025 from $313,507 for Q1 2024. - **Liquidity:** Cash and cash equivalents decreased to $96,485 as of March 31, 2025, from $156,087 as of December 31, 2024. **Quarterly Performance Discussion:** - **Expenses:** General and administrative expenses increased to $857,037 for Q1 2025 from $313,835 for Q1 2024, primarily due to stock compensation and contractor fees related to Emergen projects. - **Going Concern:** The company has substantial recurring losses, negative cash flows, and depends on additional financing to sustain operations. **Trends and Uncertainties:** - **Development Projects:** The company acquired a portfolio of BESS and solar energy projects from Emergen Energy LLC, with a cumulative storage capacity of 1.965 GW and generation capacity of 1.640 GW. - **Future Operations Impact:** The company plans to develop, commercialize, and operate these projects to become a grid-balancing operator. However, the success of these projects is subject to various risks and uncertainties, including regulatory approvals, financing, and market conditions. **Future Outlook:** - **Funding Needs:** The company will need additional funding to sustain operations, satisfy obligations, and support business activities and working capital needs. - **Strategic Agreements:** The company is seeking to enter into strategic agreements or sales of development rights to secure additional funding. - **Joint Venture:** The company has entered into a joint venture with RelyEZ Energy Group to develop, construct, and operate up to 2 GW of utility-scale battery-energy-storage projects through 2027. **Risk Factors:** - **Operational Risks:** The company faces risks associated with service demands, acceptance, expansion, changes in healthcare practices, technology, economic conditions, competition, pricing, government regulation, and approvals. - **Pandemic Impact:** The COVID-19 pandemic and other factors may cause actual results to differ materially from those described. - **Legal Proceedings:** The company is involved in legal proceedings related to misrepresentations and omissions by SuperGreen, Calvin C. Cao, and Michael H. Cao. The outcome of these proceedings could have a material adverse effect on the company's financial condition, revenue, and profitability.