Tue, May 13, 8:13 PM (30 days ago)
**Bullfrog AI Holdings, Inc. (BFRG) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** No revenue generated in Q1 2025. - **Profit Margins:** Operating loss of $2,056,620,000, slightly higher than the $1,965,718,000 loss in Q1 2024. - **Cash Flow:** Net cash used in operating activities was $1,798,125,000, a decrease from $1,901,634,000 in Q1 2024. - **Earnings Changes:** Net loss attributable to common stockholders was $2,017,553,000, compared to $1,920,568,000 in Q1 2024. **Key Financial Metrics:** - **Cash and Cash Equivalents:** $3,801,928,000 as of March 31, 2025, down from $5,435,983,000 at the end of 2024. - **Total Assets:** $4,085,872,000, a decrease from $5,551,830,000 at the end of 2024. - **Total Liabilities:** $839,397,000, up from $588,090,000 at the end of 2024. - **Stockholders' Equity:** $3,246,475,000, down from $4,963,740,000 at the end of 2024. **Trends and Uncertainties:** - **Operating Expenses:** Increased by $90,902,000, driven by higher research and development costs and general administrative expenses. - **Liquidity Concerns:** Cash position is insufficient to fund operations for at least a year beyond the filing date, raising substantial doubt about the company's ability to continue as a going concern. - **Future Operations Impact:** The company plans to raise additional capital through equity sales, debt transactions, licensing agreements, and collaborative arrangements. **Management's Discussion:** - **Strategy:** Focus on generating revenues through strategic relationships with biopharma companies and acquiring rights to drugs at various stages of development. - **Capital Needs:** The company will require additional capital to execute its strategy, with plans to use an At-The-Market Sales Agreement with BTIG, LLC to sell shares of common stock. - **Market Risks:** As a smaller reporting company, detailed market risk disclosures are not required, but the company faces significant liquidity and operational risks. **Conclusion:** Bullfrog AI Holdings, Inc. continues to face significant financial challenges, with increasing operating losses and liquidity concerns. The company's strategy relies heavily on securing additional funding and strategic partnerships to sustain operations and drive future growth.