Fri, Jun 20, 10:18 AM (23 days ago)
**The Crypto Company (TCC)** reported its Q1 2025 financial results, highlighting several key metrics and trends. The company, engaged in blockchain consulting and education, faced significant financial challenges. **Financial Health:** - **Revenue:** $2,856 (down from $14,281 in Q1 2024) due to decreased demand for blockchain training services. - **Net Loss:** $611,582 (improved from $1,091,905 in Q1 2024). - **Cash Flow:** Net cash used in operating activities was $152,825 (improved from $344,505 in Q1 2024). - **Cash Position:** $6,933 (up from $1,763 in Q1 2024). - **Liabilities:** Total liabilities were $6,904,108, with a working capital deficit of $6,884,668. - **Stockholders' Deficit:** $6,897,175 (up from $6,698,392 in Q1 2024). **Profit Margins and Expenses:** - **Gross Margin:** $2,856 (down from $14,281 in Q1 2024). - **Operating Expenses:** $478,743 (down from $906,029 in Q1 2024). - **Share-Based Compensation:** $158,800 (down from $463,198 in Q1 2024). **Earnings Changes:** - **EPS:** $(0.00) for both Q1 2025 and Q1 2024. **Quarterly Performance Discussion:** - **Revenue Decline:** Attributed to reduced demand for blockchain training due to the advent of free AI programs. - **Expense Reduction:** Primarily due to decreased activity at BTA, the company's subsidiary. - **Liquidity:** Improved cash flow from operating activities due to a reduction in net loss. **Trends and Uncertainties:** - **Market Dynamics:** The blockchain technology market is dynamic and unpredictable. - **Regulatory Risks:** Potential new laws or regulations could impact operations. - **Financial Strategy:** The company is evaluating strategies to obtain financing and achieve sustainable revenue. **Future Operations Impact:** - **Strategic Relationships:** The company is exploring potential acquisitions and strategic relationships. - **Cost Management:** Continued focus on reducing expenses and improving operational efficiency. **Management's Discussion:** - **Financial Condition:** The company faces substantial doubt about its ability to continue as a going concern. - **Liquidity:** Management is evaluating financing strategies to meet obligations and achieve sustainable revenue. **Ticker:** TCC is not listed on any major exchange, and the company does not have a ticker symbol.