Wed, May 14, 6:21 PM (38 days ago)
**Diamondhead Casino Corporation (DCCO) Q1 2025 Financial Summary** **Financial Health and Performance:** Diamondhead Casino Corporation (DCCO) reported a net income of $1,820,869 for Q1 2025, a significant improvement from the net loss of $496,847 in Q1 2024. This turnaround is largely due to a $2,392,929 gain on extinguishment of debt. However, the company's financial health remains precarious, with substantial liabilities and a history of losses. **Revenue and Profit Margins:** DCCO's revenue is primarily derived from administrative and general expenses, which totaled $292,927 in Q1 2025, up from $196,717 in Q1 2024. Other expenses were $16,940 in Q1 2025, down from $22,880 in Q1 2024. **Cash Flow:** The company had cash and cash equivalents of $79,411 at the end of Q1 2025, down from $188,806 at the end of 2024. This decrease is due to a net decrease in cash of $109,395 in Q1 2025, compared to a net decrease of $113,241 in Q1 2024. **Earnings Changes:** The company's earnings per share (EPS) for Q1 2025 was $0.05, a significant improvement from the loss of $0.01 in Q1 2024. However, this is largely due to the gain on extinguishment of debt. **Quarterly Performance Discussion:** DCCO's Q1 2025 performance was marked by a significant gain on extinguishment of debt, which offset the company's ongoing losses. However, the company's financial health remains uncertain, with substantial liabilities and a history of losses. **Trends and Uncertainties:** DCCO faces significant uncertainties, including the ability to secure financing for its planned casino resort and other amenities. The company has been unable to obtain financing to move the project forward and has explored other alternatives, including a sale of part or all of the Property. **Future Operations Impact:** The company's future operations will depend on its ability to secure financing or find a viable purchaser for part or all of the Property. The company's preference is to sell only part of the Property, but there can be no assurance that this will be possible. The company intends to continue to pursue a joint venture partnership and/or other financing while seeking a viable purchaser for part or all of the Property.