10-Q - Dogecoin Cash, Inc. (0001360442) (Filer)

Tue, May 20, 9:28 PM (31 days ago)

**Dogecoin Cash, Inc. (CBDS) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** Decreased by 18% to $184,473,000, due to increased competition in the cannabis telemedicine industry. - **Gross Profit Margin:** Improved to 63% from 56% in Q1 2024. - **Net Loss:** Reduced by 42% to $107,364,000, reflecting better cost management. - **Cash Flow:** Positive cash flow from operations at $4,129,000, with $39,513,000 in cash on hand. **Operational Efficiency:** - **Cost of Revenues:** Decreased by 32%, improving cost efficiency. - **Operating Expenses:** Reduced by 27%, with significant cuts in depreciation, wages, and general administrative costs. - **Profitability:** Improved due to better cost management and reduced expenses. **Future Outlook and Uncertainties:** - **Market Competition:** Continued competition may impact revenue growth. - **Capital Raising:** The company may seek to raise capital through equity or debt to support operations and growth. - **Cybersecurity:** Ongoing efforts to enhance cybersecurity measures and evaluate cyber liability insurance. - **Strategic Initiatives:** Plans to increase Dogecoin Cash holdings and explore new business opportunities in the digital asset sector. **Key Metrics:** - **Revenue Growth:** -18% YoY. - **Gross Margin:** 63% (up from 56%). - **Operating Expenses:** -27% YoY. - **Net Loss:** -42% YoY. - **Cash Flow from Operations:** Positive at $4,129,000. **Conclusion:** Dogecoin Cash, Inc. showed improved operational efficiency and cost management in Q1 2025, despite a challenging competitive environment. The company's focus on cybersecurity, strategic initiatives, and potential capital raising efforts will be crucial for future growth and sustainability.