Mon, May 19, 8:53 PM (30 days ago)
### GeoSolar Technologies, Inc. (Ticker: N/A) Q1 2025 Financial Summary **Financial Health and Performance:** GeoSolar Technologies, Inc. (GeoSolar) reported a challenging first quarter of 2025, with significant financial losses and operational uncertainties. The company's total assets decreased to $472,258,000 from $976,315,000 at the end of 2024, primarily due to a reduction in cash and current assets. Total liabilities increased to $6,616,252,000, driven by higher current liabilities, including accounts payable, accrued compensation, and senior convertible notes payable. **Revenue and Profit Margins:** GeoSolar generated $315,000 in revenue for Q1 2025, compared to no revenue in Q1 2024. However, the company reported a net loss of $2,271,087,000, significantly higher than the $429,942,000 loss in Q1 2024. The gross profit margin was 100% due to the absence of cost of revenue, but operating expenses were substantial, leading to a negative operating margin. **Cash Flow:** The company experienced a net cash outflow from operating activities of $2,543,000 in Q1 2025, compared to $58,914,000 in Q1 2024. Financing activities provided $3,435,000, primarily from the repayment of notes payable. The net change in cash was a decrease of $5,978,000, resulting in ending cash of $3,965,000. **Earnings Changes:** The net loss per common share was $0.03 for Q1 2025, compared to $0.01 in Q1 2024. The weighted average number of common shares outstanding was 65,552,040. **Quarterly Performance Discussion:** GeoSolar's financial performance was negatively impacted by high operating expenses, particularly general and administrative expenses, which increased to $2,201,801,000 from $376,394,000 in Q1 2024. The company's ability to continue as a going concern is uncertain due to recurring losses and liquidity needs. **Trends and Uncertainties:** The company faces significant uncertainties, including the need for additional financing to meet obligations and repay liabilities. Management believes that equity financing and related party advances will be necessary to sustain operations, but there is no assurance that such funding will be available. **Future Operations Impact:** GeoSolar's future operations will depend on its ability to generate revenue from the SmartGreen™ Home system and secure additional financing. The company's development stage and high operational costs pose risks to its financial stability and long-term viability.