Wed, May 14, 1:58 PM (35 days ago)
### I-ON Digital Corp. (IOND) Q1 2025 Financial Summary **Company Overview:** I-ON Digital Corp. (IOND) is engaged in providing digital-based enterprise solutions, focusing on the digitization and distribution of digital tokens, primarily proven gold reserves, and other asset-based digital securities on the blockchain. **Financial Performance:** - **Revenue:** IOND reported no revenue for Q1 2025, down from $32,625 in Q1 2024 due to the end of a lease agreement that generated revenue. - **Operating Expenses:** Operating expenses increased to $348,409 in Q1 2025 from $146,428 in Q1 2024, driven by higher professional fees, marketing, and amortization costs. - **Net Loss:** The net loss widened to $348,409 in Q1 2025 from $293,919 in Q1 2024. - **Cash Flow:** The company used $287,462 in cash for operations in Q1 2025, compared to $114,642 in Q1 2024. Financing activities provided $206,787 in cash, up from $80,311 in the prior year. **Balance Sheet Highlights:** - **Cash and Cash Equivalents:** Decreased to $189,420 from $270,095. - **Total Assets:** Slightly decreased to $18,311,624 from $18,422,143. - **Total Liabilities:** Increased to $2,877,088 from $2,639,198. - **Stockholders' Equity:** Decreased to $15,434,536 from $15,782,945. **Key Metrics:** - **Gross Profit Margin:** Zero in Q1 2025, down from 36% in Q1 2024. - **Operating Margin:** Negative 100% in Q1 2025, compared to -47% in Q1 2024. - **Net Margin:** Negative 100% in Q1 2025, compared to -99% in Q1 2024. **Trends and Uncertainties:** - **Revenue Growth:** The company faces challenges in generating revenue, with no sales reported in Q1 2025. - **Operational Costs:** Increasing operational expenses indicate a focus on growth and expansion. - **Cash Flow:** Positive cash flow from financing activities suggests reliance on external funding. - **Going Concern:** The company's ability to continue as a going concern is uncertain due to limited revenues and recurring losses. **Future Operations:** - **Strategic Initiatives:** IOND plans to conduct private placements to raise up to $100 million in 2025. - **Technology Development:** Continued investment in the ION Digital Hybrid Blockchain Platform. - **Market Expansion:** Negotiations for multiple term sheets expected to be executed in Q2 2025. **Conclusion:** IOND faces significant financial challenges, including revenue generation and operational costs. The company's strategic initiatives and market expansion efforts are crucial for future growth and sustainability. Investors should monitor the company's progress in executing its plans and securing additional funding.