Mon, Jun 16, 10:34 AM (28 days ago)
**Keemo Fashion Group Limited (KEEMO) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** Q1 2025 revenue was $5,124,000, a slight increase from $4,942,000 in Q1 2024. - **Profit Margins:** The company reported a gross profit of $2,555,000 in Q1 2025, compared to $2,410,000 in Q1 2024. However, high general and administrative expenses led to a net loss of $4,238,000 for Q1 2025, slightly improved from a net loss of $4,472,000 in Q1 2024. - **Cash Flow:** The company generated $3,115,000 in cash from operating activities in Q1 2025, a significant improvement from the $3,365,000 used in operating activities in Q1 2024. - **Earnings Changes:** The company's net loss per share remained at $0.00 for both Q1 2025 and Q1 2024. **Trends and Uncertainties:** - **Revenue Trends:** Revenue has been relatively stable, with a slight increase in Q1 2025. - **Expense Management:** High general and administrative expenses continue to impact profitability. - **Liquidity:** The company's cash balance is not sufficient to fund operations for an extended period, indicating a need for further funding. - **Going Concern:** The company's current liabilities exceed its current assets, raising substantial doubt about its ability to continue as a going concern. **Future Operations and Impact:** - **Funding Needs:** The company requires additional funding to continue its current business plan and increase operations. - **Internal Controls:** The company has identified material weaknesses in its internal controls over financial reporting, which need to be addressed. - **Segment Reporting:** The company has a single reportable segment based on its apparel and garment trading business. **Ticker:** KEEMO **Note:** Amounts are in thousands of dollars. The company's financial statements are prepared in accordance with US GAAP. The company is subject to US tax laws and has provided a full valuation allowance against its deferred tax assets.