Tue, May 13, 11:56 AM (31 days ago)
**Kioni Holdings Limited (KIONI) Q1 2025 Financial Summary** Kioni Holdings Limited (KIONI) reported its Q1 2025 financial results, highlighting significant improvements in revenue and profitability compared to the same period in 2024. The company's revenue surged to $37,633,000, up from $13,500,000 in Q1 2024, driven by increased demand for business advisory services, bookkeeping, and IT services. Operating expenses also rose to $23,716,000 from $15,764,000, but the company managed to achieve a net profit of $13,917,000, a stark contrast to the net loss of $5,864,000 reported in Q1 2024. The company's cash position improved slightly, with cash and cash equivalents standing at $1,493,000, down from $1,621,000 at the end of 2024. However, the increase in trade receivables and the decrease in other receivables and accounts payables impacted the net cash flows used in operating activities, which amounted to $128,000. Kioni Holdings Limited's total assets decreased to $79,936,000 from $93,005,000 at the end of 2024, primarily due to a reduction in current assets. Current liabilities also decreased to $61,010,000 from $87,996,000, leading to a stockholders' deficit of $18,926,000, compared to $5,009,000 at the end of 2024. The company continues to face uncertainties regarding its ability to continue as a going concern, citing the need for additional capital resources. Management plans to seek further debt financing and equity issuances to support operations. Despite these challenges, Kioni Holdings Limited has shown positive trends in revenue growth and profitability, indicating potential for future operational improvements. The company's stock is listed on the U.S. market.