Thu, May 15, 1:35 PM (37 days ago)
**Leet Technology Inc. (LTES) Q1 2025 Financial Health and Performance** **Revenue and Profit Margins:** - Q1 2025 revenue plummeted to $3,884,000 from $196,653,000 in Q1 2024, a 98% decrease. - Gross loss was $142,613,000 in Q1 2025, compared to a gross profit of $39,667,000 in Q1 2024. - Net loss widened to $250,765,000 in Q1 2025 from $123,070,000 in Q1 2024. **Cash Flow:** - Net cash used in operating activities was $239,185,000 in Q1 2025, down from $330,168,000 in Q1 2024. - Net cash provided by financing activities was $226,524,000 in Q1 2025, down from $347,515,000 in Q1 2024. - End-of-period cash decreased to $13,067,000 in Q1 2025 from $18,847,000 in Q1 2024. **Earnings Changes and Trends:** - The significant decrease in revenue and increase in net loss indicate a challenging quarter. - The company's primary revenue streams, white-label solutions and esports event management, saw substantial declines. **Uncertainties and Future Operations:** - Leet Technology faces substantial doubt about its ability to continue as a going concern due to its financial condition. - The company is pursuing additional financing but has no assurance of securing sufficient funds. - The company's operations and financial health are heavily reliant on related parties and shareholders for support. **Key Financial Metrics (in $000s):** - **Q1 2025 vs. Q1 2024:** - Revenue: $3,884 vs. $196,653 - Gross Profit/Loss: ($142,613) vs. $39,667 - Net Loss: ($250,765) vs. ($123,070) - Cash: $13,067 vs. $18,847 - Working Capital Deficit: ($4,395,578) vs. ($3,311,903) - Accumulated Deficit: ($13,051,231) vs. ($12,706,094) **Conclusion:** Leet Technology Inc. experienced a significant decline in financial performance in Q1 2025, with substantial revenue drops and increased losses. The company faces uncertainties about its ability to continue operations without additional financing. Portfolio managers and traders should closely monitor the company's efforts to secure funding and stabilize its financial position.