Fri, Jun 13, 10:54 AM (31 days ago)
**Leopard Energy, Inc. (Ticker: N/A) Q1 2025 Financial Summary** **Financial Health and Performance:** Leopard Energy, Inc. (LEI) reported a net income of $86,172,000 for Q1 2025, a significant improvement from a net loss of $144,390,000 in Q1 2024. This turnaround is primarily due to a $91,071,000 write-off of accounts payable. However, the company still faces substantial financial challenges, with an accumulated deficit of $11,672,081,000 and a working capital deficit of $134,530,000 as of April 30, 2025. **Revenue and Profit Margins:** - Q1 2025 Revenue: $1,333,000 - Q1 2024 Revenue: $2,014,000 - Q1 2025 Gross Income: $1,333,000 (no cost of revenue reported) - Q1 2024 Gross Income: $2,014,000 (no cost of revenue reported) **Cash Flow:** - Net cash used in operating activities for Q1 2025: ($44,961,000) - Net cash provided by financing activities for Q1 2025: $49,515,000 (from Zenith Energy, the controlling stockholder) **Earnings Changes and Trends:** LEI's earnings per share (EPS) for Q1 2025 was $0.07, compared to a loss of $0.11 in Q1 2024. The company's revenue and earnings are heavily influenced by its royalty interest in the Eagle Acquisition, which provides monthly distributions. **Future Operations and Uncertainties:** LEI's future operations depend on its ability to secure additional financing, as it does not generate significant revenue from its core business. Zenith Energy, the controlling stockholder, has indicated its intention to continue financing the company. However, there is no guarantee that LEI will be successful in arranging financing on acceptable terms. The company's ability to raise additional capital is affected by trends and uncertainties beyond its control. **Management's Discussion:** Management acknowledges the substantial doubt about the company's ability to continue as a going concern for the next twelve months. They plan to finance operations through the sale of equity or other investments and are exploring additional financing options. The company's disclosure controls and procedures were not effective as of April 30, 2025, due to material weaknesses in internal controls over financial reporting. **Conclusion:** LEI's Q1 2025 financial results show a significant improvement in net income, but the company still faces substantial financial challenges. Its future operations depend on securing additional financing, and there are uncertainties regarding its ability to continue as a going concern. Investors should closely monitor the company's efforts to secure financing and address its financial challenges.