10-Q - Mag Mile Capital, Inc. (0001879293) (Filer)

Tue, May 13, 7:54 PM (34 days ago)

**Mag Mile Capital, Inc. (MMCP: OTC Link) Q1 2025 Financial Summary** **Financial Health & Performance Metrics:** - **Revenue:** $780,500 (up 46.5% YoY from $532,593). - **Gross Profit:** $256,080 (up 28% YoY from $200,089). - **Net Income:** $9,714 (reversal from a net loss of $65,776 in Q1 2024). - **Cash Flow from Operations:** $84,650 (positive, compared to -$72,427 in Q1 2024). - **Working Capital Deficit:** $35,860 (improved from $51,075 in Q1 2024). - **Cash Position:** $140,134 (up from $8,795 in Q1 2024). **Profit Margins:** - **Gross Margin:** 32.8% (up from 37.6% in Q1 2024). - **Operating Margin:** 1.5% (improved from -12.0% in Q1 2024). **Earnings Changes:** - **EPS:** $0.00 (no change from Q1 2024). - **Weighted Average Shares Outstanding:** 100,055,935 (no change). **Quarterly Performance Discussion:** - Revenue growth driven by new large loans originated through CMBS. - Gross profit increased due to higher revenue and controlled commission expenses. - Operating expenses decreased, contributing to net income. - Cash flow from operations improved significantly, indicating better liquidity. **Trends & Uncertainties:** - **Positive Trends:** Revenue growth, improved cash flow, and reduced working capital deficit. - **Uncertainties:** Dependence on related party loans and potential material weaknesses in internal controls. **Future Operations Impact:** - Plans to invest in sales and marketing to attract new customers. - Exploration of strategic acquisitions using public company status. - Continued focus on improving internal controls and financial reporting processes.