Thu, May 15, 9:09 PM (28 days ago)
**Nexscient, Inc. (NXSC) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** No revenue generated in Q1 2025. - **Net Loss:** $134,851, a 37.9% decrease from Q1 2024. - **Operating Expenses:** $114,581, a 27.6% decrease from Q1 2024. - **Cash Flow:** Negative $366,928 from operations, a 26.9% decrease from Q1 2024. - **Cash on Hand:** $21,376, down from $75,804 in Q4 2024. - **Accumulated Deficit:** $1,453,597, indicating ongoing losses. **Profit Margins:** - Not applicable due to zero revenue. **Earnings Changes:** - Basic and diluted loss per share: $(0.01), unchanged from Q1 2024. **Quarterly Performance Discussion:** - **Operational Efficiency:** Reduced operating expenses by 27.6% and net loss by 37.9% year-over-year. - **Cash Burn:** Significantly reduced to approximately $6,000 per month. - **Funding:** Relies on convertible debentures, officer loans, and potential future public offerings. **Trends and Uncertainties:** - **Going Concern:** Substantial doubt about the ability to continue as a going concern due to lack of revenue and accumulated losses. - **Future Financings:** Plans to continue funding operations through equity sales and debt proceeds, which may result in dilution for existing stockholders. - **Market Risk:** As a smaller reporting company, not required to provide extensive market risk disclosures. **Future Operations Impact:** - **Software Acquisition:** Recent AI Media Toolkit SaaS platform acquisition is being integrated into a subscription-based service, expected to be completed by the end of the fiscal year. - **Long-term Strategy:** Focus on acquiring and integrating synergistic technology assets in the Enterprise AI domain. **Ticker:** NXSC **Conclusion:** Nexscient, Inc. faces significant financial challenges, including a lack of revenue, substantial accumulated losses, and reliance on external funding. The company is working on integrating recent acquisitions and plans to continue funding operations through various financing methods. However, the ability to execute its business plan and achieve profitability remains uncertain.