Tue, Mar 18, 8:46 PM (39 days ago)
**NFiniTi Inc. (NFIN) Q1 2025 Financial Summary** NFiniTi Inc. (NFIN) reported no revenue for the quarter ended January 31, 2025, with operating expenses totaling $924,000, a decrease from $11,567,000 in the same period last year. The company incurred a net loss of $924,000, compared to $11,567,000 in the prior year, primarily due to reduced professional fees. **Financial Health and Performance Metrics:** - **Cash Flow:** NFIN had $0 in cash, with a working capital deficit of $157,363,000. Net cash used in operating activities was $924,000, an improvement from $(13,108,000) in the previous year. - **Liquidity:** The company has no immediate liquidity concerns but relies on loans from shareholders and the president, totaling $147,226,000, with no specific repayment terms. - **Profit Margins:** With no revenue, profit margins are not applicable. The company operates at a loss. - **Earnings Changes:** The net loss decreased significantly due to reduced expenses. **Quarterly Performance Discussion:** NFIN is in the exploration stage with no operational properties. The company recently completed a reverse acquisition of Artisan Beverages, focusing on ready-to-drink cocktails. The strategy involves expanding distribution networks and attracting distributors and retailers. **Trends and Uncertainties:** - **Positive Trends:** Reduced operating expenses and net loss. - **Uncertainties:** Dependence on shareholder and director loans, lack of revenue, and going concern risks. **Future Operations Impact:** NFIN plans to spend approximately $31,500,000 over the next 12 months on professional fees, administrative costs, and working capital. The company's continuation depends on shareholder support and obtaining necessary equity financing. **Key Risks:** - Dependence on loans from shareholders and the president. - Lack of revenue and operational properties. - Going concern risks due to accumulated deficits and working capital deficits. **Conclusion:** NFIN is in a precarious financial position, relying heavily on shareholder support. The reverse acquisition of Artisan Beverages presents a new business opportunity, but the company faces significant challenges in generating revenue and achieving profitability. Investors should closely monitor the company's ability to secure additional funding and execute its growth strategy.