Tue, May 20, 5:42 PM (32 days ago)
**OZOP Energy Solutions, Inc. (OZOP) - Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $42,257 (Q1 2024: $251,722) - Decline due to higher interest rates affecting residential solar installations and competitive pricing. - **Gross Profit:** $13,238 (Q1 2024: $136,277) - Gross margin on solar products: 11.9% (Q1 2024: 15.8%) - Gross margin on design and installation: 32.8% (Q1 2024: 70.5%) - **Operating Expenses:** $944,067 (Q1 2024: $968,763) - Management fees, salaries, and professional fees were significant components. - **Net Loss:** $1,557,171 (Q1 2024: $1,423,795) - Increased due to decreased gross profit and higher other expenses. **Cash Flow:** - **Operating Activities:** Net cash used: $724,822 (Q1 2024: $641,620) - Primarily due to net loss and changes in operating assets and liabilities. - **Investing Activities:** Net cash used: $3,490 (Q1 2024: $0) - Due to purchases of office and computer equipment. - **Financing Activities:** Net cash provided: $260,805 (Q1 2024: $350,555) - From sales of common stock to GHS. **Liquidity and Capital Resources:** - **Cash:** $329,632 (Q1 2024: $797,139) - **Working Capital Deficit:** $33,521,692 - **Debt Defaults:** $19,925,000 plus accrued interest - **Going Concern:** Substantial doubt about the ability to continue as a going concern. **Future Operations and Uncertainties:** - **Funding:** Management plans to access public equities market for fundraising. - **Uncertainties:** Need for additional capital to meet debt obligations and expand business. - **Material Weaknesses:** Lack of an audit committee and appropriate cash controls. **Trends and Outlook:** - **Revenue Trends:** Decline in solar product sales and design/installation revenues. - **Operating Trends:** Increased salaries and professional fees, decreased travel and rent expenses. - **Future Outlook:** Need for additional capital to sustain operations and expand business. **Ticker:** OZOP