Fri, May 9, 2:30 PM (38 days ago)
**Public Company Management Corporation (PCMC, Ticker: PCMC) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** No revenue generated in Q1 2025. - **Profit Margins:** Negative, with a net loss of $21,155,000 in Q1 2025, compared to a net loss of $19,125,000 in Q1 2024. - **Cash Flow:** Negative cash flow from operations at $80,318,000 in Q1 2025, compared to $23,201,000 in Q1 2024. - **Earnings Changes:** Net loss increased by $2,030,000 compared to Q1 2024. - **Cash Position:** Cash increased to $244,717,000 as of March 31, 2025, from $100,035,000 as of September 30, 2024, due to $225,000,000 in short-term payables. **Trends & Uncertainties:** - **Operational Trends:** No revenue generation, increasing operational expenses, and negative cash flow trends. - **Uncertainties:** Significant doubt about the company's ability to continue as a going concern due to accumulated deficit, working capital deficit, and negative cash flows. - **Future Operations Impact:** Dependent on raising funds through debt and equity financing to continue operations. **Management Discussion:** - **Plan of Operation:** Seeking a business combination with an operating company to generate revenue. - **Liquidity & Capital Resources:** Dependent on interim funding from related parties to meet operational costs and professional fees. - **Going Concern:** Financial statements prepared under the assumption of continuing operations, but substantial doubt exists due to financial condition. **Key Metrics:** - **Total Assets:** $244,717,000 as of March 31, 2025. - **Total Liabilities:** $864,553,000 as of March 31, 2025. - **Stockholders' Deficit:** $619,836,000 as of March 31, 2025. - **Operating Expenses:** $18,530,000 in Q1 2025, compared to $16,500,000 in Q1 2024. - **Interest Expense:** $2,625,000 in Q1 2025 and Q1 2024. **Conclusion:** PCMC faces significant financial challenges and uncertainties. The company's ability to continue operations depends on securing additional financing and entering into a business combination. Investors should closely monitor the company's progress in these areas.