Fri, Jun 20, 9:04 PM (24 days ago)
**Quantumzyme Corp. (QZYM) Q1 2025 Financial Summary** **Financial Health:** - **Cash Position:** $584,000, significantly reduced from $10,000,000 in the previous quarter due to operational expenses. - **Liabilities:** Total current liabilities increased to $403,125,000 from $293,298,000, indicating higher debt levels. - **Stockholders' Deficit:** Increased to $402,541,000 from $283,298,000, reflecting accumulated losses. **Performance Metrics:** - **Revenue:** No revenue generated for the quarter. - **Operating Expenses:** $60,453,000, up from $60,272,000, primarily due to increased general and administrative fees. - **Net Loss:** $65,763,000, slightly higher than the previous quarter's $63,862,000, driven by increased operating and interest expenses. - **Earnings per Share:** $0.00, consistent with the previous quarter. **Cash Flow:** - **Operating Activities:** Net cash used was $116,550,000, higher than the previous quarter's $88,187,000. - **Financing Activities:** Provided $117,134,000 in cash, primarily from the issuance of common stock. **Trends and Uncertainties:** - **Going Concern:** Significant doubt about the company's ability to continue as a going concern due to net losses and cash usage. - **Funding Dependence:** Reliant on securing additional funding to sustain operations and growth. - **Operational Expenses:** Expected to increase in future years due to the company's business model. **Future Operations Impact:** - **Financial Flexibility:** The company aims to maintain financial flexibility to meet project commitments and expansion objectives. - **Internal Controls:** Management acknowledges deficiencies in internal controls and plans to address them with additional resources and personnel. **Conclusion:** Quantumzyme Corp. faces significant financial challenges, including substantial liabilities, accumulated deficits, and a reliance on external funding. The company's ability to generate revenue and improve its financial position will be crucial for its future operations and sustainability.