Thu, May 15, 4:48 PM (60 days ago)
**SecureTech Innovations, Inc. (SCTH) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $0 (Q1 2024: $12,885) due to strategic focus shift and financing efforts. - **Gross Profit:** $0 (Q1 2024: $9,805) with a 76.1% margin in Q1 2024. - **Operating Expenses:** $90,935 (Q1 2024: $90,496), mainly general and administrative. - **Net Loss:** $94,365 (Q1 2024: $81,481), increased by 15.8% due to lack of sales. - **Cash Flow:** Net cash used in operations was $88,515 (Q1 2024: $4,865), financed by $95,000 in notes payable. - **Stockholders' Deficit:** $210,755 (Q1 2024: $440,042), improved due to share cancellations. **Key Metrics & Trends:** - **Cash Position:** $6,485 (Q1 2024: $1,122) with a revolving credit line of $1,000 and an outstanding balance of $8,797. - **Share Count:** 35,309,329 (Q1 2024: 78,086,881) after a 55% reduction in Phase 1 of the Share Reduction Program. - **Going Concern:** Auditors raised substantial doubt about the company's ability to continue as a going concern. **Future Operations & Uncertainties:** - **Strategic Initiatives:** Recapitalization, aggressive M&A, share reduction, listing upgrades, and divesting Top Kontrol. - **Risks:** Dependence on financing, competition, regulatory changes, and market uncertainties. - **Internal Controls:** Material weaknesses identified, including lack of segregation of duties and independent oversight. **Outlook:** SecureTech aims to strengthen its financial foundation, grow through acquisitions, and improve market positioning. However, it faces significant challenges, including generating revenue, addressing internal control weaknesses, and securing additional financing. The company's future depends on the successful execution of its strategic initiatives and overcoming the identified risks and uncertainties.