Thu, May 15, 8:54 PM (32 days ago)
**SOBR Safe, Inc. (SOBR) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $86,617 (up 80.5% YoY) - **Gross Profit:** $50,964 (58.8% margin) - **Operating Loss:** ($1,953,107) - **Net Loss:** ($1,879,055) (improved by $626,866 YoY) - **Cash:** $10,074,029 (up $1,689,987 QoQ) - **Total Assets:** $12,686,819 (up $1,515,616 QoQ) - **Total Liabilities:** $1,127,484 (down $241,398 QoQ) **Key Metrics & Trends:** - **Revenue Growth:** Driven by increased sales of SOBRsure devices and software subscriptions. - **Gross Margin Improvement:** Attributed to higher-margin SOBRsure sales. - **Operating Expenses:** Increased by $272,077 QoQ, primarily due to higher payroll and reduced third-party services. - **Cash Flow:** Negative operating cash flow of ($1,706,000), offset by $3,395,484 in financing activities (warrant exercises). - **Liquidity:** Management believes current cash balances support operations for the next 12 months. **Future Operations & Uncertainties:** - **Product Launch:** Second-generation SOBRsure device released in Q4 2024. - **Marketing Plan:** Comprehensive 2025 marketing strategy to drive sales. - **Funding:** Potential need for additional capital to support growth and operations. - **Legal & Regulatory:** Ongoing lawsuit and defaulted notes pose risks. - **Market Risks:** Dependence on limited customers and suppliers, concentration of credit risk. **Recent Developments:** - 1-for-10 reverse stock split effective April 4, 2025. - Warrant exercises provided $3.5M in net proceeds. - Expanded business-to-business sales into the family law market. **Outlook:** SOBR Safe, Inc. aims to leverage its product portfolio and marketing initiatives to drive revenue growth and improve financial performance. However, the company faces challenges related to funding, market risks, and legal uncertainties. Management remains focused on executing its growth strategy while managing operational and financial risks.