Fri, May 16, 8:50 PM (35 days ago)
**Totaligent, Inc. (TGNT) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** Totaligent reported $0 in revenue for Q1 2025, down from $340,929 in Q1 2024, indicating a significant decline in managed campaign activity. - **Profit Margins:** The company incurred a net loss of $165,478 for Q1 2025, compared to a net loss of $127,890 in Q1 2024. Gross profit was $0 for Q1 2025, down from $12,309 in Q1 2024. - **Cash Flow:** Net cash used in operating activities was $74,918 for Q1 2025, slightly higher than $71,869 in Q1 2024. Financing activities provided $230,000 in cash, primarily from the issuance of convertible notes payable. - **Earnings Changes:** The company's operating expenses decreased to $78,023 in Q1 2025 from $167,157 in Q1 2024, mainly due to a reduction in personnel expenses. However, other expenses, including interest and derivative liabilities, increased. **Trends and Uncertainties:** - **Going Concern:** Totaligent faces substantial doubt about its ability to continue as a going concern due to negative working capital, accumulated deficits, and the need for additional financing. - **Capital Requirements:** The company estimates material cash requirements for operating expenditures to range from $100,000 to $200,000 per month over the next twelve months. - **Future Operations:** Totaligent plans to meet near-term obligations through private placement offerings and intends to launch a consumer-facing digital marketing platform, which is expected to drive future revenue growth. **Management Discussion:** - **Revenue Decline:** The decrease in revenue is attributed to a reduction in managed campaign activity. - **Operating Expenses:** The reduction in operating expenses is primarily due to the expiration of employment agreements. - **Other Income (Expenses):** The change in other income (expenses) is mainly due to a loss on the disposal of assets and changes in the fair value of derivative liabilities. **Future Outlook:** - **Funding:** Totaligent is seeking additional funds through debt or equity securities to support its operating requirements and future growth. - **Platform Launch:** The company's consumer-facing digital marketing platform, launched on March 5, 2025, is expected to become the main driver of revenue. - **Market Risks:** Totaligent faces risks related to its ability to manage growth, secure additional financing, and generate adequate revenues to support its business plan.