Fri, Jun 6, 8:29 PM (16 days ago)
**T-REX Acquisition Corp. (TREX) - Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** T-REX reported $8,226 in revenue for Q1 2025, a significant increase from $0 in Q1 2024, driven by the commencement of mining and co-location operations at the Orofino facility. - **Net Loss:** The company incurred a net loss of $393,688 for Q1 2025, compared to a net loss of $245,713 in Q1 2024. The increase in net loss is primarily due to higher share-based compensation and increased revenues. - **Operating Expenses:** Operating expenses for Q1 2025 were $375,255, down from $235,762 in Q1 2024, mainly due to decreases in share-based compensation and administration fees. - **Interest Expense:** Interest expense for Q1 2025 was $16,246, up from $9,951 in Q1 2024. - **Cash Flow:** For the nine months ended March 31, 2025, net cash used in operating activities was $506,679, compared to $486,495 in the same period in 2024. Cash used in investing activities was $251,553, while net cash provided by financing activities was $759,067. - **Liquidity:** As of March 31, 2025, T-REX had current assets of $114,775 and current liabilities of $1,902,443, resulting in a working capital deficit of $1,787,668. **Profit Margins and Cash Flow:** - **Gross Margin:** The company reported a gross loss of $3,640 for Q1 2025, compared to a gross loss of $13,286 in Q1 2024. - **Operating Margin:** The operating margin for Q1 2025 was negative, with a loss from operations of $378,895, compared to a loss of $235,762 in Q1 2024. - **Cash Flow from Operations:** Net cash used in operating activities for the nine months ended March 31, 2025, was $506,679. **Earnings Changes and Quarterly Performance:** - **Revenue Growth:** The increase in revenue is primarily attributable to the commencement of mining and co-location operations at the Orofino facility. - **Expense Management:** The decrease in operating expenses was mainly due to decreases in share-based compensation and administration fees. **Trends and Uncertainties:** - **Revenue Trends:** The company's revenue is expected to grow as it expands its mining and co-location operations. - **Expense Trends:** Operating expenses are expected to increase in line with the growth of the business. - **Uncertainties:** The company faces significant uncertainties, including the need to raise additional funds and the ability to generate sufficient revenues to support its operations. **Future Operations and Impact:** - **Funding:** T-REX intends to meet its liquidity requirements through cash flow provided by funds raised through the issuance of debt or equity. - **Expansion:** The company plans to expand its business operations and increase its mining and co-location facilities. **Going Concern:** - **Financial Condition:** As of March 31, 2025, T-REX had a net loss of $1,122,930 for the nine months ended, an accumulated deficit of $8,146,728, and a working capital deficit of $1,787,668. The company's cash position is inadequate to support its daily operations, and there is substantial doubt about its ability to continue as a going concern.