Fri, May 16, 7:25 PM (38 days ago)
**TurnOnGreen, Inc. (TOG) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $1,592,000 (up 30% from $1,225,000 in Q1 2024). - **Gross Profit:** $730,000 (up 31% from $558,000 in Q1 2024). - **Operating Loss:** $(410,000) (improved from $(666,000) in Q1 2024). - **Net Loss:** $(541,000) (improved from $(735,000) in Q1 2024). - **Cash Position:** $0 (down from $27,000 in Q1 2024). **Profit Margins:** - **Gross Margin:** 46% (up from 45% in Q1 2024). - **Operating Margin:** -26% (improved from -54% in Q1 2024). **Cash Flow:** - **Net Cash Used in Operating Activities:** $(620,000) (improved from $(804,000) in Q1 2024). - **Net Cash Provided by Financing Activities:** $593,000 (down from $893,000 in Q1 2024). **Earnings Changes:** - **Net Loss per Share:** $(0.00) (improved from $(0.01) in Q1 2024). **Quarterly Performance Discussion:** - Revenue growth driven by increased sales in defense and EV sectors. - Gross profit improvement due to higher sales and reduced obsolete inventory expenses. - Operating loss reduction attributed to increased gross profit and decreased selling and marketing expenses. - Net loss improvement due to increased gross profit and decreased selling and marketing expenses, partially offset by increased interest expenses. **Trends and Uncertainties:** - Continued reliance on related party financing. - Substantial doubt about the ability to continue as a going concern. - Material weaknesses in internal control over financial reporting. **Future Operations Impact:** - Plans to finance future development and working capital needs through equity sales and term notes. - Ongoing efforts to remediate material weaknesses in internal controls. - Focus on enhancing revenue recognition controls and complex financial instrument accounting.