Thu, May 15, 6:07 PM (37 days ago)
**Vestiage, Inc. (VEST) Q1 2025 Financial Summary** **Financial Health and Performance:** Vestiage, Inc. (VEST) reported no revenue for Q1 2025, continuing a trend from the previous year. Operating expenses decreased slightly to $6,381,000 from $6,572,000 in Q1 2024, primarily due to reduced professional and administrative fees. The company reported a net loss of $6,381,000, a marginal improvement from the $6,572,000 loss in Q1 2024. **Cash Flow:** The company used $560,000 in cash from operating activities, an increase from $150,000 in Q1 2024. This was offset by $560,000 in financing activities, primarily advances from related parties. Vestiage had no cash on hand as of March 31, 2025, and a working capital deficit of $116,751,000. **Profit Margins:** With no revenue, profit margins are not applicable. The company's operating expenses as a percentage of revenue are effectively 100%. **Earnings Changes:** There were no earnings per share, as the company reported a net loss. The weighted average number of shares outstanding was 363,578,236. **Trends and Uncertainties:** Vestiage is a developmental stage company with no established operations or revenues. It relies on debt and equity from private offerings and shareholder loans. The company faces substantial doubt about its ability to continue as a going concern due to limited capital resources and the absence of a strategic business plan. Management is actively seeking a suitable merger candidate but has not yet identified one. **Future Operations Impact:** The company's future operations will depend on its ability to secure additional financing and complete a business combination. Until then, it expects to incur moderate losses each quarter. The company's related party will continue to advance necessary capital, but there are no formal financing agreements in place. **Key Metrics:** - Revenue: $0 (Q1 2025), $0 (Q1 2024) - Net Loss: $6,381,000 (Q1 2025), $6,572,000 (Q1 2024) - Operating Expenses: $6,381,000 (Q1 2025), $6,572,000 (Q1 2024) - Cash Used in Operating Activities: $560,000 (Q1 2025), $150,000 (Q1 2024) - Cash Provided by Financing Activities: $560,000 (Q1 2025), $150,000 (Q1 2024) - Working Capital Deficit: $116,751,000 (Q1 2025), $110,370,000 (Q1 2024)