Thu, May 15, 10:18 AM (29 days ago)
**VIVIC CORP. (VIVC) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $0 for Q1 2025 (vs. $1.84M in Q1 2024). $44.2K for the nine months ended March 31, 2025. - **Profit Margins:** Negative gross margin due to no sales and increased expenses. - **Cash Flow:** Negative operating cash flow of $511.1K for the nine months ended March 31, 2025. - **Earnings Changes:** Net loss of $950.8K for Q1 2025 (vs. net income of $610.2K in Q1 2024). Net loss of $2.5M for the nine months ended March 31, 2025. - **Cash Position:** $61.6K in cash and cash equivalents as of March 31, 2025. **Key Metrics and Trends:** - **Operating Expenses:** Increased significantly due to share-based compensation and general administrative expenses. - **Going Concern Uncertainties:** Significant doubt about the company's ability to continue as a going concern due to negative cash flow, accumulated deficit, and lack of stable income. - **Future Operations Impact:** The company plans to secure additional financing and increase sales to sustain operations. **Management's Discussion:** - **Revenue:** No revenue for Q1 2025 due to lack of sales. - **Expenses:** Increased share-based compensation and general administrative expenses. - **Liquidity:** Negative cash flow from operations and reliance on related parties for financial support. - **Plan of Operation:** Seeking additional financing and increasing sales to improve financial condition. **Uncertainties and Future Outlook:** - **Financial Support:** Continued financial support from related parties and third-party investments are crucial. - **Market Risks:** No significant market risks disclosed. - **Internal Controls:** Ineffective disclosure controls and procedures due to limited resources and lack of financial expertise. **Ticker:** VIVC