Fri, May 16, 2:40 PM (36 days ago)
**Winvest Group Ltd. (WNLV) Q1 2025 Financial Summary** **Financial Health and Performance:** Winvest Group Ltd. (WNLV) reported a net loss of $147,946,000 for Q1 2025, compared to a loss of $121,578,000 in Q1 2024. The company had no revenue for Q1 2025, down from $64,840,000 in Q1 2024. Operating expenses increased to $146,352,000 from $97,743,000, driven by higher administrative and professional fees. **Profit Margins:** The company operates at a significant loss, with no gross profit reported for Q1 2025. The operating margin is negative, reflecting the company's ongoing operational challenges. **Cash Flow:** Net cash used in operating activities was $152,382,000 for Q1 2025, up from $112,686,000 in Q1 2024. Net cash provided by financing activities was $168,075,000, slightly down from $170,560,000 in the prior year. The company ended the quarter with $197,215,000 in cash. **Earnings Changes:** The company's net loss per share remained at $0.00 for both periods, despite the increase in net loss due to the significant number of outstanding shares. **Trends and Uncertainties:** Winvest Group faces substantial uncertainties, including the need to raise additional funds to continue operations. The company is exploring various financing options, including institutional investors, private placements, and joint ventures. The company's ability to continue as a going concern is in doubt, given its accumulated deficit of $105,949,546,000 and working capital deficit of $1,144,951,000 as of March 31, 2025. **Future Operations Impact:** The company's future operations will depend on its ability to secure additional financing and generate revenue. The company is focused on diversifying its funding base and reducing dependency on affiliate financing. Management believes that successful efforts in these areas will enable the company to continue as a going concern. **Key Financial Metrics (in 000s):** - **Revenue:** $0 (Q1 2025) vs. $64,840 (Q1 2024) - **Net Loss:** $147,946 (Q1 2025) vs. $121,578 (Q1 2024) - **Operating Expenses:** $146,352 (Q1 2025) vs. $97,743 (Q1 2024) - **Cash Flow from Operations:** -$152,382 (Q1 2025) vs. -$112,686 (Q1 2024) - **Cash Flow from Financing:** $168,075 (Q1 2025) vs. $170,560 (Q1 2024) - **Cash Balance:** $197,215 (Q1 2025) vs. $181,522 (Q1 2024) **Conclusion:** Winvest Group Ltd. continues to face significant financial challenges, with increasing operating losses and a need for additional financing. The company's ability to continue as a going concern is uncertain, and its future operations will depend on its success in securing new funding and generating revenue.