Wed, Apr 9, 10:01 AM (12 days ago)
X1 Capital Inc. (X1) reported its Q2 2025 financial performance, highlighting a stable financial position with no significant changes in revenue or expenses. The company remains pre-revenue, with total assets and net assets both at $6,005,000. Cash and cash equivalents increased by $5,000 due to a bank transaction, which will be refunded upon the Initial Close. The company has 240 shares of common stock outstanding, with a net asset value per share of $25.00. Key financial metrics include: - **Revenue**: $0 (pre-revenue) - **Profit Margins**: N/A (pre-revenue) - **Cash Flow**: Positive cash flow from operating activities of $5,000 - **Earnings Changes**: No change in earnings, as the company is pre-revenue - **Quarterly Performance**: Stable financial position with no significant changes X1's future operations will focus on three main strategies: 1. Providing bridge loans to private companies awaiting government-guaranteed loans. 2. Acquiring and warehousing BDC-qualified loans for resale. 3. Offering bridge financing for tax credit and incentive programs. The company faces uncertainties related to economic downturns, credit availability, interest rate volatility, and regulatory changes. X1 plans to mitigate these risks through strategic investments and maintaining a strong financial position. The company's future performance will depend on its ability to execute its investment strategy and navigate market uncertainties.