Tue, May 20, 8:17 PM (33 days ago)
**Quest Water Global, Inc. (QWTR) Q1 2025 Financial Summary** Quest Water Global, Inc. (QWTR) reported a challenging first quarter for 2025, with no revenue generated and significant financial challenges. Here are the key points: **Financial Health:** - **Cash Position:** The company had $0 in cash as of March 31, 2025. - **Total Assets:** $29,721,000, primarily consisting of current assets and equipment. - **Total Liabilities:** $2,576,186,000, with a significant portion owed to related parties. - **Working Capital Deficiency:** $2,546,507,000. - **Accumulated Deficit:** $12,734,301,000. **Performance Metrics:** - **Revenue:** $0 for Q1 2025 and Q1 2024. - **Net Loss:** $141,305,000 for Q1 2025, down from $332,310,000 in Q1 2024. - **Profit Margins:** Not applicable due to zero revenue. - **Cash Flow:** Negative cash flow from operations of $193,854,000 for Q1 2025, financed by advances from related parties. **Earnings Changes:** - **Net Loss per Share:** $0.001 for Q1 2025, compared to $0.003 in Q1 2024. - **Stock-Based Compensation:** Significantly reduced, contributing to the decrease in net loss. **Quarterly Performance Discussion:** - **Expenses:** Total expenses were $141,305,000 for Q1 2025, down from $332,310,000 in Q1 2024, primarily due to a reduction in stock-based compensation. - **Management Fees:** $123,750,000 for both Q1 2025 and Q1 2024. - **Professional Fees:** $10,000,000 for Q1 2025, down from $13,932,000 in Q1 2024. **Trends and Uncertainties:** - **Going Concern:** The company's ability to continue as a going concern is dependent on continued financial support from shareholders and obtaining necessary equity financing. - **Future Operations:** Plans to address water quality and supply issues in the Democratic Republic of the Congo (DRC) and other regions, with an estimated funding requirement of $990,000 for the next 12 months. **Future Operations Impact:** - **Financing:** The company intends to meet its cash requirements through advances from related parties, debt financing, and equity financing through private placements. - **Expenditures:** Planned expenditures include equipment purchases, management fees, consulting fees, professional fees, and other general and administrative expenses. **Conclusion:** Quest Water Global, Inc. faces significant financial challenges and uncertainties. The company's ability to generate revenue and achieve profitability remains uncertain, and its continuation as a going concern is dependent on securing additional financing.