Tue, Jun 17, 4:16 PM (26 days ago)
**Strategic Environmental & Energy Resources, Inc. (SEER) - Q1 2025 Financial Summary** **Company Overview:** Strategic Environmental & Energy Resources, Inc. (SEER) is a provider of clean-technologies, waste management innovations, and related services. SEER operates through several subsidiaries, focusing on environmental solutions and renewable energy technologies. **Financial Performance (Q1 2025 vs. Q1 2024):** - **Revenue:** Total revenue increased by approximately 10% to $1,054,600 (Q1 2025) from $989,800 (Q1 2024). This growth was driven by improved project progress and utilization. - **Operating Expenses:** Operating expenses remained relatively stable at approximately $1,255,000 (Q1 2025) compared to $1,244,700 (Q1 2024). - **Net Loss:** The net loss from continuing operations was consistent at approximately $447,500 (Q1 2025) and $356,800 (Q1 2024). The net loss attributable to SEER common stockholders was approximately $446,600 (Q1 2025) and $352,200 (Q1 2024). - **Cash Flow:** The company experienced negative cash flow from operating activities, with $208,300 used in Q1 2025 compared to $182,900 in Q1 2024. Financing activities also resulted in a net outflow of $316,600 (Q1 2025) compared to an inflow of $162,900 (Q1 2024). **Financial Health and Uncertainties:** - **Going Concern:** SEER has experienced recurring losses and has an accumulated deficit of approximately $36.6 million as of March 31, 2025. The company's current liabilities exceed current assets by approximately $13.5 million, raising substantial doubt about its ability to continue as a going concern. - **Debt and Financing:** SEER has several past-due notes and is in discussions with lenders to resolve these issues. The company is exploring various financing options to secure additional working capital and achieve profitability. - **Customer Concentration:** A significant portion of SEER's revenue comes from a small number of customers, which poses a risk if these customers face financial difficulties or cease operations. **Future Operations and Impact:** - **Growth Strategies:** SEER is focusing on organic growth within its operating companies, improving margins through pricing strategies, cost management, and overhead reductions. The company is also increasing business development efforts to capitalize on expanding markets in energy conservation and emission control. - **Technological Advancements:** SEER continues to develop and market proprietary technologies, such as the CoronaLux™ waste destruction technology and biochar production, to enhance its competitive position. **Conclusion:** SEER faces significant financial challenges but is taking steps to improve its operational efficiency and secure additional financing. The company's focus on clean-technologies and renewable energy solutions positions it to capitalize on growing market opportunities, provided it can overcome its current financial hurdles.