Revenue: As of FY2025 Q1, the actual value is USD 2.954 M.

EPS: As of FY2025 Q1, the actual value is USD -0.14.

EBIT: As of FY2025 Q1, the actual value is USD -9.59 M.

Segment Revenue

• Land and Water Resources: Revenue for the three months ended March 31, 2025, was $565,000, compared to $636,000 for the same period in 2024.
• Water Filtration Technology: Revenue for the three months ended March 31, 2025, was $2,389,000, compared to $485,000 for the same period in 2024.

Operational Metrics

• Operating Loss: For the three months ended March 31, 2025, the operating loss was -$7,533,000, compared to -$4,908,000 for the same period in 2024.
• General and Administrative Expenses: Totaled $8,107,000 for the three months ended March 31, 2025, compared to $4,730,000 for the same period in 2024.
• Cost of Sales: Totaled $2,078,000 for the three months ended March 31, 2025, compared to $1,004,000 for the same period in 2024.

Cash Flow

• Net Cash Used in Operating Activities: -$3,644,000 for the three months ended March 31, 2025, compared to -$2,873,000 for the same period in 2024.
• Net Cash Used in Investing Activities: -$6,289,000 for the three months ended March 31, 2025, compared to -$186,000 for the same period in 2024.
• Net Cash Provided by Financing Activities: $16,835,000 for the three months ended March 31, 2025, compared to $17,769,000 for the same period in 2024.

Unique Metrics

• ATEC Sales: ATEC sales contributed $2.4 million to revenue during the three months ended March 31, 2025, compared to $0.5 million during the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: Cadiz Inc. plans to continue developing its water supply, storage, and conveyance assets, with an estimated $800 million required to complete the Mojave Groundwater Bank, including pipeline conversion and construction.
• Non-Core Business: The company is exploring partnerships and financing options, including potential bond issuances, to fund the remaining construction costs of the Mojave Groundwater Bank.
• Priority: Cadiz Inc. has entered into letters of intent with potential investors for up to $425 million to fund the Mojave Water Infrastructure Company, LLC, which will contribute to the development of the Mojave Groundwater Bank.