CEA INDUSTRIES INC C/WTS 11/02/2027 (TO PUR COM) | 10-Q: FY2025 Q1 Revenue: USD 713.46 K
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2025 Q1, the actual value is USD 713.46 K.
EPS: As of FY2025 Q1, the actual value is USD -1.33.
Segment Revenue
- Equipment and Systems Sales: Revenue for the three months ended March 31, 2025 was $608,000, compared to $113,172 for the same period in 2024.
- Engineering and Other Services: Revenue for the three months ended March 31, 2025 was $78,392, compared to $88,165 for the same period in 2024.
- Shipping and Handling: Revenue for the three months ended March 31, 2025 was $1,967, compared to $1,904 for the same period in 2024.
- Forfeited Non-Refundable Customer Deposits: Revenue for the three months ended March 31, 2025 was $25,101, compared to $31,265 for the same period in 2024.
Operational Metrics
- Net Loss: The net loss for the three months ended March 31, 2025 was $1,068,578, compared to $916,603 for the same period in 2024.
- Gross Profit: Gross profit for the three months ended March 31, 2025 was $39,287, compared to a gross loss of $154,375 for the same period in 2024.
- Operating Loss: Operating loss for the three months ended March 31, 2025 was $1,073,837, compared to $923,809 for the same period in 2024.
Cash Flow
- Net Cash Used in Operating Activities: For the three months ended March 31, 2025, net cash used in operating activities was - $745,473, compared to - $909,415 for the same period in 2024.
Unique Metrics
- Backlog: As of March 31, 2025, the backlog was $844,000, an increase of $354,000 from the backlog of $490,000 at December 31, 2024.
Future Outlook and Strategy
- Core Business Focus: The company plans to continue focusing on selling environmental control and other technologies to the Controlled Environment Agriculture industry, aiming to optimize horticultural resources and improve crop quality and yield.
- Non-Core Business: The acquisition of Fat Panda Ltd. is expected to be completed in the first half of 2025, subject to customary closing conditions. Fat Panda is a major retailer and manufacturer of e-cigarettes, vape devices, and e-liquids in central Canada.