AmeriTrust Financial Technologies (AMT) Q1 2025 earnings summary

Executive summary

• Reported a net loss of $1,165,214 for Q1 2025, an improvement from a $1,504,648 loss in Q1 2024.

• Revenue for Q1 2025 was $438,812, down from $627,332 in Q1 2024 and $477,232 in Q4 2024.

• Operating loss before other income was $2,902,906 in Q1 2025, compared to $1,304,472 in Q1 2024.

• Significant gain on settlement of debt of $1,873,321 recognized in Q1 2025.

• No discontinued operations impact in Q1 2025; all loss attributable to continuing operations.

Financial highlights

• Gross profit for Q1 2025 was $157,976, down from $337,034 in Q1 2024 and $317,304 in Q4 2024.

• Share-based compensation expense increased to $962,484 in Q1 2025 from $5,971 in Q1 2024.

• Cash and cash equivalents at March 31, 2025, were $7,874,401, down from $10,231,191 at December 31, 2024.

• Total assets decreased to $10,014,472 at March 31, 2025, from $12,619,067 at December 31, 2024.

• Total liabilities decreased to $4,600,367 at March 31, 2025, from $6,998,135 at December 31, 2024.

Outlook and guidance

• Management anticipates the need for future financing to support working capital and operations.

• Material uncertainties exist regarding the company's ability to continue as a going concern.