---
title: "Quetta Acquisition | 10-Q: FY2025 Q1 EPS: USD -0.04"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/238612904.md"
datetime: "2025-05-02T20:06:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/238612904.md)
  - [en](https://longbridge.com/en/news/238612904.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/238612904.md)
generator: "portal-rs"
---

# Quetta Acquisition | 10-Q: FY2025 Q1 EPS: USD -0.04

EPS: As of FY2025 Q1, the actual value is USD -0.04.

### Segment Revenue

-   The company has not generated any operating revenues as of March 31, 2025, and expects to generate non-operating income in the form of interest income from the proceeds derived from the IPO.

### Operational Metrics

-   **Net Income (Loss)**: For the three months ended March 31, 2025, the company reported a net loss of - $193,671, compared to a net income of $611,704 for the same period in 2024.
-   **Formation and Operational Costs**: Increased to $377,102 for the three months ended March 31, 2025, from $77,029 for the same period in 2024.
-   **Related Party Administrative Fees**: Remained constant at $30,000 for both periods.
-   **Franchise Tax Expense**: Decreased to $10,000 in 2025 from $16,200 in 2024.

### Cash Flow

-   **Operating Cash Flow**: Net cash used in operating activities was - $1,380,816 for the three months ended March 31, 2025, compared to - $44,372 for the same period in 2024.
-   **Investing Cash Flow**: Net cash provided by investing activities was $54,972,224 for the three months ended March 31, 2025.
-   **Financing Cash Flow**: Net cash used in financing activities was - $54,902,224 for the three months ended March 31, 2025.

### Unique Metrics

-   **Investments Held in Trust Account**: As of March 31, 2025, the company had $18,417,128 in investments held in the Trust Account, down from $73,115,355 as of December 31, 2024.

### Future Outlook and Strategy

-   **Core Business Focus**: The company plans to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities, focusing on target businesses in Asia.
-   **Non-Core Business**: The company has entered into a Merger Agreement with KM QUAD, a Cayman Islands company, to acquire Jiujiang Lida Technology Co., Ltd., a film product design and manufacturer in China. The aggregate consideration for the Acquisition Merger is $300 million, payable in newly issued purchaser ordinary shares valued at $10.00 per share.
-   **Priority**: The company has extended the deadline to complete its initial business combination to October 10, 2026, with the possibility of monthly extensions by depositing $60,000 into the trust account for each extension.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**