I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2024, the actual value is USD 28.61 M.
EPS: As of FY2024, the actual value is USD -0.35.
EBIT: As of FY2024, the actual value is USD -11.18 M.
Power Generation Segment
- Revenue: $28,511,593 for the year ended December 31, 2024, compared to $31,012,299 for the year ended December 31, 2023, reflecting a decrease of 8% in power generation unit and parts revenues and a 3% increase in service revenues.
- Operating Expenses: $35,365,125 for the year ended December 31, 2024, compared to $32,427,987 for the year ended December 31, 2023.
- Loss from Operations: - $6,853,586 for the year ended December 31, 2024, compared to - $1,415,688 for the year ended December 31, 2023.
Oil and Gas Segment
- Revenue: $99,028 for the year ended December 31, 2024, compared to $1,042,024 for the year ended December 31, 2023, reflecting a 90% decline due to divestitures.
- Operating Expenses: $4,428,586 for the year ended December 31, 2024, compared to $6,620,701 for the year ended December 31, 2023.
- Loss from Operations: - $4,329,558 for the year ended December 31, 2024, compared to - $5,578,677 for the year ended December 31, 2023.
Consolidated Results
- Total Revenue: $28,610,567 for the year ended December 31, 2024, compared to $32,054,323 for the year ended December 31, 2023.
- Total Operating Expenses: $39,793,711 for the year ended December 31, 2024, compared to $39,048,688 for the year ended December 31, 2023.
- Net Loss: - $70,259,894 for the year ended December 31, 2024, compared to - $18,535,067 for the year ended December 31, 2023.
Cash Flow
- Net Cash Used in Operating Activities: - $1,468,439 for the year ended December 31, 2024, compared to - $5,342,265 for the year ended December 31, 2023.
- Net Cash Provided by Investing Activities: $150,704 for the year ended December 31, 2024, compared to $661,147 for the year ended December 31, 2023.
- Net Cash Provided by Financing Activities: $526,323 for the year ended December 31, 2024, compared to $2,347,829 for the year ended December 31, 2023.
Outlook / Guidance
The Company faces substantial doubt regarding its ability to continue as a going concern due to recurring losses and a net capital deficiency. Management believes it may be able to develop new opportunities and obtain additional funds through debt and/or equity financings to facilitate its business strategy, although there is no assurance of additional funding being available.