EPS: As of FY2025 Q1, the actual value is USD -0.15.<h3>Segment Revenue</h3><ul><li>The company did not generate any operating revenues for the three months ended March 31, 2025, as it is a blank check company focused on completing a business combination.</li></ul><h3>Operational Metrics</h3><ul><li>Net Loss: The company reported a net loss of $427,465 for the three months ended March 31, 2025, compared to a net loss of $28,219 for the same period in 2024.</li><li>Operating Costs: Operating costs decreased to $347,370 for the three months ended March 31, 2025, from $420,052 for the same period in 2024.</li><li>Interest Income: Interest income on the trust account was $28,720 for the three months ended March 31, 2025, compared to $366,203 for the same period in 2024.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Used in Operating Activities: The company used $204,706 in operating activities for the three months ended March 31, 2025, compared to $162,171 for the same period in 2024.</li><li>Net Cash Provided by Investing Activities: The company provided $2,630,403 in investing activities for the three months ended March 31, 2025, compared to $15,381,523 for the same period in 2024.</li><li>Net Cash Used in Financing Activities: The company used $2,416,262 in financing activities for the three months ended March 31, 2025, compared to $15,089,449 for the same period in 2024.</li></ul><h3>Unique Metrics</h3><ul><li>Warrant Liability: The fair value of the private warrants was $6,090 as of March 31, 2025, down from $12,180 as of December 31, 2024.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company is focused on completing its initial business combination with VisionWave Technologies, Inc. by June 14, 2025. The business combination is expected to close in the second quarter of 2025, subject to customary closing conditions.</li><li>Non-Core Business: The company has entered into a non-exclusive placement agent engagement agreement with Maxim Group LLC to potentially raise up to $10 million in equity or equity-linked securities.</li><li>Priority: The company has deferred certain transaction costs and obligations associated with its proposed business combination until after the closing, providing financial flexibility to focus on completing the transaction.</li></ul>

BNIX

Bannix Acquisition | 10-Q: FY2025 Q1 EPS: USD -0.15