AQUARON ACQUISITION CORP | 10-Q: FY2025 Q1 EPS: USD -0.22

EPS: As of FY2025 Q1, the actual value is USD -0.22.

EBIT: As of FY2025 Q1, the actual value is USD -373.31 K.

Segment Revenue

• The company has not generated any operating revenues as of March 31, 2025, as it is still in the process of identifying a target company for an initial business combination.

Operational Metrics

• Net Loss: For the three months ended March 31, 2025, the company reported a net loss of $383,100, compared to a net income of $98,814 for the same period in 2024.
• General and Administrative Expenses: Increased to $464,483 for the three months ended March 31, 2025, from $79,082 for the same period in 2024.
• Franchise Tax Expenses: Decreased to $5,900 for the three months ended March 31, 2025, from $10,800 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 - $25,329, compared to - $140,171 for the same period in 2024.
• Net Cash Used in Investing Activities: For the three months ended March 31, 2025, net cash used in investing activities was - $42,211, compared to - $114,421 for the same period in 2024.
• Net Cash Provided by Financing Activities: For the three months ended March 31, 2025, net cash provided by financing activities was $60,000, compared to $281,948 for the same period in 2024.

Unique Metrics

• Interest Earned on Investments Held in Trust Account: $63,679 for the three months ended March 31, 2025, compared to $274,776 for the same period in 2024.
• Unrealized Gain on Investments Held in Trust Account: $33,391 for the three months ended March 31, 2025, compared to $143,038 for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company is focused on completing a business combination by August 6, 2025, and is considering extending the period if necessary. The company is also evaluating additional financing options to complete the business combination.
• Non-Core Business: The company has entered into a merger agreement with Huture Ltd., which implies a current equity value of Huture at $1.0 billion prior to the closing of the mergers.
• Priority: The company is prioritizing the completion of the business combination and addressing the delisting from Nasdaq, which raises substantial doubt about its ability to continue as a going concern.