EPS: As of FY2025 Q1, the actual value is USD -0.2.

Segment Revenue

• Revenue for the three months ended March 31, 2025, was $0, compared to $58,351 for the same period in 2024, reflecting a decrease of 100% due to a pause in manufacturing of the Vanish as the company focuses on re-engineering the vehicle.

Operational Metrics

• Net Income (Loss): The company reported a net income of $845,011 for the three months ended March 31, 2025, compared to a net loss of - $3,638,752 for the same period in 2024, an improvement of $4,483,763.
• Operating Expenses: Total operating expenses decreased to $1,973,552 for the three months ended March 31, 2025, from $4,091,098 for the same period in 2024, a reduction of $2,117,546.
• Research and Development: R&D expenses were $307,730 for the three months ended March 31, 2025, down from $760,417 in 2024, a decrease of $452,687 or 60%.
• General and Administrative: These expenses were $1,665,822 for the three months ended March 31, 2025, compared to $3,062,326 in 2024, a decrease of $1,396,504 or 46%.

Cash Flow

• Operating Cash Flow: Net cash used in operating activities was - $1,476,150 for the three months ended March 31, 2025, compared to - $4,682,044 for the same period in 2024, a decrease in use of $3,205,894.
• Investing Cash Flow: Net cash provided by investing activities was $1,749,462 for the three months ended March 31, 2025, compared to - $23,298,533 used in 2024.
• Financing Cash Flow: Net cash used in financing activities was - $3,545,971 for the three months ended March 31, 2025, compared to $0 in 2024.

Unique Metrics

• Change in Fair Value - Derivative Liability: The company recorded a gain of $1,531,000 for the change in fair value of derivative liability for the three months ended March 31, 2025, compared to $9,000 in 2024.
• Change in Fair Value - Warrant Liability: A gain of $1,080,600 was recorded for the change in fair value of warrant liability for the three months ended March 31, 2025, compared to $1,072,800 in 2024.

Future Outlook and Strategy

• Core Business Focus: The company aims to develop and commercialize sustainable electric transportation solutions, focusing on under-served markets with purpose-built electric vehicles. It plans to invest in R&D for sensors, cameras, and software to enhance vehicle value and create new revenue streams.
• Non-Core Business: The company is exploring strategic partnerships and acquisitions to expand its market presence and is evaluating other segments of the electric vehicle market for potential capital deployment.