KINDLY MD INC C/WTS 31/05/2029 (TO PUR COM) | 10-Q: FY2025 Q1 Revenue: USD 579.66 K
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2025 Q1, the actual value is USD 579.66 K.
EPS: As of FY2025 Q1, the actual value is USD -0.17.
EBIT: As of FY2025 Q1, the actual value is USD -1.038 M.
Segment Revenue
- Patient Care Services: Revenue decreased to $570,936 for the three months ended March 31, 2025, from $785,843 for the same period in 2024.
- Product Retail Sales: Revenue decreased significantly to $823 for the three months ended March 31, 2025, from $43,186 for the same period in 2024.
- Service Affiliate Agreements: Revenue was $7,896 for the three months ended March 31, 2025, with no comparable revenue in 2024.
Operational Metrics
- Net Loss: The net loss increased to - $1,038,011 for the three months ended March 31, 2025, compared to - $282,326 for the same period in 2024.
- Operating Expenses: Total operating expenses increased to $1,621,396 for the three months ended March 31, 2025, from $1,066,156 for the same period in 2024.
- Salaries and Wages: Increased by $295,211, or 41.7%, to $1,003,177 for the three months ended March 31, 2025.
- General and Administrative Expenses: Increased by $302,309, or 104.2%, to $592,437 for the three months ended March 31, 2025.
Cash Flow
- Net Cash Used in Operating Activities: - $865,083 for the three months ended March 31, 2025, compared to - $213,439 for the same period in 2024.
- Net Cash Used in Investing Activities: - $173,448 for the three months ended March 31, 2025, compared to - $11,182 for the same period in 2024.
- Net Cash Used in Financing Activities: - $94,519 for the three months ended March 31, 2025, compared to - $13,496 for the same period in 2024.
Future Outlook and Strategy
- Core Business Focus: Kindly MD aims to increase cash reserves and liquidity through strategic transactions and optimize revenue by increasing sales, improving margins, and controlling ongoing operating expenses.
- Non-Core Business: No specific plans related to divestitures or emerging segments were mentioned.
Unique Metrics
- Insurance Reimbursements: The company earned $85,273 in reimbursements from insurance payers during the three months ended March 31, 2025, a 145.6% increase from the $34,772 earned during the same period in 2024.
