Bion Environmental Technologies Reports Net Loss of $511,156 for Q1 2025, Shifts Focus to Ammonia Control Solutions

Bion Environmental Technologies, Inc. reported a net loss of $511,156 for the three months ended March 31, 2025, compared to a loss of $538,145 for the same period in 2024. For the nine months ended March 31, 2025, the company recorded a net loss of $2,057,145, slightly higher than the $2,002,281 loss reported in the prior year. The company did not generate any revenue during these periods, maintaining a consistent trend from the previous fiscal year. Operating expenses for the three months totaled $480,875, down from $533,119 in the prior year, while nine-month operating expenses were $1,790,629, a decrease from $1,852,041.

Bion's financial position has deteriorated significantly, with total current assets dropping to $16,845 as of March 31, 2025, from $74,935 at the end of June 2024. Current liabilities increased to $6,797,501, up from $5,757,613, largely due to new debt and increased deferred compensation. The company's stockholders' equity deficit widened to $6,818,229, compared to a deficit of $5,808,501 in the previous fiscal year. The company has faced challenges in raising capital, which has led to delays in meeting creditor obligations and increased financial strain.

Strategically, Bion has shifted its focus from large-scale sustainable beef projects to smaller, quicker-to-develop opportunities in ammonia control solutions for biogas production facilities. This pivot follows the formation of a joint venture with Turk Stovall and Stovall Ranching Companies to develop a sustainable beef project in Montana. The company is also exploring partnerships in the industrial wastewater sector, leveraging its recently expanded patents to include industrial and municipal wastewater sources.

Operationally, Bion has faced significant challenges, including the death of its former COO and the resignation of its CEO, which have contributed to management instability. The company has implemented cost-saving measures, including deferring compensation for senior management and key employees. As of March 31, 2025, Bion had cash reserves of approximately $5,467, down from $52,212 at the end of June 2024. The company is actively seeking to raise between $3 million to $10 million in additional funding to support its operations and development projects.

Looking ahead, Bion's management has expressed optimism about the potential for its ammonia recovery technology and the growing market for sustainable agricultural practices. However, the company acknowledges the substantial risks and uncertainties it faces, including the need for significant capital to fund its operations and projects. The outlook remains cautious, with management emphasizing the importance of securing additional financing to ensure the company's survival and growth in the coming years.