Blue Line Protection Group, Inc. reported its financial results for the first quarter of 2025, revealing a revenue of $1,038,795, a decrease of 9.1% from $1,142,635 in the same period of 2024. The company's gross profit also declined to $650,271 from $765,406 year-over-year. Operating income fell significantly to $38,252 compared to $197,703 in the prior year, resulting in a net income of $3,802, down from $157,309 in the first quarter of 2024. The decline in profitability was attributed to increased general and administrative expenses, which rose to $612,019 from $567,703.
In terms of balance sheet performance, total assets decreased slightly to $1,345,368 as of March 31, 2025, from $1,355,101 at the end of 2024. Current assets increased to $753,051, primarily driven by a rise in cash and equivalents, which reached $407,958, up from $350,890. However, total liabilities also decreased to $1,951,823 from $1,988,259, reflecting a reduction in long-term liabilities. The stockholders' deficit improved to $(606,455) from $(633,158) as of December 31, 2024.
Operationally, Blue Line Protection Group continues to serve the lawful cannabis industry, providing armed protection, transportation, and compliance services. The company reported an increase in accounts payable and accrued liabilities, which rose to $251,145 from $181,196. The company maintained a consistent employee headcount of 8,250,144 common shares outstanding throughout the reporting period. The company also noted that one major customer accounted for 8.7% of total revenue for the quarter.
Looking ahead, Blue Line Protection Group is focused on strategic initiatives to enhance its service offerings and expand its market presence. The company is evaluating potential acquisitions and product launches to drive growth in the cannabis security sector. Management remains optimistic about future performance, despite the challenges faced in the current fiscal period, and is committed to improving operational efficiencies and customer engagement metrics.
About Blue Line Protection Group, Inc.
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