BrooqLy Reports Significant Net Loss and No Revenue for Q1 2025

BrooqLy, Inc. reported its financial results for the three months ended March 31, 2025, revealing a significant net loss of $493,852, compared to a net loss of $95,656 during the same period in 2024. The company generated no revenue in the latest quarter, a decline from the $29 reported in the prior year. Operating expenses surged to $328,317, up from $90,935 in the previous year, primarily due to increased professional fees associated with the company's strategic initiatives and operational scaling efforts.

The company's financial position has deteriorated, with a working capital deficit of approximately $405,140 as of March 31, 2025. This is a notable change from the previous year, reflecting the challenges faced in generating revenue and managing operational costs. BrooqLy's total liabilities amounted to $516,024, all classified as current liabilities, indicating a pressing need for liquidity. The company has been reliant on financial support from its largest shareholder, Aerospace Capital Partners, and is actively pursuing additional capital through various financing avenues.

Strategically, BrooqLy has undergone significant changes, including a recent acquisition of aerospace assets aimed at transforming the company into a player in the drone manufacturing and autonomous logistics sectors. This acquisition, finalized on April 1, 2025, involved the purchase of assets from Vayu US and Global Autonomous Corporation, financed through convertible notes totaling approximately $14.6 million. The company anticipates that these assets will contribute to future revenue streams, although it acknowledges the uncertainty surrounding immediate income generation.

BrooqLy's operational metrics indicate a focus on expanding its market presence. The company has established partnerships in Turkey, Romania, and Greece, and is exploring opportunities in Dubai and Belgium. Despite the current lack of revenue, management is optimistic about future growth, projecting that revenues from commercial sales will begin to offset operating costs within the next twelve months. The company is also preparing for a potential listing on the NYSE and plans to file an S-1 registration statement to facilitate this process.

Looking ahead, BrooqLy's ability to continue as a going concern hinges on its success in raising capital and executing its business strategy. The company is actively working with investment banks to secure funding and is focused on scaling its operations to achieve sustainable revenue growth. While the path forward includes challenges, management remains confident in its strategic direction and the potential for long-term shareholder value creation.