Bubblr Inc. reported its financial results for the first quarter of 2025, revealing a revenue of $641,000, a significant decrease from $1.5 million in the same period of 2024. The company incurred a net loss of $278,556, which is an improvement compared to the net loss of $460,867 reported in the first quarter of the previous year. The reduction in losses is attributed to a decrease in operating expenses, which fell to $306,479 from $438,125 year-over-year, primarily due to lower general and administrative costs.
The company's total assets decreased to $1.19 million as of March 31, 2025, down from $1.23 million at the end of 2024. Current liabilities increased to $2.20 million, compared to $2.05 million in the previous quarter, leading to a current ratio that indicates a liquidity challenge, as current liabilities exceed current assets by $2.19 million. The accumulated deficit also widened to $17.31 million from $17.01 million at the end of 2024, reflecting ongoing financial pressures.
In terms of operational developments, Bubblr's user engagement metrics showed a decline, with total sales significantly lower than the previous year. The company continues to focus on its artificial intelligence products, with plans to launch a new enterprise product in the near future. The company’s employee headcount remained stable, with no significant changes reported in staffing levels. Additionally, the company has been actively managing its financial obligations, including loans payable to related parties, which increased to $1.21 million from $1.11 million.
Bubblr's management has indicated that it intends to raise additional operating funds through equity or debt offerings to support its working capital requirements. However, the company faces substantial doubt regarding its ability to continue as a going concern, as it has not yet achieved a level of revenues sufficient to generate positive cash flow from operations. The outlook for the remainder of 2025 remains uncertain, with management acknowledging the challenges in securing necessary financing and achieving operational profitability.
About Bubblr Inc.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.