Clean Vision Corporation Reports 79% Revenue Decline and Increased Net Loss in Q1 2025

Clean Vision Corporation reported its financial results for the first quarter of 2025, revealing a significant decline in revenue and an increase in net loss compared to the same period in 2024. The company generated revenue of $10,525, a decrease of approximately 79% from $49,692 in the first quarter of 2024. The cost of revenue also fell to $1,944, down from $2,985, resulting in a gross margin of $8,581, compared to $52,677 in the prior year. The net loss for the quarter was $3,294,817, compared to a net loss of $2,222,253 in the first quarter of 2024.

In terms of operational changes, Clean Vision's total assets increased to $17.7 million as of March 31, 2025, up from $13.1 million at the end of 2024. This growth was primarily driven by an increase in current assets, which rose to $7.8 million from $3.4 million, largely due to higher cash and prepaid expenses. However, total liabilities also increased significantly to $32.6 million, up from $25 million, reflecting a rise in convertible notes payable and derivative liabilities. The company's stockholders' deficit widened to $14.9 million from $11.9 million.

Strategically, Clean Vision has been focusing on expanding its operations in the clean energy sector, particularly through its subsidiary Clean-Seas, which is engaged in recycling plastic and tire waste into clean-burning fuels. The company has made notable acquisitions, including a 51% interest in Ecosynergie S.A.R.L. in Morocco, which began operations in April 2023. The facility in Morocco has a capacity to convert 20 tons of waste plastic per day. Additionally, Clean Vision is planning to establish a facility in Arizona, expected to process up to 500 tons of plastic feedstock by 2025.

Despite these developments, the company faces challenges, including an accumulated deficit of $52.1 million and ongoing losses. The management has indicated that the ability to continue operations is contingent upon raising additional capital and successfully executing its business plan. The company has not yet established a revenue source sufficient to cover its operating costs, raising concerns about its ability to continue as a going concern. Looking ahead, Clean Vision aims to implement its business strategy and secure funding through equity and debt financing, although the success of these efforts remains uncertain.