GivBux, Inc. reported its financial results for the first quarter of 2025, revealing a revenue of $66,023, a 39% increase from $47,369 in the same period of 2024. However, this figure represents a significant decline from the previous quarter's revenue of $214,008, attributed to reduced sales promotions and a focus on improving gross profit margins. The company's gross profit for the quarter was $10,873, down from $41,812 in the prior quarter, indicating a strategic shift towards profitability over sales volume.
Operating expenses for the quarter totaled $194,393, which is comparable to the $269,851 reported in the previous quarter. The increase in expenses was primarily driven by a rise in interest expenses to $111,450 and a substantial change in the fair value of derivative liabilities amounting to $231,849. As a result, GivBux recorded a net loss of $526,819 for the quarter, compared to a loss of $130,397 in the same period last year.
In terms of operational metrics, GivBux's total shares outstanding increased to 94,572,767 as of March 31, 2025, from 88,572,767 a year earlier. The company continues to face challenges with its accumulated deficit, which reached $7,480,177, and current liabilities exceeding current assets by $3,636,150. The company has indicated plans to raise additional operating funds through equity and debt offerings, although there is no assurance of success in these endeavors.
GivBux has also made strategic moves, including entering into a mutual venture agreement for a yacht charter business, although the agreement has not yet been finalized. The company is currently navigating a transition to public company status, which has introduced additional regulatory compliance requirements and operational challenges. Management has acknowledged material weaknesses in internal controls and is taking steps to address these issues, including hiring additional accounting personnel.
Looking ahead, GivBux's management remains focused on improving financial performance and operational efficiency. However, the company has expressed concerns about its ability to continue as a going concern if it cannot secure sufficient financing or achieve adequate revenue levels. The outlook remains uncertain as GivBux works to stabilize its financial position while managing the complexities of being a publicly traded entity.
About GIVBUX, INC.
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