Miami Breeze Car Care Inc. reported significant financial growth in its latest quarterly filing, with revenues reaching $79,270 for the three months ended March 31, 2025, compared to just $1,703 during the same period in 2024. This remarkable increase of 4,555% is attributed primarily to the acquisition of Gin City Group, Inc. and its subsidiary, Gincity GmbH, completed on February 28, 2025. The cost of sales also rose sharply to $15,179 from $959, resulting in a gross profit of $64,091, up from $744 in the previous year.
The company's operating expenses increased to $250,449, a 96.4% rise from $127,493 in the prior year. This increase was driven by higher professional fees related to the acquisition, which accounted for approximately $93,000 of the total. Despite the surge in revenues, Miami Breeze reported a net loss of $176,487 for the quarter, compared to a loss of $127,417 in the same quarter of 2024. The loss per share was $(0.01), reflecting the ongoing challenges in achieving profitability.
In terms of operational developments, Miami Breeze's total assets surged to $1.69 million as of March 31, 2025, up from $12,874 at the end of 2024. This increase was largely due to the assets acquired from Gin City Group, which included cash, inventory, and property. The company also reported a working capital deficit of $189,222, indicating ongoing liquidity challenges. The total liabilities increased significantly to $1.41 million, primarily due to the acquisition payable and lease liabilities associated with the new subsidiary.
Looking ahead, Miami Breeze plans to enhance its marketing efforts, particularly through digital advertising, to drive sales growth. The company has estimated expenses of $870,000 for the next twelve months, which includes costs for SEC reporting, working capital, and marketing. However, management has expressed concerns regarding its ability to continue as a going concern without securing additional capital. The company is actively seeking financing options to support its operations and growth strategy, emphasizing the need for successful execution of its plans to avoid curtailing operations in the future.
About MIAMI BREEZE CAR CARE INC
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