NewHydrogen Reports Q1 2025 Financial Results with Increased Net Loss and No Revenue

NewHydrogen, Inc. reported its financial results for the first quarter of 2025, revealing a net loss of $476,094, a slight increase from the loss of $471,004 recorded in the same period last year. The company did not generate any revenue during this quarter, consistent with its ongoing development stage. Total operating expenses for the quarter were $476,271, which included selling and marketing expenses of $106,479, general and administrative expenses of $267,453, and research and development costs of $101,518. The increase in operating expenses was primarily attributed to higher selling and marketing costs, which rose by $31,508 compared to the previous year.

In terms of financial position, NewHydrogen's total assets decreased to $1,674,452 as of March 31, 2025, down from $2,129,685 at the end of 2024. The decline in assets was largely due to a reduction in cash reserves, which fell to $1,611,709 from $2,104,521. The company’s current liabilities increased to $12,660 from $7,975, while its shareholders' equity showed a deficit of $1,784,321, widening from a deficit of $1,363,603 at the end of the previous fiscal year.

Operationally, NewHydrogen continues to focus on developing its ThermoLoop™ technology, which aims to produce green hydrogen at a lower cost by utilizing heat instead of electricity. The company has engaged in various agreements, including a research collaboration with the University of California, Santa Barbara, to advance its hydrogen production technology. As of March 31, 2025, the company had a total of 562,500,000 stock options outstanding, with no new options granted during the quarter.

Looking ahead, NewHydrogen's management expressed confidence in its ability to meet operational needs for the next nine months, supported by existing cash balances. However, they acknowledged the necessity for additional financing to support ongoing development and operational activities. The company plans to continue seeking funding through the sale of securities to sustain its operations and advance its technology initiatives. The outlook remains cautious, with management emphasizing the importance of generating revenue and securing further financing to ensure long-term viability.