Royalty Management Holding Corporation (RMHC) reported significant changes in its financial performance for the first quarter of 2025, as detailed in its latest 10-Q filing. The company generated total revenues of $923,223, a substantial increase from $162,100 in the same period last year, primarily driven by a new contractor services agreement for environmental services. However, RMHC recorded a net loss of $58,755 for the quarter, contrasting with a net income of $153,756 in the first quarter of 2024. This shift is attributed to increased operating expenses, which rose to $364,533 from $145,609, largely due to higher general and administrative costs and professional fees.
The company's balance sheet reflects a total asset increase to $15.7 million as of March 31, 2025, up from $15.0 million at the end of 2024. Current assets more than doubled, reaching $1.45 million, compared to $753,196 in the previous quarter. Notably, accounts receivable surged to $810,793 from $180,881, indicating a growing customer base and increased service demand. RMHC's total liabilities also rose to $1.74 million, up from $1.41 million, primarily due to increased accounts payable.
In terms of strategic developments, RMHC has made notable organizational changes, including a shift in its state of incorporation from Delaware to Florida in March 2025. The company continues to focus on acquiring assets with near and medium-term income potential, including natural resources and emerging technologies. As of the end of the reporting period, RMHC had 14,938,128 shares of common stock outstanding, reflecting a slight decrease from the previous quarter due to share repurchases.
Looking ahead, RMHC's management expressed confidence in the company's liquidity, reporting a cash balance of $132,539 and positive working capital of $126,669. However, they acknowledged the need for additional capital to support future growth initiatives. The company plans to explore opportunities for raising funds through equity or debt securities to finance its investment strategies. Despite the current net loss, management remains optimistic about the potential for revenue growth and operational improvements in the coming quarters.
About Royalty Management Holding Corp
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