Strategic Environmental & Energy Resources Reports 10% Revenue Growth but Increased Net Loss in Q1 2025

Strategic Environmental & Energy Resources, Inc. (SEER) reported its financial results for the first quarter of 2025, revealing total revenues of $1.1 million, a 10% increase from $1.0 million in the same period last year. The growth in revenue was primarily driven by improved project progress and utilization in product sales, which accounted for $1.05 million of the total revenue. Despite the increase in revenue, the company recorded a net loss of $447,500, compared to a loss of $353,100 in the prior year, reflecting ongoing challenges in achieving profitability.

The company's operating expenses remained relatively stable, totaling approximately $1.26 million for the first quarter of 2025, compared to $1.24 million in the same period of 2024. The consistency in operating expenses was attributed to similar costs in product costs, general and administrative expenses, and salaries. However, interest expenses increased to $247,100 from $221,900 year-over-year, contributing to the overall net loss. SEER's accumulated deficit as of March 31, 2025, stood at approximately $36.6 million, raising concerns about its ability to continue as a going concern.

In terms of operational developments, SEER's accounts receivable increased significantly to $992,700 from $591,000, indicating a rise in sales activity. The company also reported a working capital deficit of approximately $13.5 million, as current liabilities exceeded current assets. The company has been focusing on organic growth and cost management strategies, including the discontinuation of its media production operations under its subsidiary, SEM, which had historically low margins. This strategic shift aims to enhance overall profitability and streamline operations.

SEER's financial position reflects a total asset value of $1.56 million, up from $1.46 million at the end of 2024. However, total liabilities also increased to $16.72 million from $16.41 million, primarily due to higher accounts payable and accrued liabilities. The company continues to explore various financing options to support its operations and has raised approximately $12,000 from short-term and long-term debt during the quarter. Looking ahead, SEER aims to leverage its existing technologies and expand its market presence, particularly in renewable energy and waste management sectors, while addressing the challenges posed by its current financial condition.