Waste Energy Corp. Reports Q1 2025 Financial Results with Revenue Growth and Reduced Losses

Waste Energy Corp. reported its financial results for the first quarter of 2025, revealing a total revenue of $41,667, generated solely from consulting services. This marks a significant increase from the same period in 2024, when the company reported no revenue. The company’s operating expenses for the quarter were $46,858, a substantial decrease from $523,192 in the prior year, primarily due to reduced stock-based compensation and other administrative costs. As a result, the net loss from operations narrowed to $5,191, compared to a loss of $523,192 in the first quarter of 2024. The overall net loss attributable to Waste Energy Corp. for the quarter was $23,068, a notable improvement from the $539,605 loss reported in the same quarter last year.

The company’s balance sheet showed a significant increase in current assets, which rose to $99,306 as of March 31, 2025, up from $35,682 at the end of 2024. This increase was primarily due to a rise in cash and cash equivalents, which reached $64,306, compared to just $682 at the end of the previous year. However, current liabilities also increased to $3,485,485 from $3,206,371, resulting in a working capital deficit of $3,386,179, compared to a deficit of $3,170,689 at the end of 2024.

Strategically, Waste Energy Corp. has shifted its focus towards the waste-to-energy sector, having discontinued operations in digital platform consulting, NFTs, and movie rights. The company is currently developing renewable energy assets, with a capital advance of $310,000 made for the construction of waste-to-energy equipment. This equipment is expected to be completed by November 2025, at which point it will be classified as property, plant, and equipment. The company is also exploring various business opportunities in the waste-to-energy industry, aiming to generate sustainable revenue streams.

Operationally, the company has reported a significant increase in cash flow from operating activities, which amounted to $339,619 for the first quarter of 2025, compared to a cash outflow of $68,971 in the same period last year. This improvement is attributed to the receipt of deferred revenue from a consulting contract. However, the company continues to face challenges, including a negative working capital position and an accumulated deficit of $49,981,485 as of March 31, 2025. Management has indicated that further losses are anticipated as the company pursues its new business strategy, raising concerns about its ability to continue as a going concern without securing additional financing.

Looking ahead, Waste Energy Corp. anticipates requiring approximately $900,000 to fund its operating expenditures over the next twelve months. The company plans to finance these needs through existing cash, loans, and potential equity financing. However, management has acknowledged the uncertainty surrounding its ability to secure funding on acceptable terms, which could impact its operational viability. The company’s future performance will depend on its ability to successfully implement its strategic initiatives in the waste-to-energy sector and manage its financial obligations effectively.