Financial Outlook Summary for Smart Powerr Corp.
Cash Position
- Cash on Hand (Dec 31, 2023): $32,370
- Cash on Hand (Mar 31, 2024): $68,577,267
Quarterly Cash Spending (Q1 2024)
- Operating Activities: $(183,519)
Revenue
- Q1 2024: $0
- Q1 2023: $0
Outstanding Shares
- As of Dec 31, 2023: 7,963,444 shares
- As of Mar 31, 2024: 8,128,525 shares
Insider Ownership
- Guohua Ku: 1,154,477 shares (15.12%)
- Other Executive Officers and Directors (7 total): 1,154,477 shares (15.12%)
Senior Notes
- Outstanding Principal Balance: $5,222,743
- Accrued Interest: $2,290
- Conversion Price: Example given, approximately $2.10 per share
Financial Analysis
Liquidity Position Smart Powerr Corp significantly increased its cash on hand from $32,370 at the end of 2023 to $68,577,267 by the end of Q1 2024. This improvement primarily resulted from cash inflows related to short-term loan receivables and a strategic focus on maintaining liquidity.
Revenue Generation The company reported no revenue for Q1 2024 and Q1 2023, indicating a current lack of operational income streams. This situation underscores the importance of the company’s ongoing transformation and expansion into the energy storage integrated solution provider business, which may take time to generate revenue.
Cash Flow and Spending The company used $183,519 in operating activities during Q1 2024, reflecting expenditures related to administrative expenses and adjustments for non-cash items. Despite the current lack of revenue, the company has managed its operating expenses to align with its cash flow capabilities.
Shareholder and Insider Dynamics The number of outstanding shares increased slightly from 7,963,444 to 8,128,525, reflecting share issuances likely related to note conversions and employee compensation. Insider ownership remains significant, with key executives holding a considerable portion of the company’s shares, which aligns their interests with those of the broader shareholder base.
Debt and Convertible Notes Smart Powerr Corp has an outstanding principal balance of $5,222,743 in senior notes with accrued interest of $2,290. The notes have been converted into common stock at an approximate price of $2.10 per share in some instances, indicating a manageable debt position and the potential for further equity conversions.
Strategic Outlook
Smart Powerr Corp is in a transitional phase, focusing on transforming and expanding its business into the energy storage sector. The substantial cash increase and controlled operating expenditures provide a solid foundation for this strategic pivot. However, the company must accelerate its efforts to generate operational revenue and fully leverage its investments in new technologies and market opportunities.
Overall, the company’s financial health appears stable in the short term, with sufficient liquidity to support ongoing operations and strategic initiatives. The lack of current revenue highlights the critical need for successful execution of its expansion plans to achieve long-term sustainability and growth.
5D OR JD . VERY NEPTUNIAN WHICH FITS IN LINE WITH THE FUTURISTIC TECHNOLOGY OF TURNING WASTE SWEAGE INTO ENERGY.
BORN ON A THURSDAY IF WE GO WITH JD CURRENTLY WE HAVE AGE 47 ON FOR OUR WEEKLY SPREAD. I KNOW AGE 52 IS PROPTIOUS.
5D YEARLY AGE 22 AND WEEKLY AGE OF 14,
IF WE GO WITH 5D. BORN ON THURSDAY WHICH IS SAME AS JD! 5/8
AGE 22 DISP 7C AGE 14 DISPLACE 9C. WE HAVE A WEENER.
AGE 22 URANUS PERIOD QH AGE 15 DISP QH.BOTH CARDS MATCH FOR A HINT AT A POSSIBLE SIGNIFICANT EVENT ON THURSDAY 5/24/2024
