Waste Energy Corp. reported fiscal 2025 revenue of $424K and a net loss attributable to the company of $(1.08M), an improvement from a $(2.88M) loss in 2024; diluted loss per share was $(0.01) in both years.
Financial Highlights
- Revenue was $424K for FY 2025, compared with $0 in FY 2024 (NA YoY).
- Net income (loss) — net loss attributable to Waste Energy — was $(1.08M) for FY 2025, improved from $(2.88M) in FY 2024 (62.6% reduction in loss).
- Diluted earnings per share (basic & diluted) was loss of $(0.01) for FY 2025, unchanged from $(0.01) in FY 2024.
Business Highlights
- Strategic pivot: The company shifted mid-2024 from blockchain and film services to a waste-to-energy focus and discontinued prior business lines.
- Revenue recognition resumed in 2025, driven by consulting and material fees after no revenue in 2024.
- Operational investment: The company paid a $653K deposit for a waste-to-energy machine; construction remains incomplete and custody has not transferred.
- Cost reduction: General and administrative expenses fell in 2025 versus 2024 due to reduced platform development and marketing spend.
- Near-term funding: Management plans equity and debt raises plus related-party loans to fund operations and cover projected ~$900K G&A needs.
Original SEC Filing:
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