NaturalShrimp Incorporated | 10-Q: FY2025 Q2 Revenue: USD 70.37 K

Revenue: As of FY2025 Q2, the actual value is USD 70.37 K.

EPS: As of FY2025 Q2, the actual value is USD 0.

EBIT: As of FY2025 Q2, the actual value is USD -1.153 M.

Segment Revenue

• Shrimp Sales: $70,373 for the three months ended September 30, 2024, compared to $58,010 for the same period in 2023, representing an increase of approximately 12%.

Operational Metrics

• Net Loss: - $1,111,929 for the three months ended September 30, 2024, compared to - $2,646,539 for the same period in 2023.
• Operating Expenses: $1,172,405 for the three months ended September 30, 2024, a decrease of 65.2% from $3,365,779 for the same period in 2023.

Cash Flow

• Cash Used in Operating Activities: - $1,556,764 for the six months ended September 30, 2024, compared to - $2,200,446 for the same period in 2023.
• Net Change in Cash: - $72,195 for the six months ended September 30, 2024, compared to - $169,375 for the same period in 2023.

Unique Metrics

• Change in Fair Value of Warrant Liability: $19,000 for the three months ended September 30, 2024, compared to $220,000 for the same period in 2023.

Future Outlook and Strategy

• Core Business Focus: The company plans to liquidate its assets to settle outstanding debts following the approval of a motion to sell its assets to Streeterville and Bucktown Capital for a credit bid of $35.7 million and $100,000 in cash.
• Non-Core Business: The company has been placed under receivership, and its assets are being managed by Ampleo Turnaround and Restructuring, LLC, with plans to present financial statements using the liquidation basis of accounting.