NaturalShrimp Incorporated | 10-Q: FY2025 Q3 Revenue: USD 163.49 K

Revenue: As of FY2025 Q3, the actual value is USD 163.49 K.

EPS: As of FY2025 Q3, the actual value is USD -0.01.

EBIT: As of FY2025 Q3, the actual value is USD -6.285 M.

Segment Revenue

• Shrimp sales were $56,501 for the three months ended December 31, 2024, compared to $101,302 for the same period in 2023. For the nine months ended December 31, 2024, shrimp sales were $163,492 compared to $190,184 in 2023. Technology and equipment services revenue was $0 for the three months ended December 31, 2024, and $175,000 for the nine months ended December 31, 2023.

Operational Metrics

• Net loss was - $2,370,724 for the three months ended December 31, 2024, compared to - $5,402,064 for the same period in 2023. For the nine months ended December 31, 2024, net loss was - $6,285,201 compared to - $10,347,034 in 2023.
• Operating expenses were $2,050,194 for the three months ended December 31, 2024, compared to $2,351,293 for the same period in 2023. For the nine months ended December 31, 2024, operating expenses were $5,288,027 compared to $8,176,090 in 2023.
• Interest expense was - $334,060 for the three months ended December 31, 2024, compared to - $18,033 for the same period in 2023. For the nine months ended December 31, 2024, interest expense was - $355,039 compared to - $59,444 in 2023.

Cash Flow

• Net cash used in operating activities was - $2,112,033 for the nine months ended December 31, 2024, compared to - $2,857,801 for the same period in 2023.
• Net cash provided by investing activities was $117,712 for the nine months ended December 31, 2024, compared to - $8,640 for the same period in 2023.
• Net cash provided by financing activities was $1,899,777 for the nine months ended December 31, 2024, compared to $2,686,291 for the same period in 2023.

Unique Metrics

• Change in fair value of restructured notes was - $720,000 for the nine months ended December 31, 2024, compared to - $2,512,366 for the same period in 2023.
• Change in fair value of warrant liability was $24,000 for the nine months ended December 31, 2024, compared to $337,050 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 the motion to sell its assets to Streeterville and Bucktown Capital for an approximate credit bid of $35.7 million and $100,000 in cash. The company will present its financial statements using the liquidation basis of accounting.
• Non-Core Business: The company has been placed under receivership, and the receiver has filed a motion to sell all of the company’s assets. The sale was approved, and the title to the assets was transferred to the lenders on May 14, 2025.