DHCC
Diamondhead Casino Corporation0.0003
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
10.89KP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
8-K
Involuntary Chapter 7 bankruptcy ordered
Diamondhead Casino Corporation lost its fight against an involuntary Chapter 7 bankruptcy petition filed by creditors seeking $2,422,500, with the Delaware court denying dismissal on July 30, 2025, and entering an Order for Relief on July 31. Court appointed an interim trustee on August 1 for this asset case. Assets now face liquidation.
10-Q
Q1 FY2025 results
Diamondhead Casino swung to a $1.8M net income applicable to common stockholders for Q1 ended March 31, 2025, up from a $0.5M loss y/y, driven by a $2.4M gain on debt extinguishment while costs rose to $310K from $220K. Basic EPS hit $0.05; diluted $0.04 on 42.0M shares. Cash dipped to $79K q/q on $109K operating outflow, with total liabilities at $18.4M including $14.2M payables and multiple liens on its $5.2M Mississippi land; stockholders' deficit narrowed to $12.9M. Debt defaults persist. Involuntary bankruptcy petition awaits ruling. Cash stays razor-thin.
8-K
Auditor switch completed
DiamondHead Casino swapped auditors on May 5, 2025: Marcum resigned after CBIZ acquired its attest business, and the board promptly engaged CBIZ. No audit disagreements or adverse opinions marred Marcum's reports for 2023-2024. Material weaknesses in segregation of duties and reporting persist from prior 10-Ks. Clean transition.
10-K
FY2024 results
Diamondhead Casino posted a $1.9M net loss for FY2024 ended December 31, 2024, up from $1.5M in 2023, on zero revenue with no operations since 2000. Administrative costs rose 23% y/y to $907K, driven by payroll and property taxes, while interest expense held steady at $821K amid heavy related-party debt. Q4 saw $79K in ESOP shares revert to treasury, signaling ongoing illiquidity with cash dipping to $189K from $426K yearly. No capex, dividends minimal at $15K paid, and 21 liens burden the 400-acre Mississippi site. An involuntary bankruptcy petition pends, threatening asset sales.
10-Q
Q3 FY2024 results
Diamondhead Casino posted a Q3 net loss of $416K, up 8% y/y from $386K, driven by higher administrative costs to $220K while interest expense ticked up to $180K on related-party debt. Nine-month net loss widened to $1.3M from $1.25M, matching $0.04 per diluted share on 36.3M shares. Cash drained to $220K after $206K operating outflow, offset by related-party advances; total liabilities climbed to $19.9M including $14.7M payables, against $5.2M land asset. No revenue, no FCF. Liens blanket the Mississippi property. Involuntary bankruptcy petition pends, hearing December 4.
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