ELRA
Elray Resources, Inc.0.0003
+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
1.29MP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
10-Q
Q3 FY2018 results
Elray Resources posted Q3 revenues of $89,733 from related-party software usage, down 43.5% y/y from $158,921 yet holding steady q/q within a nine-month total of $335,162, a 30.6% y/y drop. Operating loss narrowed to $74,967 from $165,519 y/y, thanks to slashed general and administrative costs, but net loss exploded to $3.3M from $413,875, driven by a $3.1M fair-value hit on derivative liabilities from convertible notes. Cash dipped to $17,612 amid $10K operating outflow for the nine months, offset by minor financing inflows, while total liabilities swelled to $14.8M including $1.7M short-term debt and $3.1M convertibles, all in default. No free cash flow disclosed in the 10-Q. Revenues hinge on one related party. Derivative swings hurt.
8-K
Auditor resigns after merger
Elray Resources accepted the resignation of its auditor GBH CPAs on August 10, 2018, following GBH's practice combination with Marcum effective July 1, 2018. No disagreements arose on accounting principles, disclosures, or audit procedures during fiscal years 2017 and 2016, nor through the resignation date. GBH's prior reports included going-concern uncertainties but no adverse opinions. The switch proceeds smoothly.
8-K
Auditor switch completed
Elray Resources switched auditors on March 15, 2019, engaging Pinnacle Accountancy Group after prior firm GBH resigned due to its merger with Marcum effective July 1, 2018. The board approved the change, ensuring no prior consultations or disagreements with Pinnacle. This routine transition maintains compliance without disrupting financial reporting. No impact on operations disclosed.
10-Q
Q2 FY2018 results
Elray Resources posted Q2 revenues of $96,368 from related-party software usage, down 42.6% y/y from $167,794 while Q1-Q2 totals fell 24.3% y/y to $245,429; operating losses narrowed to $70,151 from $185,752 y/y, thanks to consulting cuts, but net losses widened to $254,244 on steady interest expense of $184,091. Q/q, revenues dropped from $149,061 (derived), with operating expenses easing 25.7% y/y yet still outpacing topline. Cash dipped to $16,593 amid $11,477 operating outflow, offset by $5,000 financing; total debt hit $4,867,315 including $1,689,905 short-term and $3,131,981 convertibles (mostly in default at 10-24% rates), with $382,618 derivative liabilities. No free cash flow disclosed. In May 2018, Elray reclassified $1,689,905 settlement payable to short-term debt and $472,254 to accounts payable per cancellation agreement. Revenues hinge on one related party. Competition from overseas gaming tech firms pressures margins.
10-Q
Q1 FY2018 results
Elray Resources posted a Q1 net loss of $329,048, swinging from a $418,543 profit last year, as revenues from related-party intellectual property services dipped 4.7% y/y to $149,061 while operating expenses climbed 12.5% y/y to $295,735, yielding an operating loss of $146,674 versus $106,600 prior. The net swing stemmed from vanishing derivative gains and steady interest expense of $182,382, with no material anti-dilution flagged beyond excluded convertibles. Cash dwindled to $22,013 on $11,057 operating outflow, offset by $10,000 related-party financing, amid $3.1M convertible notes (10-24% rates, all defaulted) and $2.2M settlement payable. No M&A or non-GAAP metrics disclosed in the 10-Q. Reliance on a single related-party customer poses concentration risk.
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