FSTJ
First America Resources Corporation0.5100
+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
44.86MP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
First America Resources posted Q3 revenue of $5.5M, up 19% y/y from $4.6M, while YTD revenue climbed 15% y/y to $14.3M; gross margins slipped to 54% from 57% as costs rose faster. Operating income fell to $248K from $405K amid payroll and merger-related professional fees, yet net income held at $214K thanks to $346K ERC boost. Cash dipped to $400K with $129K operating cash flow offsetting minor capex; total debt ~$2.1M includes new equipment notes at 6-30% rates. Reverse merger with METech closed April 2025 via 80M shares. Customer concentrations hover at 13%. Related-party dealings persist.
10-Q
Q2 FY2025 results
First America Resources posted Q2 revenue of $4.8M, up 30% y/y from $3.7M, driving gross profit to $2.5M at 51% margin versus 57% prior; operating income swung to $95K from $43K while YTD revenue rose 13% y/y to $8.8M but operating loss hit $432 on payroll and rent expansion. Net income reached $62K in Q2 and $287K YTD, boosted by $346K Employee Retention Credit offsetting $62K interest; EPS $0.00 aligns with 88M diluted shares. Cash fell to $151K after $250K operating outflow, with $2.1M total notes payable including new $150K at 17% and $500K related-party settlement at 7.5%. Reverse merger with METech closed April 2025 via 80M shares to insiders. Customer concentrations exceed 10%. Related-party dealings pose risks.
10-Q
Q3 FY2025 results
First America Resources posted zero revenue for Q3 FY2025 ended March 31, 2025, matching last year but extending nine-month revenue drop from $3,920 (derived). Operating loss narrowed to $6,084 from $7,400 y/y while nine-month loss widened to $41,242 from $32,532, driven by higher selling, general and administrative expenses. Cash dwindled to $19,047 from $34,807 at June 30, 2024, with net operating cash use at $15,759; officer loans held steady at $228,933. No capex, so free cash flow not disclosed in the 10-Q. Post-quarter, it acquired METech Recycling on April 16, 2025 via 80M related-party shares. Cash burn persists.
8-K
Acquires METech Recycling via shares
First America Resources completed a related-party acquisition of METech Recycling on April 16, 2025, issuing 80 million shares—valued at $48 million using the $0.60 closing price—to entities owned by CEO Jian Li, gaining a certified R2v3 electronics recycler with facilities across five states and 65 employees. The deal ends its shell company status. METech targets booming e-waste from AI servers, EVs, and solar.
10-Q
Q2 FY2025 results
First America Resources posted zero revenue for Q2 FY2025 ended December 31, 2024, matching Q2 2023 but down from $3,920 YTD 2023, while operating expenses jumped to $33,908 (y/y +196%, derived) on professional fees, driving operating loss to $33,908 from $11,466. YTD loss widened to $35,158 from $25,132 as prior-year sales ceased. Cash dwindled to $25k from $35k at June 30, with $10k operating cash burn; $229k officer loans unchanged, fueling $208k working capital deficit. Plans target FAMCe acquisition for revenue boost. Cash covers basics. Going concern looms large.
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