GEDC
CalEthos Inc.0.3800
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
9.78MP/E (TTM)
-Basic EPS (TTM)
-0.35Dividend Yield
0%Recent Filings
10-K
10-Q
Q3 FY2025 results
CalEthos posted a Q3 operating loss of $359,000, improved from $218,000 last year yet narrower than Q2's $4.8M hit after expensing $4.6M abandoned data center costs YTD. Net loss narrowed to $658,000 from $1.4M y/y, driven by $4.6M abandoned project costs versus prior debt hits, with EPS at $(0.03) matching 25.7M diluted shares. Cash dipped to $274,000 amid $513,000 operating burn, offset by $965,000 financing including $750,000 related-party notes at 10% due Jan 2026; total debt hit $2.7M with $1.6M convertibles due 2026. TerraVolt hunts friendlier sites. Cash won't last.
10-Q
Q2 FY2025 results
CalEthos posted a Q2 operating loss of $135K, improved from $325K y/y, but net loss exploded to $4.8M from $937K due to $4.6M abandoned project costs on stalled Lithium Valley data center plans. No revenue yet; payroll jumped to $187K on staffing up, while equity comp flipped negative on $236K performance award reversals. Cash dwindled to $60K after $227K ops burn, offset by $465K financing; total debt hit $2.4M including $1.6M convertibles (10%, due Dec 2026). TerraVolt sub formed for IaaS pivot. Stockholders' equity swung to $2.3M deficit. Warrants issued with related-party notes. Financing stays tough.
10-Q
Q1 FY2025 results
CalEthos narrowed its Q1 operating loss to $220,000 from $292,000 y/y, trimming expenses 24.7% via lower professional fees and equity comp while payroll rose on staffing. Net loss shrank to $241,000 from $7,014,000, the prior-year gap due to a $6.5M debt extinguishment. Cash dipped to $78,000 after $145,000 operating burn and $278,000 data center spend, offset by $215,000 from new convertible debentures (total net $1.5M at 10%, due Dec 2026). Data center costs hit $5.5M on a 315-acre Imperial County option. Cash won't last. Financing stays tight.
10-K
FY2024 results
CalEthos posted zero revenue for FY2024 ended December 31, 2024, with operating expenses dropping 59% y/y to $1.4M amid lower equity comp, though Q4 saw $344K hit from abandoning prior site development. Net loss exploded to $12.6M from $4.6M y/y, driven by $6.5M loss on debt extinguishment and $2.4M financing costs—net far exceeds operating due to these one-offs. Cash burned $859K on ops but closed at $286K after $2.3M financing inflows; investing poured $1.5M into 315-acre Imperial County data center campus. No revenue yet. Working capital deficit shrank to $218K. Financing remains critical.
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