GENERAL ENTERPRISE VENTURES INC
9.75-0.16 (-1.61%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCPK · GEVI · USD
Key Stats
Market Cap
108.15MP/E (TTM)
-Basic EPS (TTM)
-2.88Dividend Yield
0%Recent Filings
8-K
PIPE raise and board additions
General Enterprise Ventures raised $2,909,515 through a PIPE offering on October 21, 2025, issuing 193,967 shares of Series C Convertible Preferred Stock—each convertible into 3.3333 common shares—and warrants for 323,276 common shares at $6.00 exercise price, expiring in five years. The deal bolsters capital while adding board muscle with October 15 appointments of Lorenzo Calinawan, a chemicals M&A expert, and Craig Huff, a veteran investor from Reservoir Capital. New directors sharpen strategic edges. Yet risks lurk in unregistered securities' liquidity limits.
8-K
Reverse split for uplisting
General Enterprise Ventures executed a 1-for-6 reverse stock split on August 28, 2025, slashing outstanding common shares from 87,550,981 to about 14,592,205. This boosts the per-share price to meet NYSE American uplisting criteria, enhancing institutional appeal amid rising wildfire prevention demand. No fractional shares issued; all adjusted proportionally. Yet risks linger in forward-looking uplist plans.
10-Q
Q2 FY2025 results
General Enterprise Ventures ramped up revenue to $688K in Q2 FY2025 ended June 30, 2025, a 246% y/y surge from $199K, driven by product sales and installation services amid wildfire demand, while gross margin held at 46.0% despite higher costs. Yet operating losses widened to $3.0M from $907K y/y, fueled by $2.3M in payroll and management compensation, with net loss exploding to $11.9M versus $907K due to $3.0M fair-value changes in derivative liabilities and $2.6M debt settlement losses. Cash climbed to $2.3M after $3.6M in financing inflows, but working capital sits at a $2.0M deficit with $2.3M convertible notes outstanding. Revenue relies on a handful of customers. Warrants pack real punch.
10-Q
Q1 FY2025 results
General Enterprise Ventures posted Q1 FY2025 revenue of $969K, up 124% y/y from $433K, fueled by product sales and new installation services amid rising wildfire demand. Yet operating loss widened to $3.5M from $2.6M y/y, while net loss ballooned to $10.9M from $3.5M, the gap driven by $6.2M financing expense from warrants and $805K change in derivative liability fair value. Cash climbed to $3.7M after $3.7M in convertible notes and preferred stock proceeds, though working capital sits at a slim $49K with $3.4M principal in short-term convertibles (10% rate, due 2025-2026). Revenue growth shows promise. But customer concentration risks persist.
8-K
Leadership overhaul announced
General Enterprise Ventures refreshed its board and executive team effective April 1, 2025, with Theodore Ralston stepping in as President and CEO alongside new directors Jeffrey Pomerantz and John Costa. Ralston's son, Joshua, holds the VP of Operations role, while Nanuk Warman and Anthony Newton fill CFO and General Counsel spots. Family ties and prior related-party deals with Ralston raise governance flags. Forward-looking statements highlight expected benefits but warn of risks.
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