GFLT
GenFlat Holdings, Inc.10.42
+0.00+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
112.35MP/E (TTM)
-Basic EPS (TTM)
-0.32Dividend Yield
0%Recent Filings
10-Q
8-K
Exec hires, resignation, board expansion
GenFlat Holdings inked new employment deals on September 24, 2025, for CEO Drew Hall at $275,000 base post-IPO (up from $180,000) and President Garrett Hall at $275,000 (up from $150,000), both with up to $137,500 bonuses tied to objectives. COO Joseph Maggio resigned immediately, while the board named Matthew Albanese as Chief Commercial Officer and William Benz as CFO, effective post-IPO, alongside four new directors with logistics and finance expertise to expand the board to five. These shifts, including bylaws tweaks and a fresh code of ethics, signal gearing up for public markets. Leadership turnover brings risks.
10-K
FY2025 results
GenFlat Holdings posted FY2025 revenue of $7,894, up 51% y/y from $5,234, driven by its first leasing contract, yet net loss ballooned to $4.7M from $1.2M amid $1.1M rental inventory impairment and $2.4M stock-based compensation. Q4 saw two new lease agreements signed in August and September, signaling early momentum despite nominal prior quarters. Cash burn eased to $1.2M from $2.4M y/y, bolstered by $1.1M equity raises, leaving $50K cash and a $124K working capital deficit. No annual guidance disclosed. Going concern doubts loom large.
10-Q
Q3 FY2025 results
GenFlat Holdings posted no revenue in Q3 FY2025 ended March 31, 2025, while YTD revenue hit $7,894, up from zero last year, signaling first leasing traction for its collapsible marine containers. Yet operating losses widened to $560,037 in the quarter (180% y/y increase) and $3.2M YTD (280% y/y), driven by $2.2M in stock-based compensation within G&A expenses, alongside R&D ramp-up for Genny's actuators. Gross margins stayed negative at -100% due to $166K YTD depreciation and transport costs outpacing slim sales. Cash climbed to $164K on $1.1M equity raises, funding $964K operating burn; total debt sits at $150K (2.5% notes, no maturity), with a $26K lease liability to the CEO through 2026. Free cash flow not disclosed in the 10-Q. Stock options to advisors vest over two years. Tariffs on Chinese imports disrupt U.S. shipping lanes, hitting key clients.
10-Q
Q2 FY2025 results
GenFlat Holdings posted no revenue in Q2 FY2025 ended December 31, 2024, but notched $7,894 YTD from its first container lease, up from zero a year ago—yet costs surged to $52,717 on depreciation and transport, flipping gross profit negative at $(52,717) q/q while YTD it sits at $(98,017). Operating losses widened 68% y/y to $844,391, driven by $52,000 in R&D for container tweaks and G&A ballooning 47% to $739,674 on stock-based comp and marketing; net loss hit $846,207, matching operations since other items were minor. Cash climbed to $340,967 on $972,264 from stock sales, funding $656,533 operating burn, with total debt at $150,496 including a $50,500 note at 2.5% and a $99,996 note settled post-quarter via shares—no revolver or covenants noted. Stock options for 700,000 shares at $6.00 vested to advisors, boosting equity to $1.8M. Early traction shows promise, but scaling leases amid competition poses risks.
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