HGAS
Global Gas Corporation0.0570
-0.0035-5.79%
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
426.26KP/E (TTM)
-Basic EPS (TTM)
-0.03Dividend Yield
0%Recent Filings
10-Q
8-K
Execs forfeit 2.7M shares
Global Gas Corporation settled disputes with former executives William Nance, Sergio Martinez, and Barbara Guay Martinez on August 19, 2025, via a pact where the trio forfeited 2.7 million Class B shares. This follows Nance's June 2024 termination for cause, which he contests, claiming prior resignation for good reason due to slashed duties and pay. Forfeitures clear overhang. Litigation lingers.
10-Q
Q2 FY2025 results
Global Gas Corporation swung to a net income of $167,868 in Q2 FY2025 ended June 30, 2025, up from an operating loss of $35,805, driven by a $202,173 Delaware franchise tax refund and $4,040 gain from lower derivative warrant liabilities, while general and administrative expenses dropped 50% y/y to $35,805. YTD revenue hit $33,012 from a single net-basis project, versus zero last year, but operating loss narrowed 56% y/y to $64,919 as costs fell. Cash dwindled to $83,772 from $114,146 at year-end, with operating cash use at $28,167 and no capex disclosed for FCF; related-party convertible notes total $273,950 at 5% interest, due March 2025. Stock-based comp added $13,124 to equity. Yet Nasdaq delisting in June 2024 curbs visibility.
10-Q
Q1 FY2025 results
Global Gas Corporation notched its first revenue of $33,012 in Q1 FY2025 ended March 31, 2025, up from zero a year earlier, while trimming general and administrative expenses 19% y/y to $62,126, yielding an operating loss of $29,114—62% narrower than last year's $77,159. Net loss narrowed to $28,542 from $178,743, thanks to a $4,040 gain from lower derivative warrant liabilities, though interest expense hit $4,353 on related-party notes; the gap between operating and net loss stems mainly from that interest and a $885 interest income drop. Cash dipped to $74,026 after $39,413 in operating outflows, with $273,950 in convertible notes due March 31, 2025 at 5% (convertible to Class A shares at $0.15). No free cash flow disclosed in the 10-Q. Yet liquidity raises going concern doubts.
10-K
FY2024 results
Global Gas Corporation ended FY2024 with no revenue, as expected for its nascent hydrogen project development stage, posting a net loss of $130,700—narrower than the $300,176 loss in its partial 2023 year, thanks to a $404,250 gain from warrant liability fair value changes offsetting $552,000 in general and administrative expenses up 35% year-over-year from stock-based comp and professional fees. Q4 showed no operational momentum, with cash burn at $1.3 million for the year leaving $114,000 in cash and a $419,000 working capital deficit, reliant on related-party notes for liquidity amid stalled customer contracts. No capex or buybacks occurred; the firm eyes equipment sales in 2025 to kickstart revenue. Yet regulatory delays in hydrogen permitting could stall quarterly progress.
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