QSEP
QS Energy, Inc.0.1700
+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
91.37MP/E (TTM)
-Basic EPS (TTM)
-0.03Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
QS Energy posted no revenue for Q3 ended September 30, 2025, with operating loss widening to $1.9M from $279K y/y amid $1.2M R&D spike on AOT prototypes and $646K operating expenses up on salaries and consulting. Nine-month net loss hit $13.8M or $0.03/share (anti-dilutive options/warrants excluded), versus $1.1M y/y, fueled by $9.1M share-based comp while operating cash burn reached $3.4M. Cash dwindled to $49K against $5.6M liabilities including $3.2M past-due Temple licenses and $1.3M convertible notes ($1.1M in default). Financing offset via $2.3M notes and $1.0M exercises. Massive stock comp masks cash strain.
10-Q
Q2 FY2025 results
QS Energy posted zero revenue for Q2 FY2025 ended June 30, 2025, with operating loss widening to $2.0M from $0.2M y/y while YTD hit $11.6M net loss ($0.03/share) versus $0.8M y/y, driven by $8.9M share-based compensation and $1.5M payroll. Operating expenses jumped on CEO bonus and options; net loss exceeded operating by interest/financing. Cash climbed to $778K on $3.0M financing net of $2.4M ops burn, cutting convertible notes net to $1.4M ($1.2M past due) from $2.5M q/q. Stockholders' deficit narrowed to $4.1M. Diluted shares align; anti-dilution flagged on 154M options/warrants/notes. Cash lasts through October. Pipeline testing delays persist.
8-K
Exclusive AOT distribution deal
QS Energy signed a 10-year exclusive distribution deal with VIPS Petroleum on June 19, 2025, for AOT units across 13 territories including India and Nigeria. VIPS can buy units at $5M each with a 15% rebate or take 10% commissions; $25M initial order for five units triggers 25M QSEP shares. Risks include FCPA compliance and termination for breach. Deal unlocks Asia-Africa sales.
8-K
Raised $2.3M in notes
QS Energy raised $2,285,000 in cash proceeds from selling $2,514,000 principal convertible notes and warrants for 31,423,615 shares from January 7 to June 16, 2025, to accredited investors under Reg D exemptions. Notes convert at $0.08/share, mature in 12 months with 10% penalty if unpaid; warrants exercise at $0.10/share for one year. Funds fuel working capital, salaries, and CEO retention bonus. Dilution protections apply, but securities remain restricted.
10-Q
Q1 FY2025 results
QS Energy posted no revenue for Q1 ended March 31, 2025, with operating expenses exploding to $9.5M from $326K y/y, driven by $8.3M share-based compensation including director options and CEO equity grants, yielding a $9.6M operating loss and $9.7M net loss ($0.02/share, confirmed vs 438M diluted shares). Cash burn hit $1.2M while financing delivered $1.5M, lifting cash to $526K from $150K q/q; convertible notes dropped to $1.5M net ($1.2M in default) yet $2.5M license payables loomed past due. Stockholders' deficit narrowed to $4.3M. Warrants and options remain anti-dilutive. Pipeline testing delays persist.
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