Filing Flows › CoJax Oil & Gas (CJAX) › Q1 2025
CoJax Oil & Gas (CJAX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
CoJax Oil & Gas (CJAX) reported revenue of $338K for the first quarter 2025 (Q1 2025), +86% from a year earlier and +53% from the quarter before. Operating margin was -42.7%, net loss $145K (42.8% of revenue).
CoJax Oil & Gas, Q1 2025: revenue $338K (+86% year over year), operating margin -42.7%, net loss $145K, operating cash flow $33K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $338K | +53% | +86% |
| Operating profit | −$144K | — | — |
| Net earnings | −$145K | — | — |
| Operating cash flow | $33K | — | — |
What changed
Revenue was $338K in Q1 2025, up 86% year over year and up 53% from the previous quarter.
Operating costs exceeded revenue by $144K, an operating margin of -42.7%. Total costs fell 1% while revenue rose 86%. The fastest-growing cost line was Other operating costs (+59%). The quarter ended with a net loss of $145K, narrower than the previous quarter's $1.1M loss. Non-operating items added $144K, -29781% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $33K. Non-cash charges added back $101K of depreciation and amortization. Working capital and other items added $77K.
Questions
What was CoJax Oil & Gas' revenue in the first quarter 2025?
CoJax Oil & Gas (CJAX) reported revenue of $338K for the first quarter 2025 (Q1 2025), +86% from a year earlier and +53% from the quarter before.
Was CoJax Oil & Gas profitable in the first quarter 2025?
Operating loss was $144K (-42.7% of revenue) and net loss $145K.
Source: CoJax Oil & Gas 10-Q on SEC EDGAR.