Filing Flows › Kinetic Seas (KSEZ) › Q1 2025
Kinetic Seas (KSEZ) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Kinetic Seas (KSEZ) reported revenue of $68K for the first quarter 2025 (Q1 2025), +543% from a year earlier and -7% from the quarter before. Operating margin was -285.3%, net loss $224K (329.9% of revenue).
Kinetic Seas, Q1 2025: revenue $68K (+543% year over year), operating margin -285.3%, net loss $224K, operating cash flow −$90K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $68K | -7% | +543% |
| Operating profit | −$194K | — | — |
| Net earnings | −$224K | — | — |
| Operating cash flow | −$90K | — | — |
What changed
Revenue was $68K in Q1 2025, up 543% year over year and down 7% from the previous quarter.
Gross margin was 15.8%, down 9.9 points from a year earlier. Operating costs exceeded revenue by $194K, an operating margin of -285.3%. Operating expenses grew 3% against revenue growth of 543%. The fastest-growing cost line was Other operating costs (+41%). The quarter ended with a net loss of $224K, narrower than the previous quarter's $2.2M loss.
Operating cash flow was −$90K. Non-cash charges added back $9K of depreciation and amortization. Working capital and other items added $124K.
Questions
What was Kinetic Seas' revenue in the first quarter 2025?
Kinetic Seas (KSEZ) reported revenue of $68K for the first quarter 2025 (Q1 2025), +543% from a year earlier and -7% from the quarter before.
Was Kinetic Seas profitable in the first quarter 2025?
Operating loss was $194K (-285.3% of revenue) and net loss $224K.
Source: Kinetic Seas 10-Q on SEC EDGAR.