Revenue Performance: ClimateRock reported revenues of $0 for Q2 2024, a stagnation reflecting ongoing challenges in revenue generation. The company has not yet established robust income streams, raising concerns about sustainability.
Profitability: The net income loss of $254,000 reflects a year-over-year decline of 337.83%, pointing to persistent operational inefficiencies. The operating income also experienced a loss of $623,000 with notable costs arising from marketing efforts.
Balance Sheet Health: The company holds total assets of $28.42 million against total liabilities of $7.35 million, indicating a solid asset base. However, the cash reserves have dwindled to $6,077, raising liquidity concerns.
Cash Flow Analysis: The net cash used in operating activities was -$624,167 with negative free cash flow of -$627,082, underscoring pressing cash flow challenges. Management expressed intentions to improve cash generation through strategic partnerships and investments.