Smart Powerr Corp. (CREG) reported its financial results for the six months ended June 30, 2025, showing total revenue of $82,839. This revenue was primarily generated from a new 10-year Operation and Maintenance (O&M) contract, valued at RMB 1.8 million (US $0.2 million), which commenced in March 2025.
Despite the new revenue stream, the company recorded a net loss of $2.13 million and an operating loss of $2.19 million for the period. Total operating expenses increased by 298% year-over-year to $2.22 million, driven by higher financing costs and a one-time $831,520 share-based compensation expense.
A significant highlight was the improvement in liquidity, with cash and equivalents reaching $131.11 million, a substantial increase from $25,341 at the end of 2024. This surge was fueled by the recovery of $65.60 million in advance payments, $55.66 million from a short-term loan receivable, and $9.87 million from equity issuance, resulting in a positive operating cash flow of $64.50 million. The company's current ratio stands at a healthy 10.00, indicating strong short-term liquidity despite an accumulated deficit of $64.19 million.
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