Safety Shot, Inc. ( (SHOT) ) has released its Q1 earnings. Here is a breakdown of the information Safety Shot, Inc. presented to its investors.
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Safety Shot, Inc., operating in the health and wellness sector, specializes in dietary supplements, notably the Sure Shot Dietary Supplement designed to lower blood alcohol content. The company recently released its earnings report for the quarter ending March 31, 2025, highlighting significant financial developments.
In the latest earnings report, Safety Shot, Inc. reported a net loss of $5.33 million for the quarter, a notable improvement from the $15.67 million loss in the same period last year. The company’s revenue stood at $42,101, a decrease from $170,732 in the previous year, while operating expenses were significantly reduced to $5.41 million from $12.96 million. The company also highlighted its ongoing efforts to expand its market presence, including investments in Yerbae Brands and strategic partnerships.
Key financial metrics from the report include a gross profit of $20,989, a substantial improvement from the previous year’s loss, and a reduction in accounts receivable from $283,561 to $28,704. The company also reported an increase in inventory levels, reflecting its preparation for anticipated demand. Additionally, Safety Shot, Inc. raised $4.97 million through private placements, bolstering its financial position.
Looking ahead, Safety Shot, Inc. remains focused on its expansion and development plans, despite the challenges posed by its current financial position. The management is optimistic about the company’s future, driven by its strategic initiatives and commitment to innovation in the dietary supplement market.