FlooidCX Corp. Q1 2024: $1M Revenue, $48.2M Equity
| Field | Detail |
|---|---|
| Company | Flooidcx Corp. |
| Form Type | 10-Q |
| Filed Date | May 8, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
FlooidCX Q1: $1M Rev, $48.2M Equity. Solid balance sheet.
AI Summary
FlooidCX Corp. filed its 10-Q for the period ending March 31, 2024. The company reported $1 million in revenue and $1 million in cost of revenue for the first quarter of 2024. Total assets were $49,166,697, with total liabilities of $915,400, resulting in total equity of $48,251,297.
Why It Matters
This filing provides a snapshot of FlooidCX Corp.'s financial health at the end of Q1 2024, indicating revenue, asset, and equity levels.
Risk Assessment
Risk Level: low — The filing is a routine quarterly report with no immediate red flags or significant negative events disclosed.
Key Numbers
- $1.0M — Q1 2024 Revenue (Indicates sales performance for the first quarter.)
- $1.0M — Q1 2024 Cost of Revenue (Represents the direct costs associated with generating revenue.)
- $49.2M — Total Assets (Shows the company's total resources as of March 31, 2024.)
- $0.9M — Total Liabilities (Represents the company's total obligations as of March 31, 2024.)
- $48.3M — Total Equity (Reflects the net worth of the company as of March 31, 2024.)
Key Players & Entities
- flooidCX Corp. (company) — Filer
- Gripevine Inc. (company) — Former Company Name
- Baixo Relocation Services, Inc. (company) — Former Company Name
- $1 million (dollar_amount) — Q1 2024 Revenue
- $1 million (dollar_amount) — Q1 2024 Cost of Revenue
- $49,166,697 (dollar_amount) — Total Assets as of March 31, 2024
- $915,400 (dollar_amount) — Total Liabilities as of March 31, 2024
- $48,251,297 (dollar_amount) — Total Equity as of March 31, 2024
FAQ
What was FlooidCX Corp.'s revenue for the first quarter of 2024?
FlooidCX Corp. reported $1,000,000 in revenue for the period ending March 31, 2024.
What were the total assets of FlooidCX Corp. as of March 31, 2024?
The company's total assets were $49,166,697 as of March 31, 2024.
What is the total equity of FlooidCX Corp. as of the end of Q1 2024?
As of March 31, 2024, FlooidCX Corp.'s total equity was $48,251,297.
What were the total liabilities for FlooidCX Corp. at the end of the first quarter of 2024?
FlooidCX Corp. reported total liabilities of $915,400 for the period ending March 31, 2024.
Has FlooidCX Corp. undergone any name changes?
Yes, FlooidCX Corp. was formerly known as Gripevine Inc. (name change effective January 11, 2017) and prior to that, Baixo Relocation Services, Inc. (name change effective June 4, 2014).
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 8, 2025 regarding flooidCX Corp..