DMN
DMN
Damon Inc. Common StockIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2025 | $80.69K ▲ | $2.87M ▼ | $-3.3M ▲ | -4.09K% ▼ | $-0.17 ▲ | $-3.29M ▲ |
| Q4-2024 | $-10.17K ▼ | $21.85M ▲ | $-11.14M ▲ | 109.61K% ▲ | $-3.13 ▼ | $-42.06M ▼ |
| Q3-2024 | $81.41K ▲ | $4.85M ▲ | $-25.16M ▼ | -30.91K% ▼ | $-0.5 ▼ | $-19.31M ▼ |
| Q2-2024 | $49.52K ▼ | $3.41M ▲ | $32.52M ▲ | 65.67K% ▲ | $2.56 ▲ | $31.29M ▲ |
| Q1-2024 | $101.97K | $1.48M | $-1.56M | -1.53K% | $-0.08 | $-1.4M |
What's going well?
Revenue turned positive and losses shrank significantly compared to last quarter. Gross profit also improved, showing some progress in the business.
What's concerning?
The company is still losing far more than it makes, with expenses massively outpacing revenue. Share dilution is severe, making each share worth much less.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q1-2025 | $682.23K ▼ | $1.82M ▼ | $14.99M ▲ | $-13.18M ▼ |
| Q4-2024 | $2.48M ▼ | $4.08M ▼ | $13.97M ▼ | $-9.89M ▲ |
| Q3-2024 | $7.56M ▲ | $8.66M ▼ | $29.17M ▲ | $-20.51M ▼ |
| Q2-2024 | $788.56K ▲ | $16.2M ▲ | $17.18M ▲ | $-974.3K ▲ |
| Q1-2024 | $175.29K | $1.24M | $3.2M | $-1.96M |
What's financially strong about this company?
Asset quality is solid with no goodwill or intangibles, and most assets are tangible. Debt decreased slightly this quarter.
What are the financial risks or weaknesses?
Cash is running out fast, equity is deeply negative, and liabilities far exceed assets. The company cannot cover its short-term bills and may need to raise money urgently.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2025 | $-3.3M ▲ | $0 ▼ | $0 | $-36.82K ▲ | $-1.8M ▲ | $0 ▼ |
| Q4-2024 | $-5.3M ▲ | $14.68M ▲ | $0 | $-81.81K ▼ | $-5.03M ▼ | $14.68M ▲ |
| Q3-2024 | $-25.16M ▼ | $-8.04M ▼ | $0 ▼ | $14.81M ▲ | $6.77M ▲ | $-8.04M ▼ |
| Q2-2024 | $26.67M ▲ | $-5.84M ▼ | $673.27K ▲ | $6.55M ▲ | $613.27K ▲ | $-5.84M ▼ |
| Q1-2024 | $-1.56M | $-799.53K | $-596K | $414.33K | $-973.61K | $-799.53K |
What's strong about this company's cash flow?
The net loss narrowed compared to last quarter, and non-cash charges make up most of the loss. No new debt or dilution occurred this quarter.
What are the cash flow concerns?
Operating cash flow and free cash flow both dropped to zero, and cash reserves fell by $1.8 million. With only $725k left, the company could run out of cash soon if things don't improve.
5-Year Trend Analysis
A comprehensive look at Damon Inc. Common Stock's financial evolution and strategic trajectory over the past five years.
DMN stands out for its differentiated vision in electric motorcycles, with strong emphasis on rider safety, adjustability, and connected services. It has demonstrated the ability to design complex integrated systems and attract customer interest in the form of reservations and media attention. Financially, recent periods show better cash discipline, lower reliance on debt than at the peak, and improvements in operating and free cash flow trends. Together, these elements suggest there is still a meaningful technological and brand foundation on which a viable business could be built if execution improves.
At the same time, the risks are substantial. Revenue is tiny and declining, losses have been large and long‑lasting, and shareholders’ equity is negative, all pointing to a stressed financial position. The company has depended heavily on external financing and may continue to do so, which raises dilution and funding‑availability concerns. Production delays, lack of delivered units, delisting from a major exchange, and increasing competition from well‑funded incumbents and startups all add layers of execution and competitive risk. There is also the strategic risk that cost‑driven cuts to R&D and investment undermine the very innovation that differentiates DMN.
The outlook for DMN is highly uncertain and likely to be binary in nature. If the company can secure sufficient funding, resolve manufacturing challenges, begin delivering motorcycles in volume, and build out its software and services platform, its existing technology could support significant growth from a very low base. If, however, financing remains constrained and production timelines slip further, the combination of weak finances and intensifying competition could limit its ability to recover. For now, DMN resembles a high‑potential but high‑risk story where the eventual outcome will depend heavily on near‑term execution, capital access, and the speed at which it can turn innovation into a sustainable commercial business.
About Damon Inc. Common Stock
https://www.damon.comDamon Inc. is a two-wheel technology company that develops and manufactures advanced warning systems for motorcycles, aiming to enhance rider safety through innovations in sensor fusion, robotics, and AI. The company also designs and produces electric motorcycles, including models like HyperFighter and HyperSport.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2025 | $80.69K ▲ | $2.87M ▼ | $-3.3M ▲ | -4.09K% ▼ | $-0.17 ▲ | $-3.29M ▲ |
| Q4-2024 | $-10.17K ▼ | $21.85M ▲ | $-11.14M ▲ | 109.61K% ▲ | $-3.13 ▼ | $-42.06M ▼ |
| Q3-2024 | $81.41K ▲ | $4.85M ▲ | $-25.16M ▼ | -30.91K% ▼ | $-0.5 ▼ | $-19.31M ▼ |
| Q2-2024 | $49.52K ▼ | $3.41M ▲ | $32.52M ▲ | 65.67K% ▲ | $2.56 ▲ | $31.29M ▲ |
| Q1-2024 | $101.97K | $1.48M | $-1.56M | -1.53K% | $-0.08 | $-1.4M |
What's going well?
Revenue turned positive and losses shrank significantly compared to last quarter. Gross profit also improved, showing some progress in the business.
What's concerning?
The company is still losing far more than it makes, with expenses massively outpacing revenue. Share dilution is severe, making each share worth much less.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q1-2025 | $682.23K ▼ | $1.82M ▼ | $14.99M ▲ | $-13.18M ▼ |
| Q4-2024 | $2.48M ▼ | $4.08M ▼ | $13.97M ▼ | $-9.89M ▲ |
| Q3-2024 | $7.56M ▲ | $8.66M ▼ | $29.17M ▲ | $-20.51M ▼ |
| Q2-2024 | $788.56K ▲ | $16.2M ▲ | $17.18M ▲ | $-974.3K ▲ |
| Q1-2024 | $175.29K | $1.24M | $3.2M | $-1.96M |
What's financially strong about this company?
Asset quality is solid with no goodwill or intangibles, and most assets are tangible. Debt decreased slightly this quarter.
What are the financial risks or weaknesses?
Cash is running out fast, equity is deeply negative, and liabilities far exceed assets. The company cannot cover its short-term bills and may need to raise money urgently.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2025 | $-3.3M ▲ | $0 ▼ | $0 | $-36.82K ▲ | $-1.8M ▲ | $0 ▼ |
| Q4-2024 | $-5.3M ▲ | $14.68M ▲ | $0 | $-81.81K ▼ | $-5.03M ▼ | $14.68M ▲ |
| Q3-2024 | $-25.16M ▼ | $-8.04M ▼ | $0 ▼ | $14.81M ▲ | $6.77M ▲ | $-8.04M ▼ |
| Q2-2024 | $26.67M ▲ | $-5.84M ▼ | $673.27K ▲ | $6.55M ▲ | $613.27K ▲ | $-5.84M ▼ |
| Q1-2024 | $-1.56M | $-799.53K | $-596K | $414.33K | $-973.61K | $-799.53K |
What's strong about this company's cash flow?
The net loss narrowed compared to last quarter, and non-cash charges make up most of the loss. No new debt or dilution occurred this quarter.
What are the cash flow concerns?
Operating cash flow and free cash flow both dropped to zero, and cash reserves fell by $1.8 million. With only $725k left, the company could run out of cash soon if things don't improve.
5-Year Trend Analysis
A comprehensive look at Damon Inc. Common Stock's financial evolution and strategic trajectory over the past five years.
DMN stands out for its differentiated vision in electric motorcycles, with strong emphasis on rider safety, adjustability, and connected services. It has demonstrated the ability to design complex integrated systems and attract customer interest in the form of reservations and media attention. Financially, recent periods show better cash discipline, lower reliance on debt than at the peak, and improvements in operating and free cash flow trends. Together, these elements suggest there is still a meaningful technological and brand foundation on which a viable business could be built if execution improves.
At the same time, the risks are substantial. Revenue is tiny and declining, losses have been large and long‑lasting, and shareholders’ equity is negative, all pointing to a stressed financial position. The company has depended heavily on external financing and may continue to do so, which raises dilution and funding‑availability concerns. Production delays, lack of delivered units, delisting from a major exchange, and increasing competition from well‑funded incumbents and startups all add layers of execution and competitive risk. There is also the strategic risk that cost‑driven cuts to R&D and investment undermine the very innovation that differentiates DMN.
The outlook for DMN is highly uncertain and likely to be binary in nature. If the company can secure sufficient funding, resolve manufacturing challenges, begin delivering motorcycles in volume, and build out its software and services platform, its existing technology could support significant growth from a very low base. If, however, financing remains constrained and production timelines slip further, the combination of weak finances and intensifying competition could limit its ability to recover. For now, DMN resembles a high‑potential but high‑risk story where the eventual outcome will depend heavily on near‑term execution, capital access, and the speed at which it can turn innovation into a sustainable commercial business.

CEO
Dominique Kwong

