QPRC QUEST PATENT RESEARCH CORP

Overview and Growth

QUEST PATENT RESEARCH CORP generated $2.79M of revenue in fiscal 2024. Revenue of $2.79M sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line contracted 78.7% from $13.15M in fiscal 2023; this top-line contraction left the company with a smaller revenue base. Diluted earnings per share were -$0.46, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted EPS decreased by 207.0% from $0.43 in fiscal 2023, showing how the earnings change reached shareholders on a per-share basis. The diluted weighted-average share count was 5.33M, linking total earnings with the per-share result received by shareholders. Diluted shares moved 0.0% from 5.33M in fiscal 2023, leaving the current share base higher year over year. At period end, total assets were $3.54M, framing the scale of the company’s operating and financing commitments. Asset turnover was 0.79x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $950.91K of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross profit represented 34.0% of revenue, showing how much of the top line remained after direct costs. The reported operating result was an operating loss of $1.85M, reflecting costs that exceeded gross profit. Relative to revenue, the operating deficit measured 66.1%, showing the shortfall after operating costs. The company reported a pretax loss of $2.37M, before the effect of income taxes. Measured against revenue, the pretax deficit represented 84.9%. Income tax expense totaled $100.00K, providing the reported tax component that separates pretax and after-tax earnings.

Liquidity and Capital Structure

The company held $3.54M of assets against $12.24M of liabilities and -$8.70M of equity, revealing how the asset base was financed. The company reported negative equity of -$8.70M, a capital deficit that reduces its ability to absorb losses through book equity. At period end, current assets of $502.29K compared with current liabilities of $12.04M, defining the company’s short-term resource position. At 0.04x, current liabilities exceeded current assets and placed pressure on the company’s near-term liquidity position. Cash and equivalents totaled $482.02K, identifying the most liquid reported component available within the broader current-asset balance. Cash and equivalents represented 4.0% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Equity equaled -245.8% of assets, showing the shareholder-capital layer within the company’s balance sheet. Liabilities represented 345.8% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 13.6% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $7.28M in fiscal 2023, the current asset base moved 51.4% and finished lower. The reported cash balance changed 14.5% from $563.48K in fiscal 2023, ending lower year over year.

Cash Flow and Earnings Quality

Operating activities used $390.34K of cash, resulting in an operating cash outflow for the year. The company shifted from generating $1.93M of operating cash in fiscal 2023 to absorbing $390.34K.

Based on the annual report for the fiscal year ending Dec 31, 2024. Analysis generated Oct 21, 2026.