Frmo Corp (FRMO) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone. This is Therese Byers speaking, and I'm the Corporate Secretary of FRMO Corp. Thank you for joining us on this call. The statements made on this call apply only as of today. The information on this call should not be construed to be a recommendation to purchase or sell any particular security or investment fund. The opinions referenced on this call today are not intended to be a forecast of future events or a guarantee of future results. It should not be assumed that any of the security transactions referenced today have been or will prove to be profitable, or that future investment decisions will be profitable or will equal or exceed the past performance of the investments. For additional information, you may visit the FRMO Corp website at frmocorp.com. Today's discussion will be led by Murray Stahl, Chairman and Chief Executive Officer, and Stephen Bregman, President and Chief Financial Officer. They will review key points related to the fiscal 2025 first quarter earnings. And now I'll turn the discussion over to Mr. Stahl. Okay, thank you, Therese. Thanks, everybody, for joining us. So I'm going to, in my... introductory remarks, I'm going to do it in two parts. One, I'll point out some things I find interesting that are on our financial statements. Then I'll point out some things that are not on our financial statements that I also find interesting that would be good to get some more information on, I think. And then we'll go to questions. So let's start with the things that should be obvious. So looking at the balance sheet, you can see there are Total assets, $548 million. That's a record for us in the event. And you'll see our cash balance. I'm not sure if the $42.4 million is a record or not. It looks like it's certainly a recent rec...