Callan JMB Q1 net loss $1.2M, revenue $1.45M; CFO Appleman terminated for cause

CALLAN JMB INC.

2025-Q1 EPS reported -$0.32 revenue$1,449,377

Revenue $1.45M, down due to lower emergency preparedness demand; gross margin 42.5%.
Operating loss ($1.2M) and net loss ($1.2M) for Q1 2025.
CFO Jeffrey Appleman terminated for cause effective May 13, 2025; Shannon Badger appointed interim CFO.
IPO completed Feb 2025, gross proceeds ~$5.7M at $4.00/share.
Renewed Texas DSHS contract and granted second 5-year contract by Oregon Health Authority.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Jeffrey A. Appleman

Chief Financial Officer

CJMB · CALLAN JMB INC.

Effective: 2025-05-13
Successor: Shannon Badger
Filed: May 15, 2025, 7:59 PM ET

Effective as of May 13, 2025, the Company terminated Chief Financial Officer, Jeffrey A. Appleman, effective immediately.

Appointed (interim)

Shannon Badger

Interim Chief Financial Officer

CJMB · CALLAN JMB INC.

Effective: 2025-05-14
Filed: May 15, 2025, 7:59 PM ET

On May 14, 2025, Shannon Badger, age 41, was appointed and named as the interim Chief Financial Officer of the Company, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey A. Appleman was terminated as Chief Financial Officer at CALLAN JMB INC..

Action: terminated
Role: Chief Financial Officer

Exact text from the filing

Effective as of May 13, 2025, the Company terminated Chief Financial Officer, Jeffrey A. Appleman, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Shannon Badger was appointed as Interim Chief Financial Officer at CALLAN JMB INC..

Action: appointed
Role: Interim Chief Financial Officer

Exact text from the filing

On May 14, 2025, Shannon Badger, age 41, was appointed and named as the interim Chief Financial Officer of the Company, effective immediately.

View on SEC.gov

CALLAN JMB INC. filing history →

Source: SEC EDGAR

accession 0001641172-25-011058

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