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MRKY (MRKY) Corp has submitted its 10-Q filing for the quarterly period ended October 31, 2024.
The filing includes financial statements for the quarter, showing revenue from software sales at $16,491, with no revenue reported in the same quarter the previous year.
Operating expenses for the quarter were $10,116, compared to $6,198 in the previous year, resulting in a net income of $6,375 for the quarter.
For the nine months ended October 31, 2024, MRKY Corp reported a net loss of $28,785, compared to a net loss of $14,646 in the same period the previous year.
The company reported total assets of $120,663 as of October 31, 2024, compared to $135,930 as of January 31, 2024.
The filing highlights that MRKY Corp has limited working capital and is dependent on additional investment capital to fund operating expenses.
MRKY Corp's cash flow from operating activities resulted in a net cash outflow of $25,792 for the nine months ended October 31, 2024.
The company issued 89,667 shares of common stock for cash proceeds of $2,690 during the nine months ended October 31, 2024.
MRKY Corp's management acknowledges the company's dependence on future financing to continue operations and expand its business activities.
The filing notes that there were no significant changes in internal control over financial reporting during the quarter.
MRKY Corp did not report any pending or threatened legal actions as of October 31, 2024.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the MRKY quarterly 10-Q report dated December 16, 2024. To report an error, please email earnings@qz.com.