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Starguide Group Inc Com (STRG0.00%) has submitted its 10-Q filing for the quarterly period ended October 31, 2024.
The filing includes financial statements for the quarter, showing a net loss of $16,847 for the three months ended October 31, 2024, compared to a net loss of $26,930 for the same period in the previous year.
Revenue for the three months ended October 31, 2024, was $1,961, with a cost of sales of $1,861, resulting in a gross profit of $100.
Operating expenses for the quarter were $15,374, down from $26,730 in the same quarter of the previous year, primarily due to a decrease in audit fees, rent expense, software costs, and management salaries.
For the nine months ended October 31, 2024, the company reported a net loss of $56,678, compared to $78,029 in the previous year.
Revenue for the nine-month period was $2,111, with a cost of sales of $1,904, resulting in a gross profit of $207.
The company's current liabilities exceeded its current assets by $310,138 as of October 31, 2024. The working capital deficit increased to $310,138 from $252,420 as of January 31, 2024.
Cash used in operating activities was $47,771 for the nine months ended October 31, 2024, compared to $53,243 in the previous year.
The company continues to face substantial doubt about its ability to continue as a going concern, dependent on financial support from its major shareholder and the ability to raise additional capital.
Starguide Group Inc Com is focused on being an incubator of Software as a Service (SaaS) startups and has acquired an 80% stake in Live Investments Holdings Ltd, which owns Live Lead Tech Ltd, a cloud-based lead generation software company.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Starguide Group Inc Com quarterly 10-Q report dated December 11, 2024. To report an error, please email earnings@qz.com.