Wed, Apr 23, 3:49 PM (18 days ago)
**Catalyst Crew Technologies Corp. (CCTC)** **Financial Performance:** - **Revenue:** $0 for 2024 and 2023. - **Net Loss:** $3,261,038 for 2024, up from $1,733,722 in 2023. - **Operating Expenses:** $3,297,858 for 2024, significantly higher than $828,927 in 2023 due to increased stock-based compensation. - **Liquidity:** Negative cash flow from operations, with a working capital deficit of $573,575 as of December 31, 2024. **Strategic Overview:** - **Business Focus:** Shift from big data analytics to facial recognition technology (FRT) in June 2024. - **Market Position:** Operating in a competitive facial recognition industry with key players like NEC Corporation, Microsoft, and Thales. - **Product Development:** FRT solutions for mobile devices, surveillance, retail, healthcare, and automotive sectors. **Future Outlook:** - **Growth Potential:** Targeting niche markets and ensuring compliance with ethical standards and regulations. - **Risks:** High competition, regulatory challenges, and potential ethical concerns related to FRT. **Risk Factors:** - **Financial Risks:** Dependence on additional financing, significant operating losses, and uncertainty about future revenue generation. - **Operational Risks:** Competition, technological changes, and regulatory challenges. - **Ethical Risks:** Concerns about racial bias and privacy issues in FRT. **Financial Condition:** - **Assets:** $0 in total assets as of December 31, 2024. - **Liabilities:** $573,575 in total current liabilities. - **Stockholders' Deficit:** $573,575, indicating a weak financial position. **Market Position Changes:** - **Stock Symbol:** Traded as "CCTC" on the OTCQB Marketplace since November 2024. - **Share Price:** Significant volatility, with high and low prices ranging from $0.10 to $111.55 in 2024. **Corporate Governance:** - **Board of Directors:** Comprised of Waqas Nakhwa, Andrew Gaudet, Navneet B. Tayal, and Vineet Jawa. - **Executive Compensation:** Waqas Nakhwa and Andrew Gaudet receive $5,000 per month and significant stock-based compensation. **Shareholder Information:** - **Outstanding Shares:** 29,276,895 as of March 25, 2025. - **Major Shareholder:** Waqas Nakhwa holds 66.53% of the total voting stock. **Conclusion:** Catalyst Crew Technologies Corp. is in a critical phase, transitioning to FRT with significant financial challenges and operational risks. The company's success will depend on its ability to navigate regulatory hurdles, address ethical concerns, and secure additional financing to sustain operations and growth.