Wed, Mar 19, 9:27 PM (32 days ago)
**Hestia Insight Inc. (HSTA) 2024 Financial Performance Summary** **Financial Performance:** - **Revenue:** $1,249,884 (2024) vs. $113,413 (2023) - **Net Income:** $642,205 (2024) vs. $(500,405) (2023) - **Operating Expenses:** $398,355 (2024) vs. $415,061 (2023) - **Earnings per Share:** $0.02 (2024) vs. $(0.02) (2023) **Strategic Overview:** - **Business Model:** Focus on healthcare and biotech sectors through subsidiaries Hestia Investments and Hestia Vending. - **Key Initiatives:** Vending machine pilot program and strategic partnerships. - **Market Position:** Targets small and micro-cap companies with limited access to growth capital. **Future Outlook:** - **Growth Plans:** Expansion through acquisitions, licensing, and joint ventures. - **Risks:** Dependence on key personnel, regulatory challenges, and market volatility. **Risk Factors:** - **Operational Risks:** Limited operating history, reliance on key personnel. - **Financial Risks:** Need for significant capital, dependence on external financing. - **Market Risks:** Competition, regulatory changes, and economic uncertainty. **Financial Condition:** - **Assets:** $1,146,635 (2024) vs. $194,338 (2023) - **Liabilities:** $206,306 (2024) vs. $16,214 (2023) - **Cash Flow:** Negative operating cash flow, reliance on financing activities. **Market Position Changes:** - **Stock Performance:** Trading on OTC Markets under symbol "HSTA," with volatile pricing. - **Shareholder Base:** Approximately 47 stockholders of record as of November 30, 2024. **Management and Governance:** - **Executive Compensation:** No salary reported for CEO Edward Lee; stock options granted. - **Board Composition:** Two directors, with plans to expand and include independent members. **Conclusion:** Hestia Insight Inc. showed significant revenue growth and turned a profit in 2024, but faces substantial risks related to its financial condition and market position. The company's strategic initiatives and risk management strategies will be crucial for its future success.