Mon, May 5, 10:10 AM (8 days ago)
**Jocom Holdings Corp. (JOCM) - Financial Summary** **Financial Performance (in thousands, 000s):** - **Revenue:** $24 for both 2024 and 2023, derived from data analytic services. - **Net Income:** $68.52 for 2024, compared to a net loss of $156.89 for 2023. - **Operating Expenses:** $87.16 for 2024, significantly lower than $217.12 for 2023. - **Earnings per Share:** Not explicitly stated, but implied to be positive for 2024 due to net income. **Strategic Overview:** - **Business Model:** Provides data analytic services focusing on customer behavior and predictive analysis, primarily for the online grocery market. - **Key Products:** "JOCOM AI Smart Platform" for analyzing buying patterns and "Logistic Predictive Algorithm" for optimizing delivery routes. - **Market Position:** Operates in Malaysia with plans to expand to other Southeast Asian regions. **Future Outlook:** - **Expansion Plans:** Aims to expand services to additional customers and geographic regions. - **Technological Development:** Plans to develop a logistic prediction algorithm and a mobile commerce platform. **Risk Factors:** - **Financial Stability:** Significant accumulated losses and capital deficiency raise substantial doubt about the company's ability to continue as a going concern. - **Market Risks:** Dependence on a single client and potential fluctuations in exchange rates. **Financial Condition:** - **Cash Flow:** Positive operating cash flow of $2.28 for 2024, compared to a negative $115.32 for 2023. - **Liquidity:** Limited cash reserves, with $2.48 in cash and cash equivalents as of December 31, 2024. **Market Position Changes:** - **Stock Performance:** Traded on the OTC Markets under the symbol JOCM since July 31, 2024, with a high bid and low bid of $1.18 for the fourth quarter of 2024. - **Shareholders:** 57,680,500 shares issued and outstanding as of December 31, 2024. **Corporate Governance:** - **Board and Management:** Small board with limited independence, no formal audit committee or code of ethics. - **Executive Compensation:** No significant compensation reported for 2024. **Key Financial Metrics:** - **Revenue Growth:** Stable but limited, with no growth from 2023 to 2024. - **Profitability:** Improved significantly in 2024 due to lower operating expenses and reversal of doubtful debts. - **Liquidity:** Positive operating cash flow in 2024, but overall financial condition remains precarious. **Conclusion:** Jocom Holdings Corp. shows potential for growth in the data analytics and logistics sectors but faces significant financial challenges. The company's ability to expand its customer base and improve its financial stability will be crucial for its long-term success.