Mon, Apr 14, 10:03 AM (13 days ago)
**Kenilworth Systems Corporation (KENS) 2024 Annual Report Summary** **Financial Performance:** - **Revenue:** $5,000 (2024), $12,000 (2023) - **Net Income:** -$336,909 (2024), -$166,151 (2023) - **Operating Expenses:** $297,174 (2024), $196,500 (2023) - **Earnings per Share:** -$0.0067 (2024), -$0.0036 (2023) **Strategic Overview:** - **Business Focus:** Transitioning from data-driven marketing to medical travel consulting and real estate. - **Acquisitions:** Acquired 60% of Regenecell, Inc. in 2023 and plans to acquire 100% of DC Rental Portfolio LLC, pending as of March 31, 2025. - **Future Outlook:** Aims to expand Regenecell's operations and diversify into real estate, focusing on affordable housing. **Risk Factors:** - **Financial Condition:** Substantial accumulated deficit of -$39,783,011, raising doubts about the company's ability to continue as a going concern. - **Operational Risks:** Dependence on key personnel, potential difficulties in attracting and retaining talent, and the challenges of expanding business operations. - **Market Risks:** Sensitivity to economic conditions affecting discretionary consumer spending and the real estate market. **Market Position Changes:** - **Stock Trading:** Trades on the OTC Pink Sheet Market under the symbol "KENS." - **Shareholders:** Approximately 2753 registered holders of record plus an undetermined number of beneficial holders as of December 31, 2024. - **Dividends:** No dividends paid; plans to apply earnings to business expansion. **Financial Condition:** - **Liquidity:** Limited cash reserves ($834 as of December 31, 2024). - **Debt:** Note payable of $12,530 (2024), $10,600 (2023). - **Equity:** Significant accumulated deficit impacting stockholders' equity. **Future Outlook:** - **Growth Plans:** Expansion of Regenecell's medical travel services and diversification into real estate. - **Funding:** Plans to sell equity securities and obtain debt financing to support operations and growth. - **Uncertainties:** Success depends on market conditions, regulatory compliance, and the ability to execute strategic plans.