Wed, Apr 2, 7:40 PM (25 days ago)
**Luduson G Inc. (LDSN) 2024 Annual Report Summary** **Financial Performance:** - **Revenue:** $14,000,000 for 2024, up from $0 in 2023. - **Net Income:** $12,421,396 for 2024, reversing a loss of $303,197 in 2023. - **Operating Expenses:** $1,512,943 for 2024, up from $285,568 in 2023. - **Earnings per Share:** $0.02 for 2024, up from -$0.00 in 2023. **Strategic Overview:** - **Business Model:** Transitioned from influencer management to boutique listing consulting. - **Market Focus:** Southeast Asia, with a strong presence in Hong Kong and Malaysia. - **Growth Strategy:** Leveraging industry relationships and expertise to facilitate public listings and capital market access. **Future Outlook:** - **Capital Requirements:** $1-2 million needed over the next 12-24 months for business expansion. - **Funding Strategy:** Equity sales and shareholder loans. - **Growth Initiatives:** Expansion into new markets and strategic partnerships. **Risk Factors:** - **Market Risks:** Volatility in interest rates, economic uncertainties, and regulatory changes. - **Operational Risks:** Dependence on key personnel, competition, and regulatory compliance. - **Financial Risks:** Currency exchange fluctuations and liquidity management. **Financial Condition:** - **Cash and Cash Equivalents:** $136,341 as of December 31, 2024. - **Liabilities:** $1,279,753 in current liabilities and $987,438 in non-current liabilities. - **Shareholders' Equity:** $20,773,002 as of December 31, 2024. **Market Position Changes:** - **Stock Performance:** Quoted on OTC Pink under the symbol “LDSN,” with volatile trading activity. - **Shareholder Base:** Approximately 295 shareholders of record as of April 2, 2025. **Corporate Governance:** - **Board Composition:** Four directors, none of whom are independent. - **Executive Compensation:** No compensation paid to executive officers in 2024. - **Audit and Compliance:** Material weaknesses in internal controls and disclosure procedures. **Conclusion:** Luduson G Inc. showed significant financial improvement in 2024, driven by strategic shifts and market expansion. However, the company faces challenges related to regulatory compliance, market volatility, and operational risks. Future growth will depend on successful capital raising and strategic initiatives.