Mon, Mar 31, 10:17 AM (30 days ago)
**Rainmaker Worldwide Inc. (RAKR) 2024 Annual Report Summary** **Financial Performance:** - **Revenue:** $143,725 (2024) vs. $78,912 (2023) - **Net Income:** -$1,056,242 (2024) vs. -$1,229,753 (2023) - **Operating Expenses:** $364,589 (2024) vs. $623,170 (2023) - **Earnings per Share:** -$0.0528 (2024) vs. -$0.094 (2023) **Strategic Overview:** - **Business Model:** Focuses on energy-efficient freshwater production and purification technologies, primarily through Air-to-Water (AW) systems. - **Market Position:** Aims to provide sustainable water solutions globally through strategic partnerships. - **Key Partnerships:** Acquired a 60% stake in Miranda Environmental and Water Treatment Technologies, expanding its product range and distribution rights. **Future Outlook:** - **Growth Strategy:** Plans to increase revenue through independent distributors and project developers. - **Market Opportunity:** Targets regions with water scarcity, including North Africa, the Middle East, and parts of South America. - **Technological Advantage:** Offers cost-effective and scalable water solutions, powered by renewable energy sources. **Risk Factors:** - **Financial Condition:** Significant accumulated deficit and substantial doubt about the ability to continue as a going concern. - **Operational Risks:** Dependence on key personnel, regulatory challenges, and competition. - **Market Risks:** Volatility in stock price and limited market liquidity. **Financial Condition:** - **Assets:** $50,116 (2024) vs. $30,725 (2023) - **Liabilities:** $11,392,627 (2024) vs. $10,828,041 (2023) - **Cash Flow:** Negative cash flow from operating activities. **Market Position Changes:** - **Stock Performance:** Quoted on OTC: Pink under the symbol "RAKR." - **Shareholder Base:** Approximately 4,153 holders of record, with 16,347,993 shares in the public float. **Ticker:** RAKR