Tue, Apr 15, 7:56 PM (5 days ago)
**World Health Energy Holdings, Inc. (WHEN) (OTC: WHEN) - 2024 Annual Report (SEC Form 10-K)** **Financial Performance:** - **Revenue:** $166,028 (2024) vs. $207,709 (2023) - **Net Income:** -$4,902,480 (2024) vs. -$7,050,400 (2023) - **Operating Expenses:** $4,090,027 (2024) vs. $6,900,154 (2023) - **Earnings per Share:** -$0.00 (2024 & 2023) **Strategic Overview:** - **Core Business:** Global telecom and cybersecurity technology. - **Subsidiaries:** RNA Ltd. (Israel, cybersecurity R&D) and CrossMobile Sp z o.o. (Poland, MVNO). - **Acquisitions:** CrossMobile (51% stake), Instaview (26% stake), strategic alliances with Intent HQ and Terra Zone Ltd. - **Product Offerings:** Cyber Care (B2B & B2C cybersecurity solutions) and Mobile Telecom GSM services. **Future Outlook:** - **Growth Strategy:** Expand Cyber Care and Mobile Telecom services, enter new markets (North Africa, USA, Europe). - **Revenue Growth:** Focus on software, services, and licensing. - **Market Position:** Competitive advantages in telecom and cybersecurity sectors. **Risk Factors:** - **Financial Condition:** Dependent on funding from director George Baumeohl, substantial doubt about continuing as a going concern. - **Operational Risks:** High competition, technological changes, regulatory environment. - **Market Risks:** Fluctuations in demand, currency exchange rates, economic instability. - **Legal Risks:** Ongoing lawsuits, regulatory compliance. **Market Position Changes:** - **Competitive Landscape:** Faces competition from larger, more established companies in cybersecurity and telecom sectors. - **Strategic Alliances:** Partnerships with Intent HQ and Terra Zone Ltd. to enhance cybersecurity offerings. **Management Discussion:** - **Financial Condition:** Negative working capital, dependent on additional funding. - **Liquidity:** Cash balance of $63,188, plans to raise additional capital. - **Capital Resources:** Seeking equity or debt financing, strategic alliances, and marketing arrangements. **Governance and Ethics:** - **Board Structure:** Limited number of directors, no independent audit committee. - **Ethics:** Adopted a Code of Ethics and Business Conduct. **Summary:** WHEN faces significant financial challenges but is strategically positioning itself for growth in the telecom and cybersecurity markets. The company's ability to secure additional funding and navigate competitive pressures will be crucial for its future success.