Thu, May 15, 9:09 PM (36 days ago)
**Eva Live Inc. (GOAI) - Financial Summary** **Financial Performance:** - **Revenue:** $9,330,971 (2024) vs. $5,096,543 (2023) - **Net Income:** -$3,753,268 (2024) vs. -$6,610,119 (2023) - **Earnings per Share:** -$0.12 (2024) vs. -$0.23 (2023) **Operating Expenses:** - **General & Administrative:** $7,484,914 (2024) vs. $8,678,441 (2023) - **Media Traffic Purchase:** $5,570,972 (2024) vs. $2,834,723 (2023) **Financial Condition:** - **Cash on Hand:** $76,356 (2024) vs. $472,509 (2023) - **Accumulated Deficit:** -$28,469,675 (2024) vs. -$24,716,407 (2023) - **Working Capital:** $1,560,391 (2024) vs. $652,446 (2023) **Market Position:** - **Stock Performance:** High of $16.00 and low of $3.60 (2024) - **Market Cap:** Approximately $531,546,485 (as of Dec 31, 2024) - **Shares Outstanding:** 31,342,285 **Strategic Overview:** - **Business Model:** Principal-based revenue model, leveraging AI and big data for digital marketing. - **Customer Base:** Six customers (2024), primarily from North America. - **Top Customers:** Represent 85% of revenue (2024). **Future Outlook:** - **Growth Strategy:** Expand core business, increase market share, and improve profitability through AI and machine learning. - **Capital Needs:** Requires additional capital to continue operations and growth plans. **Risk Factors:** - **Financial Health:** High dependency on top customers; significant accumulated deficit. - **Operational Risks:** Negative cash flows, need for substantial additional capital. - **Market Risks:** Dependency on digital advertising trends and technological advancements. **Amendment Details:** - **Reverse Stock Split:** 4-for-1 split effective February 11, 2025. - **Accounting Firm Change:** Dismissal of Michael Gillespie & Associates and engagement of Olayinka Oyebola & Co., later replaced by Lao Professionals. **Changes Impact:** - **Financial Statements:** Adjusted for reverse stock split; no material impact on financial condition. - **Market Position:** Aims to uplist to a national securities exchange to attract institutional investors.