Wed, Mar 26, 6:33 PM (31 days ago)
**Galaxy Enterprises Inc. (Ticker: Not Provided) Q2 2025 Financial Summary** Galaxy Enterprises Inc. reported a net loss of $5,303,000 for the six months ended January 31, 2025, compared to a net loss of $8,227,000 in the same period last year. The company's current assets decreased slightly to $15,046,000 from $15,638,000, while liabilities increased to $43,863,000 from $39,152,000. The company has not generated any revenue to date and continues to operate at a loss, raising substantial doubt about its ability to continue as a going concern. **Key Financial Metrics:** - **Revenue:** $0 (no revenue generated) - **Net Loss:** $5,303,000 (six months ended January 31, 2025) - **Cash Flow from Operating Activities:** -$592,000 - **Current Assets:** $15,046,000 - **Current Liabilities:** $43,863,000 - **Stockholders' Equity:** -$28,817,000 **Performance and Trends:** - The company has incurred an accumulated deficit of $112,217,000 as of January 31, 2025. - Galaxy Enterprises intends to commence operations in real estate management and consulting services, focusing on the Las Vegas area. - The company plans to raise additional capital through the sale of equity or debt securities to meet long-term operating requirements. **Uncertainties and Future Operations:** - The company's auditor has expressed substantial doubt about its ability to continue as a going concern. - Galaxy Enterprises will need to raise capital in the next twelve months to continue operations. - The company's future success depends on generating profitable operations and obtaining necessary financing. **Management's Discussion:** - Management intends to finance operating costs with existing cash on hand and proceeds from its public offering. - There are no written or verbal commitments from shareholders, directors, or officers to provide the company with any form of cash advances, loans, or other sources of liquidity. - The company has not commenced pursuing its business plan due to a focus on raising initial capital.