Mon, Mar 31, 9:18 PM (20 days ago)
**Global Arena Holding, Inc. (GAHC, ticker: GAHC) Q3 2024 Financial Summary** Global Arena Holding, Inc. (GAHC) reported a challenging quarter with significant financial uncertainties. The company's quarterly revenue increased to $350,041, up from $268,304 in the same period last year, driven by fewer elections held in 2023. However, operating expenses rose to $456,458, leading to a loss from operations of $106,417. The company's net loss for the quarter was $422,167, compared to $169,458 in Q3 2023. **Key Financial Metrics:** - **Revenue:** $350,041 (Q3 2024) vs. $268,304 (Q3 2023) - **Operating Expenses:** $456,458 (Q3 2024) vs. $346,844 (Q3 2023) - **Net Loss:** $422,167 (Q3 2024) vs. $169,458 (Q3 2023) - **Cash Flow:** Net cash used in operating activities was $182,242 for the nine months ended September 30, 2024. - **Cash Position:** Ending cash balance was $8,138 as of September 30, 2024. **Profit Margins and Cash Flow:** GAHC's gross profit margin remains under pressure due to high operating expenses, particularly in professional fees and printing costs. The company's cash flow from operations is negative, indicating liquidity challenges. GAHC has been relying on convertible promissory notes and other financing activities to sustain operations. **Earnings Changes and Trends:** The company's earnings per share (EPS) continue to be negative, reflecting the ongoing financial struggles. The trend shows increasing revenues but also rising expenses, leading to widening losses. GAHC's ability to generate positive cash flow is crucial for its survival. **Future Operations and Uncertainties:** GAHC faces substantial doubt about its ability to continue as a going concern. The company is dependent on raising additional capital and obtaining financing to continue operations. Management is hopeful about securing additional funds but acknowledges the risks involved. The company is also exploring potential acquisitions and new business ventures to create a sustainable business model. **Legal and Regulatory Risks:** GAHC is involved in several legal proceedings, including settlements and ongoing litigation, which add to the financial burden. The company has been able to settle some claims but faces significant outstanding debts and potential future liabilities. **Conclusion:** GAHC's Q3 2024 financial results highlight the company's ongoing financial challenges. While there are efforts to increase revenues and secure financing, the company's ability to achieve profitability and positive cash flow remains uncertain. Investors should closely monitor GAHC's progress in securing additional capital and executing its business plan.