Tue, May 27, 10:16 AM (28 days ago)
**Global Leaders Corp. (GLLC) Q1 2025 Financial Summary** **Financial Health:** - **Cash Position:** $232,000 (April 30, 2025) down from $570,000 (October 31, 2024). - **Stockholders' Deficit:** $134,004,000 (April 30, 2025) up from $91,016,000 (October 31, 2024). - **Current Liabilities:** $138,878,000 (April 30, 2025) up from $94,556,000 (October 31, 2024). **Performance Metrics:** - **Revenue:** $0 (Q1 2025) down from $5,112,000 (Q1 2024). - **Net Loss:** $10,320,000 (Q1 2025) up from $7,770,000 (Q1 2024). - **Operating Expenses:** $10,320,000 (Q1 2025) down from $12,882,000 (Q1 2024). **Cash Flow:** - **Net Cash Used in Operations:** $44,660,000 (H1 2025) up from $39,825,000 (H1 2024). - **Financing Activities:** $44,322,000 (H1 2025) down from $97,101,000 (H1 2024). **Earnings Changes:** - **Net Loss Increase:** $2,550,000 (Q1 2025 vs. Q1 2024). - **Revenue Decline:** $5,112,000 (Q1 2024) to $0 (Q1 2025). **Quarterly Performance Discussion:** - **Revenue:** No revenue generated in Q1 2025, a significant decline from $5,112,000 in Q1 2024. - **Expenses:** Operating expenses decreased to $10,320,000 in Q1 2025 from $12,882,000 in Q1 2024. - **Net Loss:** Increased to $10,320,000 in Q1 2025 from $7,770,000 in Q1 2024. **Trends:** - **Revenue Trend:** Declining, with no revenue in Q1 2025. - **Expense Trend:** Decreasing, but still high relative to revenue. - **Cash Flow Trend:** Negative cash flow from operations, reliant on financing. **Uncertainties:** - **Going Concern:** Substantial doubt about the ability to continue as a going concern within one year. - **Financial Support:** Dependent on continued financial support from officers and shareholders. **Future Operations Impact:** - **Growth Plans:** Plans may be hindered by market conditions, employee attraction, and competitive pressures. - **Financial Health:** Critical need for additional financing to sustain operations and implement business plans. **Ticker:** GLLC