Fri, Jun 20, 7:47 PM (24 days ago)
### OpenLocker Holdings, Inc. (OLCK) - Q1 2025 Financial Summary **Financial Health and Performance:** - **Revenue:** For the three months ended April 30, 2025, revenue was $0, down from $19,338 in 2024. For the nine months ended April 30, 2025, revenue was $126, down from $35,648 in 2024. - **Profit Margins:** The company reported a net loss of $117,694 for Q1 2025, compared to a net loss of $53,235 in Q1 2024. For the nine months ended April 30, 2025, the net loss was $452,843, down from $666,213 in 2024. - **Cash Flow:** The company used $157,054 in cash for operations in the nine months ended April 30, 2025, compared to $328,583 in 2024. The company had $5,216 in cash as of April 30, 2025. - **Earnings Changes:** The company's earnings per share (EPS) remained at $0.00 for both Q1 2025 and Q1 2024. **Quarterly Performance Discussion:** - **Revenue Trends:** The significant drop in revenue is attributed to limited capital and management resources, which hindered business execution. - **Operating Expenses:** Operating expenses for Q1 2025 were $79,877, up from $50,927 in Q1 2024, primarily due to general and administrative expenses. - **Other Income/Expenses:** Other expenses for Q1 2025 included a gain on settlement of debt, loss on conversion of debt, interest expense, and amortization of debt discount. **Uncertainties and Future Operations:** - **Going Concern:** The company faces substantial doubt about its ability to continue as a going concern within the next twelve months due to significant losses and negative cash flows. - **Capital Raising:** The company plans to raise additional capital through various means, including private placements, common stock offerings, and convertible notes. - **Strategic Plans:** The company aims to pursue additional capital raising opportunities, explore partnering or distribution opportunities, identify strategic acquisitions, and capitalize on unique market opportunities. **Management's Outlook:** - **Liquidity Risk:** The company manages liquidity risk by reviewing sources of liquidity and capital requirements. The company intends to raise additional debt or equity capital to sustain operations. - **Future Operations:** The company is committed to acquiring revenue-generating entities and executing a newly evolving business plan to contribute to future profitability. **Ticker:** OLCK **Summary:** OpenLocker Holdings, Inc. reported significant financial challenges in Q1 2025, with a notable decline in revenue and continued net losses. The company is focusing on raising additional capital and executing strategic plans to improve its financial health and operational performance. The going concern uncertainties highlight the need for immediate and sustained financial support to ensure the company's continued operations.