Tue, Oct 29, 6:57 PM (65 days ago)
**Totaligent, Inc. (TGNT) - 10-K Summary for Fiscal Year 2023** Totaligent, Inc. reported a notable increase in revenue to $731,679 in 2023, up from $19,500 in 2022, primarily driven by managed marketing campaigns. However, the company incurred a net loss of $402,170, improved from a loss of $592,077 in the previous year. Operating expenses rose significantly to $1,004,367 due to increased compliance costs and professional fees. The company continues to face financial challenges, with negative working capital of $1,038,868 and a stockholders' deficit of $910,016, raising substantial doubt about its ability to continue as a going concern. Strategically, Totaligent plans to launch a consumer-facing digital marketing platform in Q1 2025, aiming to leverage its Database Management Platform for micro-targeting. The company is focused on expanding its capabilities through potential acquisitions and enhancing its service offerings. Key risks include reliance on external financing, competitive pressures, and regulatory challenges. Totaligent remains in a development stage with ongoing operating losses, emphasizing the need for additional funding to sustain operations and growth. The stock trades on the OTC Pink Market, reflecting its smaller reporting company status.