Fri, Jan 10, 2:53 PM (7 days ago)
Alixo-Yolloo Corporation (Ticker: N/A) reported its Q3 results for the period ending November 30, 2024. The company generated revenues of $8,842,000, a significant increase from $3,293,000 in the same period last year. However, total expenses rose sharply to $9,145,000 from $3,793,000, primarily due to increased marketing and administrative costs. The net loss for the quarter was $303,000, slightly improved from a loss of $500,000 in Q3 2023. For the nine-month period, revenues totaled $23,425,000 compared to $18,226,000, while losses expanded to $22,071,000 from $6,071,000 year-over-year. As of November 30, 2024, cash reserves dwindled to $1,237,000 from $9,073,000, with total liabilities increasing to $89,479,000, raising concerns about the company’s ability to continue as a going concern. The accumulated deficit reached $32,913,000, reflecting ongoing operational challenges. The company plans to finance operations through existing cash and potential loans. Future strategies include expanding the Alixo app and enhancing API services to drive growth. However, significant uncertainties remain regarding financing and operational sustainability.