Mon, Mar 3, 2:31 PM (48 days ago)
Birdie Win Corporation (Ticker: BIRDIE) reported its quarterly results for the period ending January 31, 2025. The company generated revenue of $10,000 for Q1 2025, consistent with Q1 2024, and total revenue for the six-month period reached $20,000, up from $15,000 in the prior year. Operating expenses decreased to $9,096 for Q1 2025 from $10,120 in Q1 2024, primarily due to lower professional fees. The company achieved a net income of $904 in Q1 2025, a recovery from a net loss of $120 in Q1 2024. For the six-month period, net income was $821 compared to a loss of $12,113 in the same period last year. As of January 31, 2025, total assets amounted to $11,191, down from $12,894 at the previous fiscal year-end, with cash and cash equivalents at $681. Current liabilities were $10,665, a decrease from $13,190. The company continues to face uncertainties including customer concentration risks, as all revenue is derived from a single customer. The management noted weaknesses in internal controls and highlighted the need for improved governance structures. Future operations may be impacted by these risks and the company's ongoing evaluation of accounting standards.