10-K - KHEOBA CORP. (0001909770) (Filer)

Fri, Jan 3, 4:38 PM (10 days ago)

Kheoba Corp. (KHEO) reported significant growth in its fiscal year ending October 31, 2024, with revenue increasing to $41,055 from $16,000 in the previous year. This rise is attributed to an increase in sales volume, particularly from tourism programs and CRM software sales. However, the company incurred a net loss of $34,295, up from a loss of $47, largely due to heightened operating expenses totaling $61,350, which included marketing and professional fees. Kheoba's assets grew to $36,541, driven by investments in software and website development. Current liabilities surged to $32,408, raising concerns about liquidity and the company's ability to continue as a going concern. The company relies on raising additional funds through share sales to support its operations and technology development. Strategically, Kheoba aims to differentiate itself in the travel industry by focusing on localized offerings in Georgia and Tenerife, leveraging AI for tour selection and an integrated CRM system for tour guides. Key risks include reliance on a limited customer base and ongoing funding needs. Overall, while Kheoba shows promise with its online platform and growth trajectory, its financial stability remains precarious, necessitating careful monitoring by investors.