Mon, Jun 10, 10:02 AM (133 days ago)
OpenLocker Holdings, Inc. reported a net loss of $53K for Q3 2024, a significant improvement from a $652K loss in Q3 2023. Revenues dropped to $19K from $51K year-over-year, reflecting a strategic shift to fewer, more diverse sports teams. Operating expenses fell sharply to $51K from $688K, due to streamlined operations. Other expenses rose slightly to $22K, mainly from debt amortization and interest. For the nine months ended April 30, 2024, the company reported a net loss of $666K, down from $1.98M in the prior year, with revenues decreasing to $36K from $62K. The company faces liquidity challenges with $17K in cash and a $401K working capital deficit, relying on future capital raises to sustain operations.