Thu, Jul 25, 4:06 PM (44 days ago)
Peregrine Industries, Inc. reported a net loss of $174,054 for the nine months ended April 30, 2024, compared to a net loss of $344,509 for the same period in 2023. Revenues slightly decreased to $11,055 from $12,183, while gross profit improved to $9,956 from $9,215. Operating expenses were significantly reduced to $184,010 from $353,724, largely due to lower amortization and inventory impairment costs. Cash on hand decreased to $258,136 from $397,465 as of July 31, 2023. The company remains a shell entity with no active business operations, focusing on reducing costs and developing a new business plan. Future operations are uncertain, and the company is taking steps to secure necessary capital for continued operations.