Mon, Dec 30, 8:36 PM (49 days ago)
StageWise Strategies Corp. (Ticker: SWSC) reported a challenging fiscal year ending September 30, 2024, with revenues of $9,007 and a net loss of $30,615, reflecting a significant increase in operating expenses to $39,630, primarily due to professional fees and amortization. The company, focused on providing SEO solutions to entrepreneurs, generated no revenue in the previous year. As of September 30, 2024, total liabilities rose to $145,330, mainly from loans owed to director Yuliia Zaporozhan, highlighting financial strain. The company’s cash position worsened, with only $11,343 in reserves against substantial liabilities. StageWise's business model includes subscription plans for enhanced SEO services, but economic conditions and competition from established firms like SEMrush pose risks to growth. Management aims to raise additional capital to support operations and execute its business plan, though the ability to do so remains uncertain. The board lacks experience in public company management, which may hinder compliance and operational effectiveness. Despite these challenges, StageWise is committed to improving its offerings and expanding its market presence through strategic enhancements and funding efforts.