Birdie Win Corp, a company specializing in Personal Financial Literacy Seminar services, has released its Form 10-Q report for the quarter ended January 31, 2024. The report highlights significant financial and operational developments, showcasing the company's growth trajectory and strategic focus.
Financial Highlights
- Revenue: $10,000 for the three months ended January 31, 2024, compared to $5,000 for the same period in 2023, reflecting an increase due to the provision of Personal Financial Literacy Seminar services.
- Revenue: $15,000 for the six months ended January 31, 2024, compared to $10,000 for the same period in 2023, indicating growth in seminar services provided.
- Net Loss: $(120) for the three months ended January 31, 2024, compared to $(1,177) for the same period in 2023, showing a reduction in net loss.
- Net Loss: $(12,113) for the six months ended January 31, 2024, compared to $(2,223) for the same period in 2023, primarily due to increased general and administrative expenses.
- Net Loss Per Common Share – Basic and Diluted: $(0) for both the three and six months ended January 31, 2024 and 2023, indicating no change in per-share loss.
Business Highlights
- Revenue Segments: The company generated revenue from Personal Financial Literacy Seminar services, focusing on customers in Malaysia and Hong Kong. For the six months ended January 31, 2024, one customer accounted for 100% of the company's revenues.
- Geographical Performance: The company operates primarily in Malaysia and Hong Kong, with all reported revenue for the six months ended January 31, 2024, coming from these regions. The company has a permanent establishment in Malaysia, subject to local tax regulations.
- Sales Units: The company did not report specific sales units or production volumes but highlighted its focus on providing financial literacy seminars.
- Future Outlook: The company expects to continue financing its operations through revenue generation and financial support from a shareholder. The management has indicated the intent and ability to provide additional financing if required to achieve strategic objectives.
SEC Filing: