Birdie Win Corp, a company specializing in Personal Financial Literacy Seminar (PFL Seminar) services, has released its Form 10-Q report for the quarter ended April 30, 2024. The report provides insights into the company's financial performance and operational activities, highlighting both achievements and challenges faced during the period.
Financial Highlights
Revenue: Birdie Win Corp reported revenue of $5,000 for the three months ended April 30, 2024, and $20,000 for the nine months ended April 30, 2024. This revenue was generated from providing PFL Seminar services.
Operating Expenses: The company incurred operating expenses of $9,606 for the three months ended April 30, 2024, and $36,719 for the nine months ended April 30, 2024. The increase in operating expenses was primarily due to higher professional fees and an allowance for doubtful accounts.
Net Loss: Birdie Win Corp reported a net loss of $4,606 for the three months ended April 30, 2024, and $16,719 for the nine months ended April 30, 2024. The net loss increased due to higher operating expenses.
Net Loss Per Common Share – Basic and Diluted: The net loss per common share was $0 for both the three and nine months ended April 30, 2024. The weighted average number of ordinary shares was 5,760,000.
Business Highlights
Revenue Segments: Birdie Win Corp generated revenue from its PFL Seminar services, focusing on customers in Malaysia and Hong Kong.
Geographical Performance: The company operates primarily in Malaysia and Hong Kong, with all revenue for the nine months ended April 30, 2024, attributed to these regions.
Sales Units: The company provided seminars to various participants, contributing to the reported revenue figures.
Future Outlook: Despite current financial challenges, Birdie Win Corp anticipates continuing its operations through revenue generation and financial support from shareholders.
SEC Filing: