Exceed World, Inc., a company primarily engaged in membership-based services through its Force Club and Connector Plan, has released its Form 10-Q report for the first quarter of 2025. The report highlights significant financial and operational metrics, providing insights into the company's performance and future outlook.
Financial Highlights
- Revenues: $2.32 million for the three months ended March 31, 2025, compared to $6.36 million for the same period in 2024. The decrease is primarily attributed to a decline in recruitment activities of premium Force Club members.
- Gross Profit: $1.10 million for the three months ended March 31, 2025, compared to $3.33 million for the same period in 2024.
- Income (loss) from operations: $(1.62) million for the three months ended March 31, 2025, compared to $0.28 million for the same period in 2024.
- Net loss: $(1.63) million for the three months ended March 31, 2025, compared to $(0.16) million for the same period in 2024. The increase in net loss is attributed to a decrease in revenue.
- Loss per common share - Basic and Diluted: $(0.05) for the three months ended March 31, 2025, compared to $(0.00) for the same period in 2024.
Business Highlights
- Revenue Segments: The company operates primarily through its Force Club Membership and Connector Plan Membership. For the six months ended March 31, 2025, the Force Club Membership Fee generated $3,614,326, while the Connector Plan Membership Fee contributed $1,660,976.
- Geographical Performance: Substantially all of the company's revenue was generated in Japan, indicating a strong market presence and operational focus in this region.
- Future Outlook: The company plans to focus on expanding its sales network over the next twelve months to strengthen business activities and provide additional benefits and incentives to premium members.
SEC Filing: