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 quarter ended December 31, 2024. The report provides a detailed overview of the company's financial performance and operational activities during the period.
Financial Highlights
- Revenues: $3,005,008. The decrease in revenue is primarily attributed to a decline in recruitment activities of premium Force Club members.
- Gross Profit: $1,859,637. This reflects the company's ability to manage cost of revenues effectively despite a decline in total revenues.
- Loss from Operations: $(758,106). The increase in loss from operations is due to higher operating expenses relative to the reduced revenue.
- Net Loss: $(774,189). The increase in net loss is attributed to a decrease in revenue.
- Loss Per Common Share: $(0.02). This reflects the impact of the net loss on shareholders.
Business Highlights
- Revenue Segments: The company operates primarily through its Force Club Membership and Connector Plan Membership. For the three months ended December 31, 2024, the Force Club Membership Fee generated $1,968,768, while the Connector Plan Membership Fee contributed $1,019,955.
- 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: