GHST World Inc., a company specializing in consulting services and innovative product development, has released its Form 10-Q report for the first quarter of 2024. The report highlights the company's financial performance and operational progress, marking significant milestones in revenue generation and product development.
Financial Highlights
- Revenues: $0.431 million for the three months ended March 31, 2024, compared to no revenue in the same period in 2023.
- Net Loss: $(27.915) million for the three months ended March 31, 2024, compared to a net loss of $20,998 in the same period in 2023.
- Net Loss Per Common Share - Basic and Diluted: $(0.00) for both the three months ended March 31, 2024, and 2023.
- Revenues: $40.126 million for the nine months ended March 31, 2024, compared to no revenue in the same period in 2023.
- Net Loss: $(464.714) million for the nine months ended March 31, 2024, compared to a net loss of $93,446 in the same period in 2023.
- Net Loss Per Common Share - Basic and Diluted: $(0.00) for both the nine months ended March 31, 2024, and 2023.
Business Highlights
- Revenue Segments: The company reported revenues of $431 for the three months ended March 31, 2024, primarily from consulting services through InSSiDe World. This marks the first instance of revenue generation in this period compared to no revenue in the same period of the previous year.
- New Product Launches: The company is actively developing the Smart Shin Guard, a wearable protective device for sports that includes data collection and analysis technology. This product is still in the research and development phase, with efforts ongoing to procure a newly developed prototype.
- New Production Launches: InSSiDe World is working on procuring solar panel systems and is in the process of seeking necessary financing for these systems, indicating a potential expansion into clean energy solutions.
- Future Outlook: The company anticipates increased operational expenses as it transitions from product development to production and marketing efforts for the Smart Shin Guard. Additionally, it is seeking collaboration partners and strategic alliances to advance its business and address potential supply chain issues and market conditions.
SEC Filing: