GHST World Inc., a company specializing in consulting services and innovative wearable technology, has released its Form 10-Q report for the quarter ended December 31, 2023. The report highlights significant financial and operational developments, including a notable increase in revenue and ongoing product development efforts.
Financial Highlights
- Revenues: $15,854 for the three months ended December 31, 2023, compared to no revenue for the same period in 2022. For the six months ended December 31, 2023, revenues were $39,695, also compared to no revenue in the same period of 2022.
- Net Loss: $380,704 for the three months ended December 31, 2023, compared to $23,586 for the same period in 2022. For the six months ended December 31, 2023, net loss was $436,800 compared to $72,221 for the same period in 2022.
- Net Loss Per Common Share - Basic and Diluted: $(0.00) for both the three months and six months ended December 31, 2023, and December 31, 2022.
Business Highlights
- Revenue Segments: The company generated $15,854 in revenue during the three months ended December 31, 2023, primarily from consulting services provided through InSSiDe World. This marks a significant operational shift as there was no revenue in the same period of 2022.
- New Product Launches: The company continued product development efforts for its Smart Shin Guard, focusing on finalizing specifications for an initial prototype. This wearable device is designed to monitor players' physical and performance metrics in real-time.
- New Business Ventures: InSSIDeWorld has initiated services related to security research at stadiums for sporting events, indicating a diversification into new operational areas.
- Operational Challenges: The company faces challenges in commercializing its products due to supply chain issues, inflation, and adverse market conditions, which could impact the timing and success of product launches.
- Future Outlook: The company plans to continue developing its Smart Shin Guard and expand into clean energy and security sectors through InSSIDe World. However, it acknowledges the need for substantial additional financing to support these initiatives.
SEC Filing: