KEEMO Fashion Group Ltd, a leading player in the apparel and garment trading industry, has released its Form 10-Q report for the third quarter ended October 31, 2023. The report provides a detailed overview of the company's financial performance and operational highlights, reflecting its activities primarily within the Chinese market.
Financial Highlights
- Revenue: $6,516,000, generated from the Company's apparel & garment trading business for the three months ended October 31, 2023.
- Gross Profit: $3,111,000, reflecting the difference between revenue and cost of revenue.
- Net Loss: $25,867,000, indicating a significant increase in loss compared to the same period in 2022, primarily due to higher general and administrative expenses.
- Net Loss Per Share - Basic and Diluted: $0.00, based on a weighted average number of common shares outstanding of 5,500,000.
Business Highlights
- Revenue Segments: The company operates in the apparel and garment trading business, focusing on wholesaling to distributors mainly based in Asian countries. Revenue for the three months ended October 31, 2023, was generated entirely from this segment.
- Geographical Performance: The company is headquartered in Shenzhen, China, and primarily operates within the Chinese market. All revenue for the reporting period was generated from operations in China.
- Sales Units: The company reported a total revenue of $6,516 for the three months ended October 31, 2023, indicating sales activity in its apparel and garment trading business.
- Future Outlook: The company expects to finance its operations primarily through cash flow from revenue and continuing financial support from a shareholder. The management has indicated the intent and ability to provide additional financing if required to support future operations.
SEC Filing: