Alixo-Yolloo Corporation, a Nevada-based company established in 2019, reported a significant increase in revenue for the fiscal year ending February 28, 2025. The company generated total revenue of $37,760, marking a 75% increase from $21,518 in the previous fiscal year. This growth is attributed to an expanded customer base and increased business activity, particularly through the sale of Application Programming Interface (API) packages. Despite the revenue growth, Alixo-Yolloo recorded a net loss of $22,658, compared to a loss of $6,771 in the prior year, primarily due to a 120% rise in operating expenses, which totaled $60,418.
The company's operational strategy has included the acquisition of a proprietary database employing advanced neural network technology, enhancing its music recognition capabilities. This database, which contains 50 million tracks, was acquired on August 30, 2024, as part of a broader effort to improve the Alixo app and its API rental service. The company aims to further develop the app by adding features such as personal playlists and social media integration, while also exploring global market opportunities and increasing brand awareness through targeted marketing efforts.
Alixo-Yolloo's financial position reflects challenges, with total liabilities rising to $111,064 from $79,998 a year earlier. The company reported cash reserves of $13,861, up from $9,073, but its shareholders' equity decreased significantly from $28,058 to $5,400, indicating a deteriorating financial condition. The accumulated deficit has also grown to $33,500, raising concerns about the company's ability to continue as a going concern without additional financing or profitable operations.
The company has not yet commenced trading on the OTC Markets under the symbol 'ALXY', and as of May 28, 2025, it had 6,695,000 shares of common stock issued and outstanding. Alixo-Yolloo has not declared or paid dividends since its formation and does not anticipate doing so in the foreseeable future. The management acknowledges the need for additional capital to support operations and plans to finance costs through existing cash reserves and loans from directors.
Looking ahead, Alixo-Yolloo Corporation is focused on enhancing its technology and expanding its market presence. The management is committed to improving user experience and adapting to market trends while monitoring financial performance closely. However, the company faces substantial doubt regarding its ability to continue operations without generating sufficient revenue or securing additional funding.
About ALIXO-YOLLOO CORP.
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