Alixo-Yolloo Corporation Reports 189% Revenue Growth but Increased Net Losses

Alixo-Yolloo Corporation reported its financial results for the three months ending May 31, 2025, revealing a significant increase in revenue but continued net losses. The company generated total revenue of $11,476, a 189% increase from $3,972 in the same period last year. This growth is attributed to an expanded customer base and increased business activity, particularly in the sale of Application Programming Interface (API) packages. However, the company's total expenses also rose sharply to $43,002 from $16,284, primarily due to higher professional fees and marketing costs, leading to a net loss of $31,526 compared to a loss of $12,312 in the prior year.

In terms of financial position, Alixo-Yolloo's total assets increased slightly to $117,443 as of May 31, 2025, from $116,464 at the end of February 2025. However, the company's liabilities also rose significantly to $143,569, up from $111,064, driven by increases in accounts payable and deferred revenue. As a result, stockholders' equity shifted from a positive $5,400 to a deficit of $26,126, reflecting an accumulated deficit of $65,026. The company noted substantial doubt about its ability to continue as a going concern, emphasizing the need for profitable operations or additional financing.

Operationally, Alixo-Yolloo has made strides in its product offerings, including the development of its mobile application, Alixo, which helps users identify music tracks. The company has also expanded its API rental service, allowing other applications to utilize its music recognition technology. As of the latest filing, the company has not reported any significant changes in customer counts or user statistics, but it continues to focus on enhancing its technology and user experience.

The company has also undergone some organizational changes, including the cancellation of 3,000,000 restricted shares by director Rassul Sadukbayev, which reduced the total outstanding shares from 6,695,000 to 3,695,000. This move is expected to impact the company's capital structure positively. Additionally, the company appointed a new Secretary, Anastasiia Zadorozhna, following the resignation of Roman Zhezhel from that position.

Looking ahead, Alixo-Yolloo plans to continue developing its application and API services, with a focus on expanding its market presence and enhancing user engagement. The company aims to explore new business opportunities globally and improve its product offerings through strategic partnerships and acquisitions. However, the management acknowledges the challenges ahead, particularly in achieving profitability and securing necessary financing to support ongoing operations.