Atlantis Glory Inc. Reports Q1 2025 Financial Results with $8,954 Net Loss

Atlantis Glory Inc. reported its financial results for the first quarter of 2025, revealing a net loss of $8,954, a slight improvement from the net loss of $9,005 recorded in the same period of 2024. The company reported no revenue for both quarters, indicating a continued lack of operational income. Operating expenses decreased marginally from $9,005 in Q1 2024 to $8,954 in Q1 2025, primarily due to stable professional fees. The weighted average number of shares outstanding remained constant at 603,970,000, resulting in an unchanged earnings per share of $(0.00) for both periods.

In terms of financial position, Atlantis Glory's total liabilities increased to $180,383 as of March 31, 2025, compared to $171,429 at the end of 2024. This increase was largely attributed to a rise in amounts due to related parties, which reached $173,983. The company’s accumulated deficit also grew to $1,116,162, reflecting ongoing operational challenges and the absence of revenue-generating activities. The company has been dormant since May 2020 and continues to rely on financial support from stockholders or external financing to sustain its operations.

Strategically, Atlantis Glory has been exploring potential business combinations, including reverse mergers or asset purchases, to revitalize its operations. However, as of the reporting date, management had not engaged in discussions with any potential partners. The company’s management acknowledges the risks associated with identifying and executing a viable business plan, particularly in light of the ongoing economic uncertainties exacerbated by the COVID-19 pandemic.

Operationally, the company has not reported any significant changes in customer counts or engagement metrics, as it has not engaged in any business activities that would generate such data. The company’s management has indicated that it may need to conduct equity or debt financings within the next 12 months to meet its working capital requirements. The lack of diversification in potential business combinations poses a substantial risk, as the company may only be able to pursue one opportunity due to limited capital resources.

Looking ahead, Atlantis Glory's management remains cautious about the company's future, emphasizing the need for additional funding to support its operations and strategic initiatives. The company’s ability to continue as a going concern is contingent upon securing sufficient financial resources, which may involve issuing new equity or debt securities. The management's outlook reflects a commitment to exploring business opportunities while navigating the inherent risks associated with its current financial and operational status.