Caro Holdings Inc. reported a revenue of approximately $36,319 for the fiscal year ending March 31, 2025, a significant increase from the $577 recorded in the previous year. Despite this growth in revenue, the company experienced a net loss of $692,956, up from a loss of $539,041 in the prior fiscal year, reflecting a 29% increase in losses. The rise in net loss was attributed to higher operating expenses, which surged by 38% to $428,413, primarily due to increased costs in advertising, marketing, and professional fees.
The company has undergone notable strategic developments, including the acquisition of a Unified Communications Platform from Noise Comms Ltd. in December 2022, valued at $258,000. Additionally, in November 2023, Caro Holdings agreed to acquire a marketplace provider in the spirits industry, contingent on the achievement of specific revenue milestones, which could result in the issuance of up to 12,550,000 shares of common stock. These acquisitions are part of Caro's strategy to enhance its digital infrastructure and expand its service offerings.
Operationally, Caro Holdings has focused on developing integrated solutions for small to mid-sized retailers, targeting B2B, B2C, and D2C markets. The company has not reported any inventory on hand and currently has no full-time employees, relying instead on independent contractors for its operations. As of March 31, 2025, the company had a working capital deficiency of $1,344,304, an increase from $713,319 the previous year, primarily due to rising convertible notes and accrued liabilities.
Looking ahead, Caro Holdings faces substantial challenges, including its ability to continue as a going concern, as indicated by its accumulated deficit of $1,795,907. The company is dependent on raising additional capital to support its operations and implement its business plan. Management remains optimistic about securing funding and successfully executing its strategic initiatives, although there are no guarantees regarding the availability of such funds or the terms under which they may be obtained.
About Caro Holdings Inc.
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