Concrete Leveling Systems Reports Net Loss of $11,709 for Quarter Ended April 30, 2025

Concrete Leveling Systems, Inc. reported its financial results for the three and nine months ended April 30, 2025, revealing a net loss of $11,709 for the quarter, compared to a loss of $10,640 in the same period last year. For the nine-month period, the company recorded a net loss of $49,208, up from $47,096 in the prior year. Revenue remained flat at $175 for the three months ended April 30, 2025, while it increased to $483 for the nine months, up from $450 in the previous year, attributed to higher parts sales. The cost of sales for the quarter decreased slightly to $55 from $59, while for the nine months, it rose to $124 from $119, reflecting a shift in product mix.

The company's total assets as of April 30, 2025, were $19,192, an increase from $18,666 as of July 31, 2024. However, total liabilities rose significantly to $628,659 from $578,925, resulting in a stockholders' deficit of $609,467, compared to $560,259 in the previous fiscal period. The increase in liabilities was primarily due to advances from stockholders, which totaled $360,239, up from $316,510. The company continues to face challenges with liquidity, as it reported cash of $743, down from $887 at the end of the previous fiscal year.

Operationally, Concrete Leveling Systems has not reported significant changes in customer counts or geographic expansion. The company remains focused on its core business of manufacturing concrete leveling equipment, while also exploring opportunities in the gaming and hospitality sectors through its agreement with Jericho Associates, Inc. This potential diversification aims to enhance revenue streams, although the company has not yet finalized any transactions related to this initiative.

Management has expressed concerns regarding the company's ability to continue as a going concern, citing substantial operating losses and a current liabilities exceeding current assets. The company is actively seeking additional financing to support its operations and has indicated that it may need to raise funds through debt or equity securities if revenue generation does not improve. The outlook for the remainder of the fiscal year remains uncertain, with management emphasizing the need for successful product development and marketing to achieve profitability.

In summary, Concrete Leveling Systems, Inc. continues to navigate financial challenges while exploring strategic opportunities for growth. The company's focus on enhancing its product offerings and potential expansion into new markets will be critical in addressing its current financial position and achieving long-term sustainability.