Guru App Factory Corp. Reports 59% Revenue Decline and Increased Net Losses for Nine-Month Period Ending April 30, 2026

Guru App Factory Corp. reported its financial results for the nine-month period ending April 30, 2026, revealing a significant decline in revenue and an increase in net losses compared to the previous fiscal period. The company generated $39,000 in revenue during this period, a decrease of 59% from $94,500 in the same period last year. This decline was attributed to the absence of a large software development order that had contributed significantly to the prior year's revenue. The cost of revenue also decreased to $22,500 from $70,000, reflecting the reduced revenue generation.

The company's operating expenses for the nine-month period were $51,722, slightly lower than the $55,715 reported in the previous year. Despite the reduction in operating expenses, Guru App Factory Corp. recorded a net loss of $35,222, compared to a loss of $31,215 in the prior year. The increase in net loss was primarily due to insufficient revenue to cover operating costs. As of April 30, 2026, the company had an accumulated deficit of $102,645, up from $67,423 at the end of the previous fiscal year.

In terms of financial position, Guru App Factory Corp. reported total assets of $11,500, a notable increase from zero at the end of the previous fiscal year. However, total liabilities surged to $48,025 from $1,303, leading to a stockholders' deficit of $36,525, compared to a deficit of $1,303 previously. The increase in liabilities was largely due to advances from a related party, which amounted to $28,481 as of April 30, 2026, intended to support the company's operations.

Operationally, the company has not yet established a consistent source of revenue sufficient to cover its operating costs, raising concerns about its ability to continue as a going concern. The management indicated that the company relies on financial support from its major shareholder and is exploring options for additional equity or debt financing. The company has not made any significant acquisitions or product launches during this period, and all revenue was derived from a single customer.

Looking ahead, Guru App Factory Corp. acknowledges the need for additional capital to meet its long-term operating requirements. The management's forward-looking statements emphasize the uncertainty surrounding the company's ability to secure necessary funding and the potential impact on its operations. The company continues to operate in the mobile application development sector, focusing on consulting services and software development, but faces challenges in achieving sustainable revenue growth.