Guru App Factory Corp. Reports No Revenue and Significant Losses in Latest 10-Q Filing

Guru App Factory Corp. reported significant financial challenges in its latest 10-Q filing for the period ending April 30, 2025. The company recorded no revenue for the three-month period, a stark decline from $53,000 in the same period the previous year. For the nine-month period, revenue totaled $94,500, up from $78,000 year-over-year. Despite this increase in revenue for the nine-month period, the company continues to face substantial losses, with a net loss of $31,215 compared to $19,425 in the prior year.

The company's total assets have decreased significantly, falling to $12,824 from $68,190 as of July 31, 2024. This decline is primarily attributed to a reduction in cash and cash equivalents, which dropped to $692 from $23,043. Current liabilities also decreased to $1,651 from $25,803, indicating a reduction in financial obligations. However, stockholders' equity has also diminished, falling to $11,173 from $42,387, reflecting the ongoing financial strain.

In terms of operational developments, Guru App Factory underwent a change in control on April 22, 2025, when Mr. Bong Dennis acquired a majority stake in the company. Following this transaction, Mr. Dennis was appointed as the new President, CEO, and CFO, while previous majority shareholder Mr. Deniss Volkovs and Director Alexandr Chiciuc resigned. Despite this leadership change, the company has not announced any alterations to its existing business strategy, which focuses on mobile application development and software consulting services.

The company’s financial outlook remains uncertain, as it has accumulated losses of $54,947 since its inception in March 2023. Management has indicated that additional capital will be necessary to sustain operations and meet long-term requirements. The company plans to seek funding through equity or debt financing, although it acknowledges the risks associated with raising capital and the potential dilution of existing shareholders. The management's ability to secure necessary funding will be critical for the company's future operations and growth.

Overall, Guru App Factory Corp. is navigating a challenging financial landscape, with a pressing need for capital and a strategic focus on its core business areas. The recent management changes may provide new direction, but the company must address its financial instability to ensure its viability moving forward.