Helio Corporation Reports 29.3% Revenue Decline and Increased Net Losses for Quarter Ended April 30, 2025

Helio Corporation reported its financial results for the three and six months ended April 30, 2025, revealing a total revenue of $1.17 million for the quarter, a decrease of 29.3% from $1.66 million in the same period last year. For the six-month period, revenue was $2.60 million, down 29.3% from $3.67 million in the prior year. The company experienced a gross profit of $194,365 for the quarter, compared to $599,171 in the previous year, while the gross profit for the six months was $605,093, down from $1.39 million. Helio reported a net loss of $1.02 million for the quarter, compared to a loss of $753,388 in the same period last year, and a total net loss of $1.93 million for the six months, up from $995,113.

The company’s financial position showed significant changes, with total assets decreasing to $2.12 million as of April 30, 2025, down from $3.41 million at the end of October 2024. Current liabilities increased to $3.30 million, compared to $2.07 million in the previous fiscal period. The shareholders' deficit widened to $2.45 million from $602,175, primarily due to the increased net losses and the impact of stock-based compensation. The company’s cash reserves also fell sharply, ending the period with $15,699, a decrease of $535,853 from $551,552 at the end of October 2024.

Operationally, Helio Corporation has been focusing on its aerospace technology and engineering services, with its wholly-owned subsidiary, Heliospace, continuing to provide systems engineering and hardware for various space missions. The company has been involved in significant projects, including support for NASA missions. However, the customer base and engagement metrics have not been detailed in the filing. The company’s employee headcount remains stable at 11,263,633 shares outstanding, unchanged from the previous year.

In terms of strategic developments, Helio Corporation is pursuing additional funding through a registered offering of its securities, aiming to raise between $3 million and $5 million. This offering is subject to market conditions and negotiations with potential investors. The company is also in discussions with lenders for bridge financing to support its operations and repay outstanding debts. The management has indicated that substantial additional capital will be necessary to sustain operations and support key initiatives, including research and development, sales expansion, and infrastructure improvements.

Looking ahead, Helio Corporation has expressed uncertainty regarding its ability to continue as a going concern, given its historical operating losses and cash flow deficits. The company is actively seeking financing solutions to address its liquidity challenges and support its business plan for the foreseeable future. The management's outlook remains cautious, emphasizing the need for successful capital raising efforts to ensure operational viability.