Kindcard Reports $410,869 Revenue for Fiscal Year Ending January 31, 2025, Down 15.6%

Kindcard, Inc. reported a total revenue of $410,869 for the fiscal year ending January 31, 2025, a decrease of approximately 15.6% from the previous year's revenue of $486,843. The revenue breakdown for the current year included $27,151 from commission revenue, $378,560 from gift card program revenue, and $5,158 from other revenue. The decline in revenue was primarily attributed to decreases in both gift card program and commission revenues. The company's cost of revenue slightly increased to $97,278 from $96,962 in the prior year, resulting in a net loss of $252,221, an improvement from the net loss of $261,372 reported for the year ending January 31, 2024.

In terms of operational changes, Kindcard has made significant strides in its product offerings. The "Pay With Deb" consumer app was recently approved for use on both Apple and Google platforms, marking a key milestone for the company. Additionally, Tendercard, Inc. is in the process of upgrading its servers to ensure a 99.9% uptime for its subscribers. The company has also entered into a partnership with The Restaurant Heroes Franchisor Group to market its gift card and loyalty platform to franchisees nationwide.

The company’s user engagement metrics indicate a focus on expanding its customer base. Kindcard aims to capture a significant share of the mobile wallet market through its proprietary app and merchant services platform. As of January 31, 2025, the company employed two full-time staff members and relied on independent contractors for additional support. The company is actively seeking to grow its workforce to enhance its operational capabilities.

Financially, Kindcard faces challenges, with a working capital deficit of $929,357 and an accumulated deficit of $1,422,134 as of January 31, 2025. The company’s cash balance decreased slightly to $9,089 from $9,647 in the previous year, raising concerns about its ability to sustain operations without additional funding. The management has indicated that it will seek to raise capital through private placements and advances from related parties to support its business plan and operational needs.

Looking ahead, Kindcard's management has expressed optimism about the potential for growth in the payments industry, particularly as it continues to develop its alternative payment solutions. However, the company acknowledges the need for additional funding to meet its ongoing obligations and to achieve profitable operations. The ability to secure this funding will be critical to the company's future viability and growth trajectory.