LAMY Reports Revenue Decline to $3,750 but Achieves Net Income Turnaround

LAMY, a development-stage corporation focused on the eLearning and gaming markets, reported a revenue of $3,750 for the fiscal year ending May 31, 2025, a significant decrease from $11,500 in the previous fiscal year. Despite the drop in revenue, the company achieved a net income of $51,395, a turnaround from a net loss of $25,807 in the prior year. Operating expenses increased slightly to $31,843 from $28,076, reflecting ongoing costs associated with the company's development efforts.

The company underwent a significant change in control on December 6, 2024, when Zhang Shengwu acquired approximately 67.51% of the outstanding shares, resulting in his appointment as the Sole Director and CEO. This transition included the resignation of former executives Dwight Witmer and Stephen Townsend. The change in leadership is expected to steer the company towards its strategic goal of developing an educational platform and video game, branded as twoplus1®, aimed at teaching financial literacy to children.

LAMY's operational metrics indicate a challenging environment, with no cash reserves reported as of May 31, 2025, down from $1,028 the previous year. The company has not generated positive cash flows from operating activities, with net cash used in operations amounting to $4,528 for the fiscal year. The company’s total liabilities stood at $82,348, with an accumulated deficit of $31,770, raising concerns about its ability to continue as a going concern without additional capital.

Looking ahead, LAMY's management acknowledges the need for further capital to support its operations and marketing initiatives. The company plans to seek funding from management and significant shareholders, as well as explore third-party equity and debt financing options. However, there is no assurance that these efforts will be successful, and the company remains in a precarious financial position as it seeks to establish a sustainable revenue stream.

In terms of market presence, LAMY's common stock trades on the OTCID platform under the symbol "LMMY," with a trading range between $0.085 and $10.00 since its inception in October 2024. As of October 16, 2025, there were approximately 30 record owners of the company's common stock, and no dividends have been declared or paid. The company continues to focus on its strategic objectives while navigating the challenges of a competitive market landscape.