Lucent, Inc. has reported its financial results for the fiscal year ending December 31, 2024, revealing a net loss of $15,000, a slight decrease from the $15,345 loss recorded in the previous year. The company reported no revenues for both fiscal years, reflecting its ongoing development stage. Total expenses for 2024 were $15,000, down from $15,345 in 2023, primarily due to reduced professional fees and general administrative costs. As of December 31, 2024, the company had total assets of approximately $95.3 million, a significant increase from zero in the previous year, attributed to the issuance of 10 million shares for the acquisition of its wholly owned subsidiary, Dijiya Energy Saving Technology, Inc.
In terms of operational developments, Lucent has made strategic moves to enhance its market position. The company entered into an agreement on December 31, 2024, to purchase graphite and other mineral concessions in Mexico, which is expected to secure a vital supply for its future operations. The company is focused on revolutionizing the AI datacenter and cloud computing industry while harnessing clean energy, with offices in Irvine, California, and Taipei, Taiwan. As of the end of 2024, Lucent had 15.6 million shares outstanding, an increase from 5.6 million shares in 2023, reflecting its capital-raising efforts.
Lucent's employee count remained stable at ten part-time employees, including management, as of December 31, 2024. The company has not incurred any research and development costs to date, indicating a focus on operational and strategic initiatives rather than product development at this stage. The company’s marketing strategy is set to expand online, targeting potential customers effectively, although it currently relies on management for advertising decisions due to limited funds.
Looking ahead, Lucent's management has indicated that the company will continue to seek additional investment capital to fund its operations and growth. The company acknowledges the inherent risks and uncertainties associated with its forward-looking statements, particularly regarding its ability to establish a stabilized source of revenue. Management remains optimistic about the potential for future growth, contingent upon successful capital raising and operational execution. However, there are no assurances that the company will achieve financial viability or continue as a going concern without additional funding.
About Lucent, Inc.
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