The Marquie Group Reports No Revenue and Increased Losses for Six Months Ended February 28, 2025

The Marquie Group, Inc. has reported its financial results for the three and six months ended February 28, 2025, revealing a continued lack of revenue generation. The company reported no net revenues for both periods, consistent with the previous fiscal year. Operating expenses for the three months totaled $23,214, a significant decrease from $128,100 in the same period last year. For the six months, operating expenses were $148,568, down from $372,408 year-over-year. The net loss for the three months was $108,693, compared to a loss of $458,936 in the prior year, while the six-month net loss was $469,011, up from $239,970.

The company’s balance sheet as of February 28, 2025, shows total assets of $6,250,816, a slight increase from $6,247,137 at the end of the previous fiscal year. Current liabilities decreased to $5,344,374 from $6,030,701, primarily due to a reduction in accrued consulting fees and accounts payable. Stockholders' equity improved to $906,442 from $216,436, largely attributed to the forgiveness of accrued consulting fees by shareholders amounting to $1,154,017, which was credited to additional paid-in capital.

Strategically, The Marquie Group continues to focus on its health and beauty segment, particularly through its Simply Whim brand, which aims to provide innovative beauty products. The company has not reported any significant acquisitions or product launches during this period. However, it has indicated plans to expand its audience through its radio broadcasting segment, which includes the Music of Your Life network. The company is also exploring new product offerings aimed at supporting the breast cancer community.

Operationally, the company has not disclosed specific customer counts or engagement metrics, but it has indicated that it is working to improve its financial position through potential equity financing and revenue generation from its health and beauty products. The company’s cash reserves stood at $3,921, raising concerns about its ability to continue operations without additional funding. The management has expressed doubts about the company’s ability to sustain operations given its accumulated deficit of $15,332,497 and negative working capital of $5,340,453.

Looking ahead, The Marquie Group anticipates further losses in the upcoming fiscal year and acknowledges the need for additional capital to support its operations and growth strategies. The company is actively seeking financial assistance through equity issuances and aims to generate revenue from its health and beauty product lines. However, the lack of guaranteed financing and the inherent risks associated with small public companies pose significant challenges to its future operations.