Orion Bliss Corp. has reported its financial results for the three and nine months ended January 31, 2025, revealing a revenue of $8,765 for the quarter and $14,765 for the nine-month period. This marks a significant increase from the previous fiscal year, during which the company did not generate any revenue in the same periods. Despite this revenue generation, the company reported a net loss of $1,043 for the quarter and $15,454 for the nine months, an improvement compared to the net losses of $7,263 and $44,889 reported for the same periods in 2024.
The company's total assets as of January 31, 2025, stood at $54,920, a substantial increase from $1,324 reported as of April 30, 2024. This growth is attributed to the development of a mobile application valued at $45,500 and an increase in cash reserves to $11,561, up from $1,190. Current liabilities also rose to $159,567, primarily due to an increase in accounts payable to related parties and a director loan, which totaled $66,929. The accumulated deficit has increased to $125,607 from $110,153 in the previous fiscal period.
In terms of strategic developments, Orion Bliss Corp. has focused on expanding its service offerings in the beauty and hair care sector, including personalized consulting services and training programs. The company operates primarily in Israel and has made efforts to enhance its digital presence through a mobile application and website. As of January 31, 2025, the company has maintained a consistent number of shares outstanding at 3,038,000, with no new issuances reported during the quarter.
Operationally, the company has seen positive cash flows from financing activities, generating $23,550 during the nine months ended January 31, 2025, although it reported cash flows used in operating activities of $32,321. The company has indicated that it will continue to rely on additional capital to fund its operations and growth initiatives, with plans to raise funds through equity or debt securities. Management has expressed uncertainty regarding the ability to secure future financing, which could impact the company's operational capabilities.
Looking ahead, Orion Bliss Corp. anticipates that its working capital requirements will increase in line with business growth. The company is actively seeking additional funding to support its operations and plans to continue its focus on expanding its market presence in the beauty and hair care industry. However, management has acknowledged the risks associated with its current financial position, including the potential need for further capital to sustain and expand operations in the coming months.
About Orion Bliss Corp.
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