Orion Bliss Corp. Reports Modest Revenue Growth and Reduced Net Losses for Six Months Ended October 31, 2024

Orion Bliss Corp. reported its financial results for the three and six months ended October 31, 2024, revealing a modest revenue generation of $6,000 for both periods, a significant increase from the previous fiscal year when the company reported no revenue. The net loss for the quarter was $906, a reduction from a loss of $4,003 in the same quarter of the previous year. For the six-month period, the net loss was $14,411, compared to a loss of $37,626 in the prior year, indicating improved financial performance despite ongoing challenges.

The company's total assets as of October 31, 2024, amounted to $51,825, a substantial increase from $1,324 reported at the end of the previous fiscal period. This growth was primarily driven by the development of a mobile application valued at $45,500 and an increase in cash reserves to $6,191. Current liabilities also rose to $155,429, up from $90,517, largely due to increases in accounts payable and loans from directors. The accumulated deficit increased to $124,564 from $110,153, reflecting ongoing operational losses.

Strategically, 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 the reporting date, the company had 3,038,000 shares of common stock issued and outstanding, with no significant changes in share count from the previous period.

Operationally, the company has not reported any significant changes in customer counts or user engagement metrics. However, it has indicated a reliance on additional investment capital to fund ongoing operations and growth initiatives. Management has expressed the need for further capital to support working capital requirements and to finance future marketing and inventory acquisition efforts. The company anticipates that it will continue to seek funding through equity or debt securities, although no specific plans for future financing have been established.

Looking ahead, Orion Bliss Corp. acknowledges the uncertainty surrounding its ability to continue as a going concern, given its accumulated losses and the need for additional capital. Management remains optimistic about the potential for revenue growth through its consulting services and product offerings but recognizes the challenges posed by market conditions and the competitive landscape. The company is committed to exploring various funding avenues to ensure its operational viability and to support its strategic objectives in the beauty care market.