Panamera Holdings Reports Revenue Growth and Reduced Net Loss in Latest 10-Q Filing

Panamera Holdings Corporation reported significant financial developments in its latest 10-Q filing for the quarter ending April 30, 2025. The company generated total revenues of $109,601 for the three months ended April 30, 2025, compared to no revenues in the same period last year. For the nine months ending April 30, 2025, total revenues reached $192,400, marking a substantial increase from zero revenues in the prior year. The cost of revenues for the three months was $99,574, resulting in a gross profit of $10,027, while the nine-month cost of revenues totaled $138,817.

The company reported a net loss of $115,810 for the three months ended April 30, 2025, a significant reduction from a loss of $7,509,093 in the same quarter of the previous year. For the nine-month period, the net loss was $306,886, down from $7,613,732 in the prior year. This improvement in financial performance is attributed to a decrease in operating expenses, which fell from $7,509,020 in the previous year to $125,490 in the latest quarter, primarily due to the absence of stock-based compensation expenses that had previously inflated costs.

In terms of strategic developments, Panamera Holdings has shifted its focus from healthcare consulting to the environmental services sector and innovative technologies. The company established three wholly owned subsidiaries—Panamera Metals Corporation, Panamera Technologies Corporation, and Panamera Waste Corporation—in June 2023 to facilitate this transition. Additionally, the company has entered into a binding Letter of Intent for a potential acquisition of a license for innovative carbon conversion technology, with a target completion date of June 30, 2025.

Operationally, Panamera Holdings has seen an increase in its cash position, with cash rising to $150,274 as of April 30, 2025, compared to $1,838 at the end of the previous fiscal year. The company’s current liabilities increased slightly to $230,373, resulting in a working capital deficiency of $35,073. The company’s employee headcount remains stable, and it continues to rely on related party financing to support its operations. The management has indicated that it plans to raise additional funds through public or private placements to ensure sufficient capital for ongoing operations.

Looking ahead, Panamera Holdings acknowledges substantial doubt about its ability to continue as a going concern without securing additional financing. The company aims to leverage its recent strategic shifts and operational improvements to attract investment and stabilize its financial position. The management's focus on innovative technologies and environmental services is expected to play a crucial role in the company's future growth and sustainability.