Public Company Management Corporation Reports No Revenue and Increased Losses in Q3 FY 2025

Public Company Management Corporation (PCMC) reported its financial results for the third quarter of fiscal year 2025, revealing a continued lack of revenue generation. The company reported no revenues for the three and nine months ended June 30, 2025, consistent with the same periods in the previous fiscal year. Operating expenses for the quarter totaled $23,239, a significant increase from $11,320 in the same quarter of 2024. For the nine-month period, total operating expenses rose to $65,481 from $36,711 year-over-year. The net loss for the quarter was $25,864, compared to a loss of $13,945 in the prior year, while the nine-month net loss increased to $73,356 from $44,586.

In terms of financial position, PCMC's total assets increased to $273,978 as of June 30, 2025, up from $100,035 at the end of the previous fiscal year. However, total liabilities also rose significantly, reaching $919,678 compared to $672,379 in September 2024. The company's accumulated deficit grew to $5,699,716, reflecting ongoing operational challenges. The increase in liabilities was primarily driven by short-term payables, which rose to $450,000 from $175,000, and accrued interest payable to related parties, which increased to $91,904 from $84,029.

PCMC has not engaged in any significant strategic developments such as acquisitions or product launches during the reported period. The company continues to focus on seeking a business combination with an operating company, utilizing its limited resources for this purpose. The management has indicated that any future business combination may involve the issuance of additional shares, which could dilute existing shareholders' equity. The company has also been reliant on interim funding from related parties to cover operational costs, with a total obligation of $441,904 to Specialty Capital Lenders LLC as of June 30, 2025.

Operationally, PCMC has not reported any customer counts or user statistics, as it has not generated revenue from its consulting services. The company’s cash position improved to $273,978 at the end of the quarter, compared to $100,035 at the end of the previous fiscal year. However, the negative cash flow from operations increased to $101,057 for the nine months ended June 30, 2025, compared to $33,021 in the same period of 2024. The company has indicated that it plans to meet its cash requirements through existing cash and additional borrowings.

Looking ahead, PCMC's management has expressed substantial doubt about the company's ability to continue as a going concern, given its accumulated deficit and reliance on external funding. The company plans to continue reviewing its expense structure and raising funds through debt and equity financing. However, there is no assurance that additional financing will be available on acceptable terms. The financial statements do not include any adjustments that might be necessary if the company is unable to continue as a going concern, highlighting the precarious nature of its current financial situation.