Sky Century Investment Reports Revenue Consistency but Increased Net Loss for Six Months Ending February 2025

Sky Century Investment, Inc. reported its financial results for the six months ending February 28, 2025, revealing a total revenue of $14,100, consistent with the same period in the previous year. However, the company experienced a significant decline in profitability, posting a net loss of $68,373 compared to a loss of $44,160 in the prior year. The gross profit for the period was $2,455, down from $5,594, primarily due to increased costs of revenues, which rose to $11,645 from $8,406. Operating expenses also increased, totaling $59,453, compared to $63,248 in the previous year, indicating a shift in cost management strategies.

In terms of balance sheet performance, total assets decreased to $63,858 from $95,384, largely due to a reduction in prepaid expenses and intangible assets. Current liabilities increased slightly to $300,713 from $292,960, with amounts due to related parties rising to $190,000 from $160,000. The company’s accumulated deficit expanded to $873,839, reflecting ongoing operational challenges and the need for continued financial support from shareholders.

Strategically, Sky Century Investment has focused on its IT services and the sale of RSS feeds and podcasts, which accounted for 100% of its revenue in the current period, a notable increase from 55% in the previous year. The company has been actively seeking to enhance its service offerings, particularly in IT solutions, to meet growing market demands. Despite the lack of revenue generation from its Cannabis News application, the company remains committed to refining its offerings and expanding its market presence.

Operationally, the company has seen a shift in its business model, with IT services contributing 0% to total revenue in the current period, down from 45% previously. This change highlights the challenges faced in the IT segment, which the company aims to address through strategic enhancements and marketing efforts. The employee headcount remains at one, with plans for future hiring contingent on the development of new projects and service expansions.

Looking ahead, Sky Century Investment, Inc. is focused on securing additional funding to support its operations and is actively seeking new investors. Management believes that with continued financial backing, the company can navigate its current challenges and work towards achieving its business objectives, including the expansion of its online services and the enhancement of its application features. However, the company acknowledges the inherent risks and uncertainties in its forward-looking statements, emphasizing the need for careful management of resources and strategic planning to ensure long-term viability.