Starguide Group, Inc. reported a net loss of $90,712 for the fiscal year ending January 31, 2025, a significant improvement compared to the net loss of $202,345 recorded in the previous year. The company generated revenue of $2,132, down from $4,370 in the prior fiscal year, reflecting a 51% decrease. The cost of sales also increased substantially, rising to $1,896 from $539, resulting in a gross profit of $236, a decline of 94% from the previous year's gross profit of $3,831. Operating expenses decreased by 25% to $84,147, primarily due to reduced depreciation and professional fees.
The company’s financial position showed a working capital deficiency of $338,622 as of January 31, 2025, compared to a deficiency of $252,420 a year earlier. Current liabilities increased to $338,626 from $252,581, largely due to an increase in convertible notes and accrued interest. Starguide's total current assets were reported at $4, a decrease from $161 in the previous year, indicating a tightening liquidity position. The company’s accumulated deficit reached $344,570, up from $259,592 in the prior year.
Strategically, Starguide Group has been focusing on expanding its Software as a Service (SaaS) offerings. The company acquired an 80% stake in Live Investments Holdings Ltd. in December 2022, which owns Live Lead Tech Ltd., a cloud-based lead generation software company. This acquisition is part of Starguide's strategy to incubate SaaS startups and enhance its product portfolio. Live Lead Tech's flagship product, LiveLead, aims to streamline lead generation for businesses by automating the collection of verified leads from various online platforms.
As of January 31, 2025, Starguide Group had 2,868,000 shares of common stock outstanding, held by three shareholders. The company has not paid any dividends and does not anticipate doing so in the near future. Looking ahead, Starguide Group plans to continue seeking additional funding through equity and debt issuances to support its operations and growth initiatives. However, the company faces substantial doubt about its ability to continue as a going concern, as highlighted in its financial statements, which emphasize the need for ongoing financial support and successful execution of its business plan.
About STARGUIDE GROUP, INC.
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