Sundance Strategies Reports $1.6 Million Net Loss, Zero Revenue for Fiscal Year Ending March 31, 2025

Sundance Strategies, Inc. reported a net loss of $1.6 million for the fiscal year ending March 31, 2025, a decrease from a loss of $1.8 million in the previous year. The company's total revenue remained at zero, as it has not yet generated income from its new business focus on providing advisory services in the life settlements market. General and administrative expenses increased to $604,167 from $531,406, primarily due to higher professional fees. The company also recognized a loss on extinguishment of debt of $435,199, down from $1,047,729 in the prior year, reflecting a lower volume of debt modifications.

In terms of operational changes, Sundance Strategies has shifted its business model to focus on offering professional services to specialty finance groups and bond issuers, moving away from its previous model of acquiring life insurance policies. The company has not yet secured any definitive engagements in this new advisory capacity, which has contributed to its lack of revenue. As of March 31, 2025, Sundance had $168,648 in cash, a decrease from $329,860 the previous year, and outstanding liabilities totaling $6.5 million, which includes $3.3 million owed to related parties.

The company’s employee count remains low, with only one full-time employee as of March 31, 2025. Despite the limited workforce, Sundance has been actively pursuing opportunities in the bond advisory space, although it has yet to see significant traction. The company has incurred $215,000 in expenses related to financing alternatives, indicating ongoing efforts to secure additional capital to support its operations.

Sundance's management has expressed confidence that existing capital resources, along with available credit lines, will be sufficient to fund operations for at least the next 12 months. However, the company has acknowledged substantial doubt about its ability to continue as a going concern without additional financing. The management plans to address this through private placements and debt financing, while also managing costs to ensure liquidity.

Looking ahead, Sundance Strategies aims to establish itself in the life settlements advisory market, leveraging its expertise to provide value to clients. However, the company faces significant competition from larger, better-capitalized firms in the industry. The success of its new business model will depend on its ability to secure clients and generate revenue, which remains uncertain at this stage.