OZ Vision Inc., formerly known as United Express Inc., reported a significant decline in revenue for the fiscal year ending June 30, 2025, generating $54,232 compared to $240,717 in the previous year. The company also recorded a net loss of $65,601, a notable improvement from the $2,481,158 loss reported in 2024. This reduction in net loss was primarily attributed to a decrease in operating expenses, which fell from $2,662,325 in 2024 to $65,141 in 2025, largely due to the absence of substantial consultancy fees and asset impairments that impacted the previous fiscal year.
In September 2023, OZ Vision acquired assets from Jebour Two Limited, including a unique Nevada State Athletic Commission Professional Promoter license, which allows the company to produce live combat sports events. This strategic acquisition positions the company to explore opportunities in the mixed martial arts (MMA) sector, a rapidly growing market in the United States. However, as of the report date, the company had not yet commenced operations utilizing these assets, and there is no guarantee that this new business line will be successful.
The company continues to face challenges in its logistics operations, primarily serving a limited customer base, which raises concerns about revenue stability. As of June 30, 2025, OZ Vision had only $52 in cash and total assets of $13,709,359, with liabilities amounting to $1,141,510. The company’s financial condition raises substantial doubt about its ability to continue as a going concern, prompting management to consider strategic shifts towards the MMA business model.
OZ Vision's employee structure remains minimal, with no full-time employees; all services are provided through third-party consultants or contractors. The company has also reported weaknesses in its internal controls over financial reporting, which could impact its compliance with SEC regulations. Looking ahead, the company plans to focus on expanding its customer base and exploring new revenue streams, particularly in the MMA sector, although there are no assurances that these efforts will yield positive results. The company’s future financial performance will depend on its ability to successfully implement these strategies and manage its operational costs effectively.
About United Express Inc.
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