Winvest Group Ltd. reported a total revenue of $77,340 for the fiscal year ending December 31, 2024, a significant decrease from $339,943 in the previous year. The company incurred a net loss of $1,081,047, or $(0.004) per share, compared to a loss of $875,464, or $(0.05) per share, in 2023. The decline in revenue was primarily attributed to the conclusion of contracts with key clients, including Pacific Range Hood and Superco Home Appliances, which had previously contributed to the company's earnings.
In terms of operational changes, Winvest Group Ltd. has undergone significant restructuring since its transition from a shell company in May 2022. The company now operates through two wholly-owned subsidiaries: The Catalyst Group Entertainment (TCG) and IQI Media, Inc. TCG focuses on financing and producing media projects, while IQI specializes in content creation and advertising production. The company has also made strategic appointments to its executive team, including Khiow Hui, Lim as Chief Strategic Officer and Charlene Logan Kelly as Chief Intellectual Officer.
As of December 31, 2024, Winvest Group Ltd. had a total of 109,369,075 shares of common stock outstanding, with an aggregate market value of approximately $45.8 million based on a share price of $1.027. The company reported total assets of $14.7 million, a substantial increase from $1.3 million in the previous year, largely due to investments and the restructuring of its operations. The company’s cash position improved to $181,522, up from $45,070 in 2023, reflecting a net cash increase from financing activities.
The company’s operational metrics indicate a need for further growth and customer engagement, as it currently has limited user statistics and product adoption rates. Winvest Group Ltd. plans to expand its market presence and enhance its service offerings, particularly through its MaiContent Aggregator Solution Platform, which aims to streamline content distribution for filmmakers and content creators. The company is also exploring additional funding sources to support its growth initiatives and operational expenses.
Looking ahead, Winvest Group Ltd. acknowledges the challenges it faces, including the need for ongoing financing and the uncertainty of achieving profitability. The company is actively seeking to raise additional funds and is focused on executing its business plan to stabilize and grow its operations. The management remains optimistic about the potential for future revenue generation as it continues to develop its film and media projects.
About Winvest Group Ltd
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