Leet Know-how Inc., an organization specializing in white label options and esports match administration, has launched its Type 10-Q report for the primary quarter of 2025. The report reveals important monetary and operational challenges, together with a notable lower in income and elevated web loss, which have raised substantial doubt concerning the firm’s capacity to proceed as a going concern.
Monetary Highlights
- Income: $3,884, a lower primarily as a consequence of no income acknowledged from the white label mission with Sensible Communications, Inc., a significant telecommunications supplier within the Philippines.
- Gross (loss) revenue: $(142,613), reflecting a big lower from the earlier interval as a consequence of decreased income.
- Loss from operations: $(250,166), an elevated loss primarily as a consequence of decreased income and working bills.
- Internet loss: $(250,765), with the rise primarily attributed to the lower in income.
- Primary and diluted loss per frequent share: $(0.00), in step with the earlier interval, reflecting the corporate’s ongoing monetary challenges.
Enterprise Highlights
- Income Segments: The corporate derives income from two foremost segments: white label options and esports match administration and workforce providers. For the three months ended March 31, 2025, income from white label options was $1,814, and from Matchroom Mini-app options was $2,070.
- Geographical Efficiency: The corporate’s main operations are performed in Malaysia, with important prospects positioned in Malaysia, India, and the Philippines. The income lower is attributed to the shortage of income from a white label mission with Sensible Communications, Inc.
- Operational Challenges: The corporate faces substantial doubt about its capacity to proceed as a going concern as a consequence of a web lack of $250,765 and a working capital deficit of $4,395,578 as of March 31, 2025. The corporate is pursuing extra financing however has not secured enough funds but.
- Future Outlook: The corporate relies on continued monetary help from stockholders and associated events to maintain operations. It’s actively in search of extra financing to help its operations over the following twelve months.
SEC Submitting: Leet Know-how Inc. [ LTES ] – 10-Q – Might. 15, 2025
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