Catalyst Crew Applied sciences Corp., an organization transitioning from large knowledge analytics to facial recognition know-how options, has launched its Type 10-Q report for the primary quarter of 2025. The report outlines vital modifications in each monetary efficiency and enterprise operations, reflecting the corporate’s strategic shift and ongoing challenges.
Monetary Highlights
- Income: $0, The corporate reported no income for the three months ended March 31, 2025, and March 31, 2024.
- Working Bills: $15,967, Working bills decreased from $33,054 in the identical interval of the earlier 12 months, primarily resulting from a discount in skilled charges.
- Loss from Operations: $(15,967), The corporate skilled a loss from operations, which improved from a lack of $(33,054) within the prior 12 months.
- Internet Loss: $(24,455), The online loss decreased from $(42,220) in the identical interval of the earlier 12 months, reflecting decrease working bills and curiosity bills.
- Internet Loss Per Frequent Share – Fundamental and Diluted: $(0.00), The online loss per share improved from $(0.16) within the prior 12 months, resulting from a rise within the weighted common variety of frequent shares excellent.
Enterprise Highlights
- Enterprise Transition: Catalyst Crew Applied sciences Corp. underwent vital modifications in its enterprise operations, together with a shift from large knowledge analytics within the gaming and monetary know-how industries to specializing in facial recognition know-how options. This transition was marked by the acquisition of associated mental property from Mr. Waqas Nakhwa.
- Administration Modifications: The corporate skilled a number of management modifications, with Mr. Waqas Nakhwa taking up as President, CEO, CFO, Treasurer, Secretary, and Chairman of the Board following the resignation of Ms. Gurneet Kaur.
- Operational Focus: The corporate has ceased its earlier operations associated to large knowledge analytics and is now concentrating on creating and implementing facial recognition know-how options.
- Future Outlook: The corporate is going through substantial doubt about its skill to proceed as a going concern resulting from its monetary situation. It plans to hunt further financing by non-public fairness choices to safe funding for operations and intends to give attention to rising gross sales and exploring debt and fairness financing preparations.
SEC Submitting: Catalyst Crew Applied sciences Corp. [ CBBB ] – 10-Q – Could. 19, 2025
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