Quarterly ResultJun 30, 2026, 09:36 AM
Guru App Factory Faces Going Concern Doubt; Revenue -59%
AI Summary
Guru App Factory Corp. reported a significant decline in revenue and an increased net loss for the nine months ended April 30, 2026. Revenue decreased by 59% to $39,000, leading to a net loss of $35,222. The company also disclosed substantial doubt about its ability to continue as a going concern, citing a working capital deficit of $36,525 and an accumulated deficit of $102,645. Management noted that disclosure controls and procedures were not effective.
Key Highlights
- Substantial doubt about the company's ability to continue as a going concern.
- Nine-month revenue decreased 59% to $39,000 from $94,500 year-over-year.
- Net loss for the nine months increased to $35,222 from $31,215.
- Working capital deficit was $36,525 and accumulated deficit $102,645.
- Negative cash flow from operating activities was $23,678.
- Disclosure controls and procedures were deemed not effective.
- Received $27,178 in advances from a related party.
Price Impact