Quarterly ResultMay 12, 2026, 07:31 AM
Longduoduo 9M Net Loss $(515,657); Revenue $1.19M
AI Summary
Longduoduo Co Ltd reported a significant decline in financial performance for the nine months ended March 31, 2026, with a net loss attributable to common stockholders of $(515,657) compared to a net income of $297,290 in the prior year. Total revenue decreased substantially to $1,191,421 from $3,322,287. The company also experienced negative cash flow from operating activities and continues to face high customer and supplier concentration risks.
Key Highlights
- Net loss attributable to common stockholders for the nine months ended March 31, 2026, was $(515,657) compared to $297,290 income in 2025.
- Total revenue for the nine months ended March 31, 2026, decreased to $1,191,421 from $3,322,287 in 2025.
- Basic and diluted loss per share for the nine months was $(0.017) compared to $0.010 income in 2025.
- Cash and cash equivalents declined to $1,224,881 at March 31, 2026, from $1,642,721 at June 30, 2025.
- Net cash used in operating activities for the nine months was $(437,881) compared to $93,150 provided in 2025.
- One customer accounted for 99.1% of revenue for the nine months ended March 31, 2026.
- One major supplier accounted for 45% of the total cost of revenue for the nine months ended March 31, 2026.
- Total liabilities increased to $957,123 at March 31, 2026, from $830,464 at June 30, 2025.