JAAG Enterprises Ltd. SEC 10-Q Report

JAAG Enterprises Ltd., a company specializing in the sale of uniform products, has released its Form 10-Q report for the three months ended December 31, 2024. The report highlights significant improvements in financial performance and provides insights into the company's operational activities and future outlook.

Financial Highlights

Revenue: JAAG Enterprises Ltd. reported revenue of $17,821,000 for the three months ended December 31, 2024, compared to $14,326,000 for the same period in 2023. This increase reflects a notable rise in sales.

Gross Profit: The company's gross profit for the three months ended December 31, 2024, was $6,767,000, up from $5,154,000 in the same period in 2023, indicating improved profitability.

Loss from Operations: JAAG Enterprises Ltd. reduced its loss from operations to $(25,970,000) for the three months ended December 31, 2024, compared to $(31,789,000) for the same period in 2023.

Net Loss: The net loss for the three months ended December 31, 2024, was $(25,359,000), a decrease from $(31,787,000) in the same period in 2023, demonstrating a reduction in net losses.

Basic and Diluted Earnings Per Share: The basic and diluted earnings per share remained consistent at $(0.00) for the three months ended December 31, 2024, unchanged from the same period in 2023.

Business Highlights

Revenue Segments: The company's revenue is entirely derived from the sale of uniform products, with all revenues generated from the Hong Kong region.

Geographical Performance: JAAG Enterprises Ltd. operates solely in the Hong Kong market, with no geographical diversification reported.

Future Outlook: The company anticipates needing $50,000 for operations over the next 12 months. Plans are in place to raise additional funds through equity sales or loans from related parties. However, there is no assurance of securing this financing, which is crucial for sustaining operations.

SEC Filing: JAAG Enterprises Ltd. [ JAGL ] - 10-Q - Feb. 14, 2025