ANKAM INC
2.0000+0.00 (+0%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCQB · ANKM · USD
Key Stats
Market Cap
9.12MP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Ankam swung to a $60,551 net loss in Q3 FY2025 ended August 31, 2025, from $83,905 profit a year earlier, as revenue dried up to zero while costs hit $4,900, yielding negative gross profit; yet YTD revenue leaped 609% y/y (derived) to $240,000, trimming the nine-month net loss to $15,445 from $106,636, with gross margin at 55.0%. Expenses fell 50% y/y (derived) to $147,584, driven by slashed director fees and server costs, though operating loss widened q/q to $60,591 from YTD's slim $15,484 deficit. Cash climbed to $23,767 on $43,503 operating inflows, but related-party debt lingers at $449,338 unsecured and demand due; a July 2024 stock issuance settled $138,040 acquisition note for Apex Intelligence, recognizing no goodwill. New Asian subsidiary Mei Sheng eyes health platform growth. Leadership shift handed 77% control to investors in August. Competition in fintech apps poses adoption hurdles.
10-Q
Q2 FY2025 results
Ankam swung to a $55,687 net profit in Q2 FY2025 ended May 31, 2025, from a $71,828 loss a year earlier, while YTD net income hit $45,106 versus a $190,542 deficit last year. Revenue rocketed 971% y/y to $165,000 quarterly and 855% to $240,000 YTD, driven by subscription sales growth, with gross margins steady at 62% (derived). Expenses dropped 47% y/y to $46,313 quarterly, mainly from slashed director fees and professional costs, yielding 34% operating margins. Cash climbed to $134,669 on $152,405 operating inflows, though a $449,338 related-party loan lingers unsecured. No M&A closed in the period. Revenue remains volatile amid crypto market swings.
8-K
Profits surge from Asia expansion
Ankam Inc. reported significant profits for the fiscal quarter ended May 30, 2025, announced on June 23, 2025, reversing prior loss expectations through its Asian software development expansion. This move into Hong Kong and Taiwan boosted growth and aligned with strategies to tap high-growth regions, sharpening global competitiveness. Expansion pays off.
10-Q
Q1 FY2026 results
Ankam swung to revenue of $75,000 in Q1 FY2026 ended February 28, 2025, up sharply from $9,760 a year earlier, while gross profit hit $35,000 on zero cost of goods last quarter. Operating loss narrowed to $10,581 from $118,713 y/y, thanks to slashed director fees and professional costs, though server expenses and amortization persisted. Net loss matched the operating figure at $10,581, or $(0.0023) per diluted share on 4,558,063 shares, with no material discrepancies. Cash stayed flat at $57 amid zero net cash flows, backed by $499,338 in non-interest-bearing director loans due on demand; the Apex acquisition closed in January 2024 for $158,040 (cash and convertible note at 10% interest, settled via 230,067 shares in July). Revenue growth signals early traction. Yet competition in fintech apps looms large.
10-K
FY2024 results
Ankam, Inc. posted FY2024 revenue of $104,450, up sharply from $27,173 in FY2023, fueled by its new Mei Sheng subsidiary's push into Asia Pacific subscriptions, yet operating losses widened to $291,154 amid higher professional fees and software development costs. The net loss narrowed to $136,846, thanks to $154,308 in debt forgiveness gains that offset expenses. Q4 momentum built on this annual uptick, with revenue acceleration from Asian expansion driving sequential growth, while amortization climbed to $49,034 yearly but margins held steady without quarterly breakdowns disclosed. Liquidity stayed tight at $57 cash, reliant on $157,312 in director advances for financing, with no dividends or buybacks. No outlook provided for FY2025. Going concern doubts loom from ongoing losses and funding needs.
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