CAHO
Caro Holdings Inc.0.5520
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
20.52MP/E (TTM)
-Basic EPS (TTM)
-0.02Dividend Yield
0%Recent Filings
10-Q
Q3 FY2026 results
Caro Holdings posted Q3 FY2026 revenue of $1,711, down 61% y/y from $4,407 yet narrowing operating loss to $35K from $135K on slashed G&A and professional fees. Nine-month revenue hit $8,926, off 69% y/y, with net loss shrinking to $182K from $382K as interest expense eased on lower convertible note premiums. Cash dwindled to $760 amid $72K operating burn, offset by $66K fresh note proceeds, while $1.5M convertibles at 10% piled up alongside $147K accrued interest. Escrowed spirits marketplace acquisition awaits revenue milestones. Convertible notes loom large.
8-K
CEO resigns; interim named
Caro Holdings' CEO Christopher McEachnie resigned January 6, 2026, to pursue other opportunities, with no disagreements on operations or policies. The board swiftly named COO Meriesha Rennalls as interim CEO, effective same day; she retains her operations role. Leadership transition complete overnight.
10-Q
Q2 FY2026 results
Caro Holdings posted Q2 revenue of $1,229, down 78% y/y from $5,626 yet operating expenses dropped 25% to $34,548, trimming operating loss to $33,319 (-18% y/y). Net loss widened to $81,861, driven by higher interest expense on convertible notes up to $1.451M total. Cash fell to $7,380 amid $40,346 operating burn; financing via $51,300 new notes offset it. Deferred $161,895 spirits marketplace acquisition awaits revenue milestones into Q4 FY2026. Shares steady at 37,175,808; EPS holds flat at $(0.00) as convertibles stayed antidilutive. Weak controls persist. Going concern hangs by a thread.
10-Q
Q1 FY2026 results
Caro Holdings posted Q1 FY2026 revenue of $5,986, down 68% y/y from $18,817, amid early platform rollout, while operating expenses fell 18% y/y to $34,186, trimming the operating loss to $28,200 from $22,834. Net loss narrowed 22% y/y to $36,310, with the gap from operating loss largely due to $34,463 in interest expense on convertible notes, offset by a $25,316 foreign exchange gain. Cash dwindled to $5,042 from $14,566 q/q, with operating cash use at $10,711 and free cash flow not disclosed in the 10-Q; financing via $23,000 in new convertible notes kept liquidity afloat, though total debt hit $1,403,833. A pending acquisition of a Wyoming spirits marketplace, tied to revenue milestones for up to 12,550,000 escrowed shares, eyes expansion. Yet going concern doubts linger from $1.8M accumulated deficit. Controls remain weak.
10-K
FY2025 results
Caro Holdings posted FY2025 revenue of $36,319, up 6,194% from $577 in FY2024, yet net loss widened 29% to $692,956 amid surging operating expenses to $428,413 from $309,404, driven by professional fees and marketing. Q4 momentum faltered with cash dipping to $14,566 from $20,794 year-start, while convertible notes ballooned to $1,365,500, fueling $316,123 interest costs including $265,000 loss on conversions. No quarterly breakdowns disclosed, but annual trends show decelerating cash burn at $373,809 used in operations. Liquidity strains persist with $1.3 million working capital deficit. No guidance issued. Substantial doubt lingers over going concern viability.
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