CAHO
Caro Holdings Inc.0.5520
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '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
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.
8-K
Auditor change amid concerns
Caro Holdings Inc. dismissed Olayinka Oyebola & Co. as its independent auditor on June 15, 2025, effective immediately, after clean audit reports for fiscal years 2023 and 2024 that flagged going concern doubts. No disagreements or reportable events marred the relationship. The board swiftly engaged Boladale Lawal & Co. on June 18 to handle upcoming audits. This switch underscores persistent viability concerns.
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.
10-Q
Q3 FY2025 results
Caro Holdings posted Q3 FY2025 revenue of $4,407, up 746% y/y from $521, while YTD revenue hit $28,850, surging 5437% y/y. Operating loss narrowed to $134,536 from $77,348 y/y, but net loss widened to $267,199 versus $115,888, with the gap over 20% driven by $109,390 in interest expense including convertible note premiums. YTD net loss improved 14% to $381,782, aided by lower operating expenses. Cash climbed to $24,956, funded by $217,500 in convertible notes, though total debt reached $1,065,502 at 10% interest. A pending spirits marketplace acquisition eyes $1M revenue milestones for 12,550,000 escrowed shares, expected to close by June 2025. Revenue remains tiny. Internal controls falter.
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