KRFG
King Resources, Inc0.5700
+0.1200+26.7%
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
45.16MP/E (TTM)
-Basic EPS (TTM)
-1.83Dividend Yield
0%Recent Filings
10-Q
Q2 FY2026 results
King Resources posted steady revenue of $19K in Q2 FY2026 ended September 30, 2025, flat y/y while gross profit held at $8K with 40.0% margins. Operating loss widened to $325K from $16K y/y, driven by $258K sales/marketing ramp-up including $250K consulting fees, yet balance sheet strengthened via $4.1M share issuance. Inventories swelled to $39.3M in arts/collectibles; related-party promissory note of $23.9M settled post-quarter via 74.9M common shares. Cash sits low at $3K, offset by related-party funding. Customers and vendors each concentrate 100% in Hong Kong. PRC regulatory shifts could restrict Hong Kong cash flows.
10-Q
Q1 FY2026 results
OneSolution Technology held revenue steady at $19K for Q1 FY2026 ended June 30, 2025, matching last year while gross profit edged up to $7.7K; yet operating loss widened to $308K from $162K y/y (derived), driven by $251K sales/marketing consulting fees that tripled prior-year opex. Cash dipped to $1.6K amid $43K operating burn, offset by $41K related-party advances, leaving $1.3M liabilities against $60K assets—no debt, no capex disclosed. Single Hong Kong customer and vendor dominate. Massive share count confirms $0.00 diluted EPS. Losses mount. PRC rules threaten cash transfers from Hong Kong ops.
10-K
FY2025 results
OneSolution Technology swung to net income of $1.95M for FY2025 ended March 31, 2025, from a $1.51M loss in FY2024, driven by a $2.51M gain on disposing power supply subsidiaries in September 2024 to pivot to arts and collectibles via Heavenly Grace acquisition. Revenue ticked up 9% y/y to $76,921—all from one Hong Kong customer—with gross profit rising to $30,769, yet operating loss narrowed just to $573K amid steady opex. Q4 momentum absent; no quarterly breakdowns disclosed. Cash drained to $2K amid $955K liabilities; reliant on related-party advances. No dividends, buybacks, or guidance. PRC oversight of Hong Kong ops risks sudden curbs on dividends or expansion.
8-K
Auditor switch, no issues
OneSolution Technology Inc. accepted the resignation of auditor Olayinka Oyebola & Co. on May 22, 2025, before it began FY2025 audit work, and immediately engaged Lao Professional as replacement. No disagreements or reportable events arose with Olayinka or prior auditor J&S for FY2024 or 2023. Third swap in a year. Clean transition, but signals churn.
10-Q
Q3 FY2025 results
OneSolution Technology posted Q3 FY2025 revenue of $19.2K, flat y/y with prior $19.2K, while YTD revenue climbed 12.8% y/y to $57.7K (derived). Gross margins held steady near 40%, yet Q3 operating loss widened to $168K from $29K on $130K sales/marketing spend, driving quarterly net loss to $626K after $459K goodwill impairment. YTD swung to $1.7M net income, fueled by $2.5M gain on September 2024 disposal of Powertech subsidiaries, shrinking accumulated deficit to $7.7M. Cash ticked to $2K amid $34K operating burn, backed by related-party advances; no debt disclosed. Single customer risk looms large.
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