WLSS
Welsis Corp.2.4000
+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
6.61MP/E (TTM)
-Basic EPS (TTM)
-0.02Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Welsis Corp posted a narrower Q3 net loss of $8,718 for the quarter ended June 30, 2025, down from $17,352 a year earlier, thanks to lower general and administrative expenses of $5,928 versus $15,688. No revenue emerged in the period, mirroring last year, while year-to-date through nine months the company swung to a $41,682 loss from $9,359 profit, hit by the absence of prior debt forgiveness gains and steady operating costs. Interest expense climbed to $2,790 quarterly from $1,664, widening the gap between operating and net loss by over 20% due to higher accruals on notes. Cash stayed at zero, with $47,053 in operating outflows fully offset by fresh convertible note proceeds; total debt hit $104,998 including a defaulted $40,000 note at 10%. The April 2024 ownership shift to Skywest Pinnacle sparked a pivot to crypto trading via TokenTraders.net, yet revenue remains elusive. Controls faltered, per management's assessment.
10-Q
Q2 FY2025 results
Welsis Corp posted a $8,708 net loss for Q2 FY2025 ended March 31, 2025, widening from $39,975 net income a year earlier, driven by the absence of a $55,000 debt forgiveness gain that boosted last year's results; six-month net loss hit $32,964, versus $26,711 profit in 2024, with revenue dropping to zero from $2,000 amid the pivot to cryptocurrency trading via TokenTraders.net. Operating expenses dipped 47% year-over-year to $6,507 in the quarter, signaling tighter control, while interest expense climbed to $2,201 from $999. No free cash flow disclosed, as cash stayed flat at zero, funded by $35,158 in new convertible notes at 8% interest, maturing in six years and convertible at $0.50 per share; total debt reached $93,103, including a defaulted $40,000 note at 10%. The company holds $3,063 in prepaid expenses against $72,565 current liabilities. Ownership shifted in April 2024 to Skywest Pinnacle Limited with 73% stake. Yet crypto markets swing wildly.
10-Q
Q1 FY2025 results
Welsis Corp posted no revenue for Q1 FY2025 ended December 31, 2024, down from $2,000 a year earlier, while operating expenses climbed to $22,244 from $14,265, yielding an operating loss of $22,244 versus $12,265 last year. Net loss widened to $24,256 from $13,264, with the gap to operating loss pinned on $2,012 in interest expense. Cash burn from operations hit $9,289, offset exactly by proceeds from a new convertible note, leaving cash at zero but prepaids at $4,106 against $90,769 in current liabilities, including a defaulted $40,000 note at 10%. The pivot to crypto trading via TokenTraders.net shows promise amid the teletherapy wind-down. No non-GAAP metrics disclosed in the 10-Q. Yet crypto volatility looms large.
10-K
FY2024 results
Welsis Corp narrowed its FY2024 net loss to $24,683 from $41,068 in FY2023, driven by a $55,000 gain on debt forgiveness offsetting an operating loss of $57,898, while revenue plunged 93% y/y to $2,000 amid a mid-year pivot from teletherapy to crypto exchange TokenTraders.net. The impairment of $15,333 on obsolete mobile app assets marked the shift, with no quarterly breakdowns disclosed but post-April change showing accelerated losses from business model overhaul. Cash drained to zero, with $29,979 used in operations funded by $20,145 in financing including $17,945 convertible notes. No dividends or buybacks occurred. Liquidity hinges on future equity raises. Ownership changes risk diluting control.
8-K
Auditor change at Welsis
Welsis Corp. dismissed its auditor Mercurius & Associates LLP effective January 6, 2025, with no disagreements or reportable events from the June 30, 2024 interim review. The board swiftly appointed Boladale Lawal & Co. as the new firm for the fiscal year ending September 30, 2024, confirming no prior consultations. This switch ensures seamless compliance. Filing lacks rationale.
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