As of April 30, 2024, Arax Holdings Corp. reported total assets of $7,587,711, reflecting an increase from $7,147,935 as of October 31, 2023. However, total current assets saw a decline, decreasing from $1,675,720 to $850,678 during the same period. In contrast, total current liabilities rose from $358,134 to $453,339, indicating a shift in the company's short-term financial obligations. Total stockholders' equity increased from $6,789,801 to $7,134,372, suggesting a strengthening of the company's net worth.

For the three months ended April 30, 2024, Arax Holdings reported revenue of $301,750, a notable increase of 33% compared to $226,886 for the same period in 2023. For the six months ended April 30, 2024, revenue reached $528,636, up 16% from $453,772 in the prior year. This growth in revenue is indicative of improved sales performance across the company's product lines.

Operating expenses for the three months ended April 30, 2024, were significantly reduced to $87,535, down from $2,702,448 in the same period of 2023. This substantial decrease in expenses contributed to a reduced net loss of $213,328 for the three months, compared to a net loss of $1,791,316 in the previous year. For the six-month period, the net loss was $472,666, a significant improvement from $2,858,181 in the same period of 2023.

Net cash used in operating activities for the six months ended April 30, 2024, was $183,558, a marked decrease from $1,004,667 for the same period in 2023, indicating improved cash flow management. Additionally, capitalized software and development costs for the six months totaled $1,265,120, reflecting ongoing investment in technology and product development.

Overall, Arax Holdings Corp. has demonstrated a positive trajectory in revenue growth and a significant reduction in operating expenses, contributing to a lower net loss compared to the previous fiscal period.