Eventiko Inc. Reports Continued Revenue Challenges and Increased Operating Expenses

Eventiko Inc. has reported its financial results for the three and nine months ended January 31, 2025, revealing a continued lack of revenue generation since its inception. The company reported total operating expenses of $4,129 for the three months ending January 31, 2025, a decrease from $4,729 in the same period the previous year. For the nine-month period, operating expenses rose to $19,723, compared to $10,309 for the prior year. The net loss for the three months was $4,129, slightly improved from a loss of $4,729 in the same quarter of 2024. Cumulatively, the net loss for the nine months reached $19,723, up from $10,309 in the previous year.

The balance sheet as of January 31, 2025, shows total current liabilities of $19,723, an increase from $14,260 as of April 30, 2024. The company has no current assets or cash equivalents, indicating a challenging liquidity position. The accumulated deficit has grown to $76,618, compared to $56,895 at the end of the previous fiscal year. The increase in liabilities is primarily attributed to related party loans, which have risen from $14,260 to $19,723, reflecting ongoing financial support from the company's director.

Eventiko Inc. continues to focus on organizing fashion events and related services, initially targeting Thailand with plans for future expansion into other Asian markets. The company has not yet launched any new products or made significant acquisitions, and it currently operates with no employees other than its director. The management has indicated that it will require additional capital to sustain operations and is exploring options for raising funds through equity or debt financing. However, there are no formal agreements in place for future financing, which raises concerns about the company's ability to continue as a going concern.

In terms of operational metrics, Eventiko has not reported any customer counts or engagement statistics, as it has yet to generate revenue from its services. The company has maintained a consistent number of shares outstanding at 4,192,500 since its inception. The management has acknowledged the uncertainty surrounding the impact of the COVID-19 pandemic on its operations, which could further affect its financial performance and ability to attract customers.

Looking ahead, Eventiko Inc. anticipates that its working capital requirements will increase in line with business growth. The company plans to finance its operations through a combination of existing funds and potential future securities issuances. However, management has cautioned that there are no assurances regarding the success of these efforts, and the company may face significant challenges in achieving financial viability without additional funding.