Hartford Creative Group Reports 505% Revenue Increase and Net Income Turnaround in Latest Quarter

Hartford Creative Group, Inc., formerly known as Hartford Great Health Corp., reported significant financial performance improvements in its latest 10-Q filing for the quarter ending January 31, 2025. The company generated revenues of $378,037 for the three months ended January 31, 2025, compared to $62,443 in the same period the previous year, marking a 505% increase. For the six months, revenue reached $845,499, a substantial rise of 1,254% from $62,443 in the prior year. The company also reported a net income of $144,015 for the three months and $271,284 for the six months, a notable turnaround from net losses of $19,997 and $45,453, respectively, in the same periods last year.

The financial results reflect a strategic shift towards social media advertising, which began in January 2024. This pivot has allowed Hartford Creative Group to expand its customer base and enhance its market presence. The company’s operating costs and expenses increased significantly, rising to $201,187 for the three months and $476,577 for the six months, primarily due to investments in scaling operations, including hiring and marketing expenditures. Despite these increased costs, the company achieved operating income of $176,850 for the three months and $368,922 for the six months, compared to losses in the previous year.

Operationally, Hartford Creative Group has made strides in its advertising services, engaging 15 customers and generating approximately $8.9 million in advance payments during the reporting period. The company has also expanded its service offerings by rebranding and acquiring subsidiaries, including the acquisition of ShangXing HuoMao Network Technology Ltd. in June 2024. As of January 31, 2025, the company reported a working capital deficit of $3,259,662, a slight improvement from $3,565,965 at the end of July 2024, and an accumulated deficit of $5,639,559.

The company’s balance sheet reflects a total asset value of $1,986,949, down from $3,688,004 as of July 31, 2024. Current liabilities decreased to $5,033,907 from $7,037,710, indicating a reduction in financial obligations. Hartford Creative Group has also noted a significant reliance on a few key customers, with one customer accounting for 85% of total gross billing during the quarter. This concentration risk highlights the need for continued diversification in its customer base.

Looking ahead, Hartford Creative Group aims to continue its growth trajectory in the social media advertising sector while exploring opportunities for geographic expansion and new service offerings. The company is also in the process of uplisting its stock from the OTC market to the Nasdaq exchange, which could facilitate additional capital raising efforts. However, management has expressed concerns regarding its ability to continue as a going concern, emphasizing the need for further financing to support its operations and strategic initiatives.