Leopard Energy Reports Revenue Growth to $3,419, Net Loss Improves in Latest Financial Results

Leopard Energy, Inc., formerly known as Cyber Apps World Inc., reported its financial results for the six months ending January 31, 2025, revealing a revenue of $3,419, a significant increase from zero revenue during the same period in the previous year. The company attributed this revenue to a 5% royalty interest acquired in January 2024 from a package of oil wells in the Eagle Ford Shale, Texas. Despite this revenue generation, Leopard Energy recorded a net loss of $33,303 for the current period, an improvement compared to a net loss of $55,557 in the prior year.

The company's total operating expenses for the six months ended January 31, 2025, were $36,589, a notable decrease from $100,708 in the same period last year. This reduction in expenses was primarily due to lower general and administrative costs, which were largely covered by its controlling shareholder, Zenith Energy Ltd. As of January 31, 2025, Leopard Energy's accumulated deficit stood at $11,758,253, slightly improved from $11,724,950 at the end of the previous fiscal year.

In terms of strategic developments, Leopard Energy underwent a significant change in control in August 2023 when Zenith Energy acquired a majority stake in the company. This transition marked a shift in the company's focus from mobile application development to energy production and development opportunities in the U.S. The company has indicated plans for further acquisitions in the energy sector, aiming to expand its portfolio of royalty interests and ownership stakes.

Operationally, the company reported a cash balance of $9,718 as of January 31, 2025, up from $6,432 at the end of July 2024. Current liabilities decreased to $235,920 from $243,346 during the same period. The company has not issued or canceled any shares during the reporting period, maintaining a consistent share count of 1,272,917. The management has expressed concerns regarding the company's ability to continue as a going concern, emphasizing the need for additional capital to support ongoing operations and potential acquisitions.

Looking ahead, Leopard Energy plans to continue its focus on the energy sector, with expectations of raising additional capital through equity or debt financing. Zenith Energy has committed to providing financial support to facilitate the company's operations and expansion efforts. However, management acknowledges that the ability to secure financing will depend on market conditions and investor sentiment, which may impact the company's future growth and operational stability.