Panamera Holdings Reports Revenue Growth to $43,568 but Incurred Net Loss of $72,568

Panamera Holdings Corporation reported its financial results for the three months ended October 31, 2024, revealing total revenues of $43,568, a significant increase from $0 in the same period last year. The revenue comprised $7,905 from general sales and $35,663 from related party transactions. Despite this revenue generation, the company incurred a net loss of $72,568, compared to a loss of $62,992 in the prior year, indicating a deterioration in profitability. Operating expenses rose to $114,219, up from $64,911, primarily due to increased general and administrative costs and stock-based compensation.

The company's balance sheet showed total assets of $103,096, a decrease from $105,992 as of July 31, 2024. Current assets increased to $8,634, driven by cash and other receivables, while current liabilities surged to $284,421, up from $219,011. This resulted in a working capital deficiency of $275,787, reflecting a worsening financial position. The accumulated deficit also grew to $22,840,273, highlighting ongoing challenges in achieving profitability.

Strategically, Panamera Holdings has shifted its focus from healthcare consulting to exploring opportunities in the environmental services and innovative technologies sectors. The company established three wholly owned subsidiaries in mid-2023 to facilitate this transition. Additionally, on October 1, 2024, Panamera completed a significant acquisition of AusTex Aggregates LLC, exchanging 2,750,000 shares of restricted common stock valued at $2,282,500 for the membership interests of the company. However, this agreement was later discontinued in January 2025.

Operationally, the company has seen a notable increase in customer engagement, with a weighted average of 45,417,989 common shares outstanding as of October 31, 2024, compared to 35,410,000 in the previous year. The company’s cash position at the end of the reporting period was $1,260, down from $1,838 at the end of July 2024. The company continues to rely on related party loans for financing, with $80,146 owed as of the end of October 2024.

Looking ahead, Panamera Holdings faces substantial doubt regarding its ability to continue as a going concern, as it must secure additional financing to support its operations and business development plans. Management intends to pursue equity financing arrangements to address its capital needs for the fiscal year ending July 31, 2025. The company’s future performance will depend on its ability to successfully implement its new business strategy and improve its financial stability.