As of August 31, 2024, Photozou Holdings, Inc. reported total assets of $331,426, a significant increase from $156,413 as of November 30, 2023. Current assets also rose to $293,051 from $101,102 during the same period. However, total current liabilities increased to $1,038,948, up from $817,804, contributing to a total stockholders' deficit of $(707,522), which worsened from $(667,810) in the previous fiscal period.
For the three months ended August 31, 2024, Photozou Holdings achieved total revenues of $55,445, a substantial increase compared to $11,837 for the same period in 2023. Over the nine months ending August 31, 2024, total revenues reached $138,735, significantly higher than $54,383 for the same period in the prior year. Notably, service revenue for the nine months was $95,622, a dramatic rise from $12,417 in the same timeframe of 2023.
Despite the revenue growth, the company reported a net loss of $(44,647) for the three months ended August 31, 2024, although this represented an improvement from a net loss of $(69,140) for the same period in 2023. For the nine months ended August 31, 2024, the net loss was $(263,855), compared to $(181,670) for the same period in 2023.
Cash and cash equivalents increased to $35,183 as of August 31, 2024, up from $11,562 as of November 30, 2023. However, net cash used in operating activities for the nine months was $(235,150), a significant increase from $(35,205) in the same period of 2023. The company reported proceeds from financing activities totaling $233,069 for the nine months ended August 31, 2024, compared to $33,124 in the same period of the previous year.
About Photozou Holdings, Inc.
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