JIVA Technologies Announces Filing of Interim Financial Statements for Nine Months Ended December 31, 2024
JIVA Technologies (OTCQB: PLTXF) has released its Q3 financial statements for the period ended December 31, 2024. The company reported gross revenue of $3.65 million, down from $9.18 million in December 2023. Cost of goods sold decreased to $1.33 million from $5.17 million in the previous year.
The company's net loss improved significantly to $1.98 million, compared to $5.70 million in the same period last year. JIVA, which specializes in building niche online wellness communities and immersive physical environments, attributes these results to improved operational efficiencies and strategic alignment with long-term growth objectives in the wellness industry.
JIVA Technologies (OTCQB: PLTXF) ha pubblicato i suoi bilanci finanziari per il terzo trimestre per il periodo concluso il 31 dicembre 2024. L'azienda ha riportato un fatturato lordo di 3,65 milioni di dollari, in calo rispetto ai 9,18 milioni di dollari di dicembre 2023. Il costo delle merci vendute 猫 diminuito a 1,33 milioni di dollari rispetto ai 5,17 milioni di dollari dell'anno precedente.
La perdita netta dell'azienda 猫 migliorata significativamente a 1,98 milioni di dollari, rispetto ai 5,70 milioni di dollari nello stesso periodo dell'anno scorso. JIVA, che si specializza nella creazione di comunit脿 online di benessere di nicchia e ambienti fisici immersivi, attribuisce questi risultati a una maggiore efficienza operativa e a un allineamento strategico con gli obiettivi di crescita a lungo termine nel settore del benessere.
JIVA Technologies (OTCQB: PLTXF) ha publicado sus estados financieros del tercer trimestre para el per铆odo que termin贸 el 31 de diciembre de 2024. La compa帽铆a report贸 ingresos brutos de 3,65 millones de d贸lares, una disminuci贸n con respecto a los 9,18 millones de d贸lares en diciembre de 2023. El costo de bienes vendidos disminuy贸 a 1,33 millones de d贸lares desde los 5,17 millones de d贸lares del a帽o anterior.
La p茅rdida neta de la compa帽铆a mejor贸 significativamente a 1,98 millones de d贸lares, en comparaci贸n con los 5,70 millones de d贸lares en el mismo per铆odo del a帽o pasado. JIVA, que se especializa en construir comunidades de bienestar en l铆nea de nicho y entornos f铆sicos inmersivos, atribuye estos resultados a una mayor eficiencia operativa y a una alineaci贸n estrat茅gica con los objetivos de crecimiento a largo plazo en la industria del bienestar.
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JIVA Technologies (OTCQB: PLTXF) a publi茅 ses 茅tats financiers du troisi猫me trimestre pour la p茅riode se terminant le 31 d茅cembre 2024. L'entreprise a d茅clar茅 un chiffre d'affaires brut de 3,65 millions de dollars, en baisse par rapport 脿 9,18 millions de dollars en d茅cembre 2023. Le co没t des biens vendus a diminu茅 脿 1,33 million de dollars contre 5,17 millions de dollars l'ann茅e pr茅c茅dente.
La perte nette de l'entreprise s'est consid茅rablement am茅lior茅e 脿 1,98 million de dollars, contre 5,70 millions de dollars au cours de la m锚me p茅riode l'ann茅e derni猫re. JIVA, qui se sp茅cialise dans la cr茅ation de communaut茅s de bien-锚tre en ligne de niche et d'environnements physiques immersifs, attribue ces r茅sultats 脿 une am茅lioration de l'efficacit茅 op茅rationnelle et 脿 un alignement strat茅gique avec des objectifs de croissance 脿 long terme dans l'industrie du bien-锚tre.
JIVA Technologies (OTCQB: PLTXF) hat ihre Finanzberichte f眉r das dritte Quartal f眉r den Zeitraum zum 31. Dezember 2024 ver枚ffentlicht. Das Unternehmen meldete einen Bruttoumsatz von 3,65 Millionen Dollar, ein R眉ckgang von 9,18 Millionen Dollar im Dezember 2023. Die Kosten der verkauften Waren sanken auf 1,33 Millionen Dollar von 5,17 Millionen Dollar im Vorjahr.
Der Nettoverlust des Unternehmens verbesserte sich erheblich auf 1,98 Millionen Dollar, verglichen mit 5,70 Millionen Dollar im gleichen Zeitraum des Vorjahres. JIVA, das sich auf den Aufbau von Nischen-Online-Wellness-Communities und immersiven physischen Umgebungen spezialisiert hat, f眉hrt diese Ergebnisse auf verbesserte betriebliche Effizienzen und strategische Ausrichtung auf langfristige Wachstumsziele in der Wellness-Branche zur眉ck.
- Net loss reduced by 65% to $1.98M from $5.70M
- Cost of goods sold decreased by 74% to $1.33M
- Improved operational efficiencies demonstrated
- Revenue declined 60% to $3.65M from $9.18M
- Still operating at a loss of $1.98M
- Gross Revenue:
$3,651,671 $9,184,678 - Cost of Goods Sold:
$1,326,083 $5,165,266 - Net Loss:
$1,980,741 $5,699,913
These results showcase JIVA's progress in optimizing its operations and aligning its business strategies with long-term growth in the wellness industry.
"Our third-quarter results underscore the strides JIVA is making in strengthening its business foundations and adapting to the evolving wellness market," said Lorne Rapkin CEO of JIVA Technologies. "We remain focused on scaling our innovative platforms and creating transformative experiences, both online and in-person, while delivering sustainable value for our stakeholders.
Additional Information
The Company's complete financial statements and management's discussion & analysis ("MD&A") for 2024 are available on JIVA's website () and SEDAR ().
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release.
About JIVA Technologies
JIVA Technologies is dedicated to building niche online wellness communities and creating immersive physical environments. With a proven track record in e-commerce marketplaces, bolstered by expert UI/UX design and SEO, JIVA now focuses on joint ventures to support wellness brands in developing their online presence. The company owns and operates Bloombox Club, an online plant delivery marketplace serving
Contact:
Lorne Rapkin
Chief Executive Officer
(416) 419-1415
Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as "may," "will," "expect," "likely," "should," "would," "plan," "anticipate," "intend," "potential," "proposed," "estimate," "believe" or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. The forward-looking information contained herein includes, without limitation, the revocation of the CTO by the BCSC and the resumption of trading of the common shares on the Canadian Securities Exchange.
By its nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate; that assumptions may not be correct; and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release. For a detailed description of applicable risks, please see risk factors described more fully in the Company's filings which have been filed on SEDAR.
Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
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