brooqLy, Inc. 2024 10-K: Revenue Up, Tax Charges Soar
Ticker: BRQL · Form: 10-K · Filed: Apr 1, 2025 · CIK: 1854526
Sentiment: neutral
Topics: 10-K, financials, taxes, revenue
TL;DR
brooqLy's 2024 10-K shows revenue growth but a massive jump in deferred taxes - watch that.
AI Summary
brooqLy, Inc. filed its 2024 10-K on April 1, 2025, reporting its fiscal year ended December 31, 2024. The company, formerly MyTreat, Inc., is incorporated in Nevada and operates in computer processing and data preparation services. Key financial data includes $24.2 million in revenue for 2024 and $25.6 million for 2023, with a significant increase in deferred income tax charges from $0.0001 in 2023 to $25.6 million in 2024. The filing also notes a subsequent event on February 25, 2025, involving Aerospace Capital Partners LLC.
Why It Matters
This filing provides a crucial look at brooqLy, Inc.'s financial performance and significant shifts in its tax liabilities for the 2024 fiscal year, impacting investor understanding of the company's financial health.
Risk Assessment
Risk Level: medium — The significant increase in deferred income tax charges from a negligible amount to $25.6 million warrants attention and could indicate future financial complexities or adjustments.
Key Numbers
- $24.2B — Revenue 2024 (Indicates company's top-line performance for the fiscal year.)
- $25.6B — Revenue 2023 (Provides a comparison point for revenue growth.)
- $25.6M — Deferred Income Tax Charges 2024 (Represents a significant increase from the prior year, impacting net income.)
- 0.0001 — Deferred Income Tax Charges 2023 (Shows a minimal amount in the prior year for comparison.)
- 2025-02-25 — Subsequent Event Date (Date of a significant event after the fiscal year-end.)
Key Players & Entities
- brooqLy, Inc. (company) — Filer of the 10-K
- MyTreat, Inc. (company) — Former name of brooqLy, Inc.
- 2024-12-31 (date) — Fiscal year end
- 2025-04-01 (date) — Filing date
- $24.2 million (dollar_amount) — Revenue for 2024
- $25.6 million (dollar_amount) — Revenue for 2023 and Deferred Income Tax Charges for 2024
- Aerospace Capital Partners LLC (company) — Involved in a subsequent event on February 25, 2025
FAQ
What is the nature of the significant increase in deferred income tax charges for brooqLy, Inc. in 2024?
The filing indicates a substantial rise in deferred income tax charges to $25.6 million in 2024, compared to a negligible amount in 2023, suggesting a potential change in tax strategy or financial reporting.
What was brooqLy, Inc.'s total revenue for the fiscal year ended December 31, 2024?
For the fiscal year ended December 31, 2024, brooqLy, Inc. reported revenue of $24,234,982.
What was the company's revenue for the previous fiscal year?
For the fiscal year ended December 31, 2023, brooqLy, Inc. reported revenue of $25,615,000.
What subsequent event occurred on February 25, 2025, involving brooqLy, Inc.?
On February 25, 2025, brooqLy, Inc. was involved in a subsequent event related to Aerospace Capital Partners LLC.
When did brooqLy, Inc. change its name from MyTreat, Inc.?
The company's name change from MyTreat, Inc. to brooqLy, Inc. occurred on March 31, 2021.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on April 1, 2025 regarding brooqLy, Inc. (BRQL).