NuZee, Inc. Files 10-Q for Q3 2024
Ticker: CIMG · Form: 10-Q · Filed: May 24, 2024 · CIK: 1527613
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
NuZee 10-Q filed. Financials for Q3 2024 out.
AI Summary
NuZee, Inc. filed its 10-Q for the period ending March 31, 2024. The company reported financial results for the third quarter and nine months ended March 31, 2024, and compared them to the same periods in the prior year. Specific financial figures and operational details are provided within the filing.
Why It Matters
This filing provides investors with an update on NuZee, Inc.'s financial performance and operational status, crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — As a 10-Q filing, it contains detailed financial information that can reveal both positive and negative trends, requiring careful analysis to assess risk.
Key Numbers
- Q3 2024 — Reporting Period (Financial results for the third quarter ending March 31, 2024, are detailed.)
- Nine Months Ended March 31, 2024 — Year-to-Date Period (Financial results for the first nine months of the fiscal year are presented.)
Key Players & Entities
- NuZee, Inc. (company) — Filer of the 10-Q report
- 20240331 (date) — End of the reporting period
- 20240524 (date) — Filing date of the report
- Richardson, TX (location) — Company's business and mailing address
FAQ
What were NuZee, Inc.'s total revenues for the three months ended March 31, 2024?
The filing provides financial statements that detail total revenues for the specified period, but the exact figure is not explicitly stated in the provided header information.
How does NuZee, Inc.'s net income/loss for the nine months ended March 31, 2024, compare to the same period in the prior year?
The 10-Q filing contains comparative financial data, allowing for an analysis of net income/loss trends between the two periods.
What is NuZee, Inc.'s current cash and cash equivalents balance as of March 31, 2024?
The balance sheet within the 10-Q report will list the company's cash and cash equivalents as of the reporting date.
Were there any significant changes in NuZee, Inc.'s operating expenses during the third quarter of fiscal year 2024?
The statement of operations in the 10-Q will provide a breakdown of operating expenses and allow for comparison to prior periods.
What are the primary business segments or product lines of NuZee, Inc. as described in the filing?
The 'Business' section of the 10-Q typically outlines the company's core operations and product offerings.
Filing Stats: 4,522 words · 18 min read · ~15 pages · Grade level 17.3 · Accepted 2024-05-24 16:01:04
Key Financial Figures
- $0.00001 — nge on which registered Common Stock, $0.00001 par value NUZE The NASDAQ Stock Mar
Filing Documents
- form10-q.htm (10-Q) — 791KB
- ex31-1.htm (EX-31.1) — 17KB
- ex31-2.htm (EX-31.2) — 18KB
- ex32-1.htm (EX-32.1) — 7KB
- ex32-2.htm (EX-32.2) — 7KB
- 0001493152-24-021335.txt ( ) — 5032KB
- nuze-20240331.xsd (EX-101.SCH) — 38KB
- nuze-20240331_cal.xml (EX-101.CAL) — 57KB
- nuze-20240331_def.xml (EX-101.DEF) — 131KB
- nuze-20240331_lab.xml (EX-101.LAB) — 412KB
- nuze-20240331_pre.xml (EX-101.PRE) — 299KB
- form10-q_htm.xml (XML) — 667KB
Financial Statements
Item 1. Financial Statements 4 Consolidated Balance Sheets (unaudited) 4 Consolidated Statements of Operations (unaudited) 5 Consolidated Statements of Comprehensive Loss (unaudited) 6 Consolidated Statements of Stockholders' Equity (unaudited) 7 Consolidated Statements of Cash Flows (unaudited) 8
Notes to Consolidated Financial Statements (unaudited)
Notes to Consolidated Financial Statements (unaudited) 9
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 20
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 26
Controls and Procedures
Item 4. Controls and Procedures 26 PART II 26
Legal Proceedings
Item 1. Legal Proceedings 26
Risk Factors
Item 1A. Risk Factors 28
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 28
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 28
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 28
Other Information
Item 5. Other Information 28
Exhibits
Item 6. Exhibits 28
SIGNATURES
SIGNATURES 29 2 SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS This report includes "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), Such forward-looking statements reflect the views of NuZee, Inc. ("NuZee" or the "Company") with respect to future events and financial performance. These forward-looking statements are subject to certain uncertainties and other factors that could cause actual results to differ materially from such statements. From time to time, our management or persons acting on our behalf may make forward-looking statements to inform existing and potential security holders about the Company. All statements other than statements of historical facts included in this report regarding our financial position, business strategy, plans and objectives of management for future operations, industry conditions, or any other matters, are forward-looking statements. When used in this report, forward-looking "predict," "believe," "expect," "anticipate," "target," "plan," "intend," "seek," "goal," "will," "should," "may" or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about, actual or potential future sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking our plans to obtain funding for our operations, including funding necessary to develop, manufacture and commercialize our products, provide our