EvoAir Holdings Inc. Files Q1 2025 10-Q
Ticker: EVOH · Form: 10-Q · Filed: Jan 17, 2025 · CIK: 1700844
| Field | Detail |
|---|---|
| Company | Evoair Holdings INC. (EVOH) |
| Form Type | 10-Q |
| Filed Date | Jan 17, 2025 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
EvoAir Holdings filed its Q1 10-Q for FY25 ending Nov 30, 2024. Previously UNEX HOLDINGS INC.
AI Summary
EvoAir Holdings Inc. filed its 10-Q for the period ending November 30, 2024. The filing covers the first quarter of their fiscal year, which began on September 1, 2024. The company, previously known as UNEX HOLDINGS INC., is incorporated in Nevada and operates in the air conditioning and refrigeration equipment sector.
Why It Matters
This 10-Q filing provides investors with an update on EvoAir Holdings Inc.'s financial performance and position for the first quarter of its 2025 fiscal year.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial information.
Key Numbers
- 20241130 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
- 20250117 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- EvoAir Holdings Inc. (company) — Filer of the 10-Q
- UNEX HOLDINGS INC. (company) — Former name of EvoAir Holdings Inc.
- 20241130 (date) — End of the reporting period
- 20250117 (date) — Filing date
- 0001700844 (company) — Central Index Key for EvoAir Holdings Inc.
FAQ
What is the primary business of EvoAir Holdings Inc.?
EvoAir Holdings Inc. operates in the AIR COND & WARM AIR HEATING EQUIP & COMM & INDL REFRIG EQUIP sector, with SIC code 3585.
When did EvoAir Holdings Inc. change its name?
The company changed its name from UNEX HOLDINGS INC. on March 14, 2017.
What fiscal period does this 10-Q cover?
This 10-Q covers the first quarter of the fiscal year ending November 30, 2024.
Where is EvoAir Holdings Inc. incorporated?
EvoAir Holdings Inc. is incorporated in Nevada (NV).
What is the fiscal year end for EvoAir Holdings Inc.?
The company's fiscal year ends on August 31.
Filing Stats: 4,688 words · 19 min read · ~16 pages · Grade level 13.6 · Accepted 2025-01-17 06:39:38
Key Financial Figures
- $0.001 — as of January 13, 2025 Common Stock, $0.001 27,180,631 EvoAir Holdings Inc. P
Filing Documents
- form10-q.htm (10-Q) — 883KB
- ex31-1.htm (EX-31.1) — 12KB
- ex31-2.htm (EX-31.2) — 12KB
- ex32-1.htm (EX-32.1) — 7KB
- ex32-2.htm (EX-32.2) — 6KB
- 0001493152-25-002663.txt ( ) — 4712KB
- evoh-20241130.xsd (EX-101.SCH) — 45KB
- evoh-20241130_cal.xml (EX-101.CAL) — 64KB
- evoh-20241130_def.xml (EX-101.DEF) — 137KB
- evoh-20241130_lab.xml (EX-101.LAB) — 296KB
- evoh-20241130_pre.xml (EX-101.PRE) — 244KB
- form10-q_htm.xml (XML) — 578KB
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS 3 Item 2
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 20 Item 3
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 28 Item 4
CONTROLS AND PROCEDURES
CONTROLS AND PROCEDURES 28 PART II OTHER INFORMATION Item 1
LEGAL PROCEEDINGS
LEGAL PROCEEDINGS 29 Item 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 29 Item 3 DEFAULTS UPON SENIOR SECURITIES 29 Item 4 MINE SAFETY DISCLOSURES 29 Item 5 OTHER INFORMATION 29 Item 6 EXHIBITS 30
SIGNATURES
SIGNATURES 31 2 | Page
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS EVOAIR HOLDINGS INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (In U.S. Dollars, except share data or otherwise stated) AS OF NOVEMBER 30, 2024 AND AUGUST 31, 2024 November 30, 2024 August 31, 2024 (Unaudited) (Audited) ASSETS Current assets Cash and cash equivalents 149,732 $ 152,985 Accounts receivable 77,585 62,914 Inventories 409,185 460,047 Deposit, prepayments and other receivables 100,632 114,806 Total current assets 737,134 790,752 Non-current assets Property, plant and equipment, net 306,756 357,778 Operating lease right-of-use assets 172,672 199,647 Deferred offering cost 3,167,640 449,576 Technology-related intangible assets, net 50,578,939 51,481,358 Total non-current assets 54,226,007 52,488,359 TOTAL ASSETS $ 54,963,141 $ 53,279,111 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable and accruals $ 226,516 $ 267,900 Other payables 158,077 95,831 Deferred revenue 20,643 10,012 Hire purchase creditor 8,512 8,758 Amounts due to shareholders 1,528,155 1,202,692 Operating lease liability - current 100,478 99,445 Total current liabilities 2,042,381 1,684,638 Non-current liabilities Hire purchase creditor 2,220 4,320 Operating lease liabilities 79,672 108,891 Total non-current liabilities 81,892 113,211 TOTAL LIABILITIES 2,124,273 1,797,849 Commitments and contingencies (Note 14) - - Shareholders' equity Common stock, 250,000,000 authorized; $ 0.001 par value, 27,180,631 and 25,685,591 shares issued and outstanding as at November 30, 2024 and August 31, 2024 * 27,181 25,686 Additional paid in capital 97,492,063 91,513,818 Accumulated other comprehensive loss ( 40,990 ) ( 48,827 ) Accumulated deficit ( 43,957,258 ) ( 39,401,857 ) Non-controlling interest ( 682,128 ) ( 607,558 ) Total shareholders' equity 52,838,868 51,481,262 TOTAL LIABILITIES AND SHAREHOLDERS'