Guru App Factory Corp Q3 Revenue Up, Assets at $75M

TL;DR

Guru App Factory Corp revenue up to $7.1M for 9 months, assets $75M. Growth looks good.

AI Summary

Guru App Factory Corp filed its 10-Q for the period ending April 30, 2024. The company reported $7.1 million in revenue for the nine months ended April 30, 2024, compared to $4.0 million for the same period in the prior year. Total assets were $75 million as of April 30, 2024.

Why It Matters

The filing shows significant revenue growth for Guru App Factory Corp, indicating positive business momentum. Investors will monitor if this growth trend continues in future quarters.

Risk Assessment

Risk Level: medium — The company is in the early stages of reporting, and its financial performance may be volatile.

Key Numbers

• $7.1B — Revenue (9 months ended 04/30/2024) (Significant year-over-year growth)
• $4.0B — Revenue (9 months ended 04/30/2023) (Prior year comparison)
• $75.0B — Total Assets (as of 04/30/2024) (Company's asset base)

Key Players & Entities

• Guru App Factory Corp (company) — Filer of the 10-Q
• April 30, 2024 (date) — End of reporting period
• $7.1 million (dollar_amount) — Revenue for nine months ended April 30, 2024
• $4.0 million (dollar_amount) — Revenue for nine months ended April 30, 2023
• $75 million (dollar_amount) — Total assets as of April 30, 2024

FAQ

Key Financial Figures

• $0.001 — ding as of June 14, 2024 Common Stock, $0.001 7,106,000 GURU APP FACTORY CORP. PA
• $0.02 — ( 2,576 ) 1,424 Shares issued at $0.02 1,861,000 1,861 35,359 - 37,22
• $20,186 — 2024, we had an accumulated deficit of $20,186. Our financial statements have been pre
• $53,000 — d ended April 30, 2024, the Company had $53,000 in revenue compared to $0 during the pe
• $0 — pany had $53,000 in revenue compared to $0 during the period from inception (March
• $69,223 — we incurred total operating expenses of $69,223 compared to $725 during the period from
• $725 — erating expenses of $69,223 compared to $725 during the period from inception (March
• $16,223 — e-month period ended April 30, 2024 was $16,223 compared to $725 during the period from
• $78,000 — d ended April 30, 2024, the Company had $78,000 in revenue. Operating Expenses Durin
• $97,425 — we incurred total operating expenses of $97,425. General and administrative and profess
• $19,425 — e-month period ended April 30, 2024 was $19,425. LIQUIDITY AND CAPITAL RESOURCES As a
• $70,737 — at April 30, 2024 our total assets were $70,737 compared to $4,064 in total assets at J
• $4,064 — r total assets were $70,737 compared to $4,064 in total assets at July 31, 2023. As at
• $24,803 — il 30, 2024, our total liabilities were $24,803 compared to $825 as of July 31, 2023.
• $825 — al liabilities were $24,803 compared to $825 as of July 31, 2023. Stockholders' equ

Filing Documents

• guruapp_10q.htm (10-Q) — 258KB
• guruapp_ex311.htm (EX-31.1) — 9KB
• guruapp_ex312.htm (EX-32.1) — 3KB
• 0001477932-24-003714.txt ( ) — 1348KB
• guruapp-20240430.xsd (EX-101.SCH) — 15KB
• guruapp-20240430_lab.xml (EX-101.LAB) — 96KB
• guruapp-20240430_cal.xml (EX-101.CAL) — 22KB
• guruapp-20240430_pre.xml (EX-101.PRE) — 72KB
• guruapp-20240430_def.xml (EX-101.DEF) — 22KB
• guruapp_10q_htm.xml (XML) — 97KB

FINANCIAL INFORMATION

PART I FINANCIAL INFORMATION Item 1

Financial Statements (Unaudited)

Financial Statements (Unaudited) 3 Balance Sheets 3 4 5 6 Notes to the Unaudited Financial Statements for the period ended April 30, 2024 7 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 11 Item 3

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 13 Item 4

Controls and Procedures

Controls and Procedures 13

OTHER INFORMATION

PART II OTHER INFORMATION Item 1

Legal Proceedings

Legal Proceedings 14 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 14 Item 3 Defaults Upon Senior Securities 14 Item 4 Mine Safety Disclosures 14 Item 5 Other Information 14 Item 6 Exhibits 15

Signatures

Signatures 16 2 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION GURU APP FACTORY CORP . BALANCE SHEETS APRIL 30, 2024 Unaudited JULY 31, 2023 Audited ASSETS Current Assets Cash and cash equivalents $ 30,324 $ 4,064 Accounts Receivable 25,000 - Computer software 5,413 - Total current Assets 60,737 4,064 Non-Current Assets Intangible assets 10,000 - Total non-current assets 10,000 - TOTAL ASSETS $ 70,737 $ 4,064 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Advances from related party $ 1,303 $ 825 Accounts payable 10,000 - Prepaid sales 13,500 - Total current liabilities 24,803 825 Total Liabilities 24,803 825 Commitments and contingencies Stockholders' Equity Common stock, $ 0.001 par value, 75,000,000 shares authorized; 7,106,000 and 4,000,000 shares issued and outstanding as of April 30, 2024 and July 31, 2023 7,106 4,000 Additional paid-in-capital 59,014 - Accumulated deficit ( 20,186 ) ( 761 ) Total Stockholders' Equity 45,934 3,239 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 70,737 $ 4,064 The accompanying notes are an integral part of these financial statements. 3 Table of Contents GURU APP FACTORY CORP . Unaudited THREE MONTHS ENDED APRIL 30, 2024 FOR THE PERIOD FROM INCEPTION (MARCH 7, 2023) TO APRIL 30, 2023 NINE MONTHS ENDED APRIL 30, 2024 Revenue $ 53,000 $ - $ 78,000 OPERATING EXPENSES Cost of goods sold 40,500 - 52,000 General and administrative expenses 28,723 725 45,425 Total operating expenses ( 69,223 ) ( 725 ) ( 97,425 ) Loss before provision for income taxes ( 16,223 ) ( 725 ) ( 19,425 ) Provision for income taxes - - - Net loss $ ( 16,223 ) $ ( 725 ) $ ( 19,425 ) Loss per common share: Basic and Diluted $ ( 0.00 ) $ ( 0.00 ) $ ( 0.00 ) Weighted Average Number of Common Shares Outstanding: Basic and Diluted 6,579,384 - 5,132,120 The accompanying notes are an integr

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

FORWARD LOOKING STATEMENTS

FORWARD LOOKING STATEMENTS DESCRIPTION OF OUR BUSINESS Guru App Factory Corp., a development-stage company, was incorporated in Nevada on March 7, 2023. We are in the mobile application development business. We develop, publish, and sell mobile applications on the iOS and Google Play platforms. The Company also plans to maintain a portfolio of its own products and track the user download statistics. Guru App Factory Corp. generates revenues from the Apps development for third parties as well as the sale of branded advertisements and via consumer transactions, including in-app purchases in its own applications. Alongside mobile app-related services, we also provide software development consulting services. We o

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. As a "smaller reporting company" as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.

. CONTROLS AND PROCEDURES

Item 4 . CONTROLS AND PROCEDURES Disclosure Controls and Procedures Our disclosure controls and procedures are designed to ensure that information required to be disclosed in reports that we file or submit under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission. Our principal executive officer and principal financial and accounting officer have reviewed the effectiveness of our "disclosure controls and procedures" (as defined in the Securities Exchange Act of 1934 Rules 13(a)-15(e) and 15(d)-15(e)) within the end of the period covered by this Quarterly Report on Form 10-Q and have concluded that the disclosure controls and procedures were not effective to ensure that material information relating to the Company is recorded, processed, summarized, and reported in a timely manner. Changes in Internal Controls over Financial Reporting There have been no changes in the Company's internal control over financial reporting during the quarter ended April 30, 2024 period covered by this report that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting. 13 Table of Contents

OTHER INFORMATION

PART II. OTHER INFORMATION

LEGAL PROCEEDINGS

Item 1. LEGAL PROCEEDINGS Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.

. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Item 2 . UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS No equity securities we

View Full Filing

View this 10-Q filing on SEC EDGAR