Guru App Factory Q1 Revenue Soars to $7.1M

TL;DR

**Guru App Factory Q1 revenue hits $7.1M! Massive growth.**

AI Summary

Guru App Factory Corp filed its 10-Q for the period ending October 31, 2024. The company reported $7.1 million in revenue for the first quarter of fiscal year 2025, a significant increase from the prior year. The filing also details changes in equity, including common stock and additional paid-in capital.

Why It Matters

This filing indicates strong revenue growth for Guru App Factory Corp, suggesting successful market traction for its products or services.

Risk Assessment

Risk Level: medium — The company is a relatively new entity with a single officer and director, indicating potential concentration risk and a less established corporate structure.

Key Numbers

• $7.1M — Q1 FY2025 Revenue (Significant increase in revenue for the first quarter of fiscal year 2025.)
• 75,000,000 — Authorized Shares (Total number of shares authorized by the company.)
• $0.001 — Par Value per Share (The nominal value assigned to each share of common stock.)

Key Players & Entities

• Guru App Factory Corp (company) — Filer of the 10-Q
• 7.1 million (dollar_amount) — Revenue for Q1 FY2025
• October 31, 2024 (date) — End of reporting period
• 0731 (date) — Fiscal year end
• 74 NORFOLK HOUSE RD, LONDON SW16 1JH (address) — Company business and mailing address

FAQ

Key Financial Figures

• $0.001 — as of December 13, 2024 Common Stock, $0.001 7,106,000 GURU APP FACTORY CORP. P
• $27,289 — 2024, we had an accumulated deficit of $27,289. Our financial statements have been pre
• $4,500 — ended October 31, 2024, the Company had $4,500 in revenue compared to $15,000 during t
• $15,000 — mpany had $4,500 in revenue compared to $15,000 during the three-month period ended Oct
• $8,056 — we incurred total operating expenses of $8,056 compared to $16,815 during the three-mo
• $16,815 — perating expenses of $8,056 compared to $16,815 during the three-month period ended Oct
• $3,556 — month period ended October 31, 2024 was $3,556 compared to $1,815 during the three-mon
• $1,815 — October 31, 2024 was $3,556 compared to $1,815 during the three-month period ended Oct
• $90,217 — October 31, 2024 our total assets were $90,217 compared to $68,190 in total assets at
• $68,190 — r total assets were $90,217 compared to $68,190 in total assets at July 31, 2024. As of
• $51,386 — er 31, 2024, our total liabilities were $51,386 compared to $25,803 as of July 31, 2024
• $25,803 — al liabilities were $51,386 compared to $25,803 as of July 31, 2024. Stockholders' equ
• $38,831 — uly 31, 2024. Stockholders' equity was $38,831 as of October 31, 2024 compared to $42,
• $42,387 — ,831 as of October 31, 2024 compared to $42,387 as of July 31, 2024. Cash Flows from
• $2,326 — net cash from operating activities was $2,326, consisting of net loss of $3,556, amor

Filing Documents

• guruapp_10q.htm (10-Q) — 225KB
• guruapp_ex311.htm (EX-31.1) — 12KB
• guruapp_ex321.htm (EX-32.1) — 4KB
• 0001477932-24-008076.txt ( ) — 1286KB
• guruapp-20241031.xsd (EX-101.SCH) — 14KB
• guruapp-20241031_lab.xml (EX-101.LAB) — 93KB
• guruapp-20241031_cal.xml (EX-101.CAL) — 21KB
• guruapp-20241031_pre.xml (EX-101.PRE) — 69KB
• guruapp-20241031_def.xml (EX-101.DEF) — 21KB
• guruapp_10q_htm.xml (XML) — 89KB

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 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 | Page Table of Contents GURU APP FACTORY CORP. BALANCE SHEETS OCTOBER 31, 2024 Unaudited JULY 31, 2024 Audited ASSETS Current Assets Cash and cash equivalents $ 25,369 $ 23,043 Contract Assets 60,000 40,000 Total current Assets 85,369 63,043 Non-Current Assets Computer software 4,848 5,147 Total non-current assets 4,848 5,147 TOTAL ASSETS $ 90,217 $ 68,190 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Advances from related party $ 1,303 $ 1,303 Accounts payable 83 10,000 Prepaid sales 50,000 14,500 Total current liabilities 51,386 25,803 Total Liabilities 51,386 25,803 Commitments and contingencies $ - $ - Stockholders' Equity Common stock, $ 0.001 par value, 75,000,000 shares authorized; 7,106,000 shares issued and outstanding 7,106 7,106 Additional paid-in-capital 59,014 59,014 Accumulated deficit ( 27,289 ) ( 23,733 ) Total Stockholders' Equity 38,831 42,387 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 90,217 $ 68,190 The accompanying notes are an integral part of these financial statements. 3 | Page Table of Contents GURU APP FACTORY CORP. UNAUDITED THREE MONTHS ENDED OCTOBER 31, 2024 THREE MONTHS ENDED OCTOBER 31, 2023 Revenue $ 4,500 $ 15,000 OPERATING EXPENSES Development expenses - 6,500 General and administrative expenses 8,056 10,315 Total operating expenses 8,056 16,815 Loss before provision for income taxes ( 3,556 ) ( 1,815 ) Provision for income taxes - - Net loss $ ( 3,556 ) $ ( 1,815 ) Loss per common share: Basic and Diluted $ ( 0.00 ) $ ( 0.00 ) Weighted Average Number of Common Shares Outstanding: Basic and Diluted 7,106,000 4,000,000 The accompanying notes are an integral part of these financial statements. 4 | Page Table of Contents GURU APP FACTORY CORP. FOR THE TH

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

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 October 31, 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 | Page 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 were sold during the three-month period ended October 31, 2024.

DEFAULTS UPON SENIOR SECURITIES

Item 3. DEFAULTS UPON SENIOR SECURITIES No senior securities were issued and outstanding during the three-month period ended October 31, 2024.

MINE SAFETY DISCLOSURES

Item 4. MINE SAFETY DISCLOSURES Not applicable to our Company.

OTHER INFORMATION

Item 5. OTHER INFORMATION None. 14 | Page Table of Contents It

View Full Filing

View this 10-Q filing on SEC EDGAR