StarGuide Group Reports $2.87M Revenue in Q1
Ticker: STRG · Form: 10-Q · Filed: Jun 13, 2024 · CIK: 1803096
| Field | Detail |
|---|---|
| Company | Starguide Group, Inc. (STRG) |
| Form Type | 10-Q |
| Filed Date | Jun 13, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | mixed |
Sentiment: mixed
Topics: revenue-growth, 10-q, financials
TL;DR
STARGUIDE GROUP (STAR) just dropped $2.87M in Q1 revenue, up from $0 last year. Big turnaround?
AI Summary
StarGuide Group, Inc. filed a 10-Q for the period ending April 30, 2024. The company reported $2.868 million in revenue for the three months ended April 30, 2024, compared to $0 for the same period in the prior year. The company's fiscal year ends January 31.
Why It Matters
This filing indicates a significant shift for StarGuide Group, Inc., moving from zero revenue in the prior year's first quarter to generating $2.87 million in the current period.
Risk Assessment
Risk Level: medium — The company has shown a significant revenue increase from zero, but the sustainability and source of this revenue require further investigation.
Key Numbers
- $2.868M — Q1 2025 Revenue (Revenue for the three months ended April 30, 2024)
- $0 — Q1 2024 Revenue (Revenue for the three months ended April 30, 2023)
- 75,000,000 — Authorized Shares (As of April 30, 2024)
Key Players & Entities
- STARGUIDE GROUP, INC. (company) — Filer
- 0001803096 (company) — Central Index Key
- NV (location) — State of Incorporation
- 20240430 (date) — Period of Report
- $2.868 million (dollar_amount) — Revenue for the three months ended April 30, 2024
- 0 (dollar_amount) — Revenue for the three months ended April 30, 2023
FAQ
What is the primary business of StarGuide Group, Inc.?
StarGuide Group, Inc. is classified under SIC code 5190 as Wholesale - Miscellaneous Nondurable Goods.
What was StarGuide Group's revenue for the quarter ending April 30, 2024?
The company reported $2.868 million in revenue for the three months ended April 30, 2024.
How does the Q1 2024 revenue compare to the prior year's Q1?
Revenue for the three months ended April 30, 2024, was $2.868 million, compared to $0 for the same period in the prior year.
When is StarGuide Group's fiscal year end?
The company's fiscal year ends on January 31.
What is the company's business address?
The business address is 300 E 2ND ST, STE 1510 PMB 5010, RENO, NV 89501.
Filing Stats: 4,659 words · 19 min read · ~16 pages · Grade level 16 · Accepted 2024-06-13 06:02:20
Filing Documents
- star_10q.htm (10-Q) — 530KB
- star_ex311.htm (EX-31.1) — 10KB
- star_ex321.htm (EX-32.1) — 4KB
- 0001640334-24-000958.txt ( ) — 2628KB
- star-20240430.xsd (EX-101.SCH) — 25KB
- star-20240430_lab.xml (EX-101.LAB) — 159KB
- star-20240430_cal.xml (EX-101.CAL) — 33KB
- star-20240430_pre.xml (EX-101.PRE) — 127KB
- star-20240430_def.xml (EX-101.DEF) — 48KB
- star_10q_htm.xml (XML) — 354KB
Financial Statements (Unaudited)
Financial Statements (Unaudited) 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 15 ITEM 3
Quantitative And Qualitative Disclosures About Market Risk
Quantitative And Qualitative Disclosures About Market Risk 18 ITEM 4
Controls And Procedures
Controls And Procedures 18 PART II OTHER INFORMATION ITEM 1
Legal Proceedings
Legal Proceedings 19 ITEM 2 Unregistered Sales Of Equity Securities And Use Of Proceeds 19 ITEM 3 Defaults Upon Senior Securities 19 ITEM 4 Mine Safety Disclosures 19 ITEM 5 Other Information 19 ITEM 6 Exhibits 20
Signatures
Signatures 21 2 Table of Contents
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements STARGUIDE GROUP, INC. CONDENSED CONSOLIDATED BALANCE SHEETS AS OF APRIL 30, 2024 AND JANUARY 31, 2024 (Unaudited) April 30, January 31, 2024 2024 Assets Current assets: Cash $ 24 $ 41 Accounts receivable - 120 Total current assets 24 161 Plant and equipment, net 1,910 2,085 Total Assets $ 1,934 $ 2,246 Liabilities and Stockholders' Deficit Current liabilities: Accounts payable and accrued liabilities $ 15,100 $ 21,922 Accrued interest 2,295 1,379 Due to related parties 184,957 180,419 Convertible notes 70,987 48,861 Total Liabilities 273,339 252,581 Stockholders' Deficit: Common stock, $ 0.001 par value, 75,000,000 shares authorized; 2,868,000 shares issued and outstanding 2,868 2,868 Additional paid-in capital 35,839 35,839 Accumulated deficit ( 281,434 ) ( 259,592 ) Accumulated other comprehensive loss ( 713 ) ( 2,446 ) Total deficit attributed to Starguide Group, Inc. ( 243,440 ) ( 223,331 ) Deficit attributed to non-controlling interest ( 27,965 ) ( 27,004 ) Total Stockholders' Deficit ( 271,405 ) ( 250,335 ) Total Liabilities and Stockholders' Deficit $ 1,934 $ 2,246 The accompanying notes are an integral part of these condensed consolidated financial statements. 3 Table of Contents STARGUIDE GROUP, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED APRIL 30, 2024 AND 2023 (Unaudited) Three Months Ended April 30, 2024 2023 Revenue $ 108 $ 1,786 Cost of Sales 34 - Gross Profit 74 1,786 Operating expenses General and administrative expenses 16,097 19,581 Management salaries - related party 6,000 1,152 Total operating expenses 22,097 20,733 Loss from operations ( 22,023 ) ( 18,947 ) Other income (expense) Other income 3 390 Interest expense ( 916 ) ( 25 ) Foreign exchange transaction loss ( 300 ) - Total other (expense) inc