Verde Resources Files 10-Q for Q3 FY24

TL;DR

**VERDE RESOURCES (VRDR) FILED 10-Q FOR Q3 FY24 - FINANCIALS OUT.**

AI Summary

Verde Resources, Inc. filed a 10-Q for the period ending March 31, 2024. The company, operating in gold & silver ores, reported financial results for the third quarter of fiscal year 2024. Key financial figures and subsequent events were disclosed in the filing.

Why It Matters

This filing provides investors with an update on Verde Resources' financial performance and operational status for the most recent quarter, crucial for investment decisions.

Risk Assessment

Risk Level: medium — As a company in the gold & silver ores sector, Verde Resources is subject to commodity price volatility and exploration risks.

Key Numbers

• Q3 2024 — Fiscal Quarter (Reporting period for the 10-Q)
• 0.001 — Share Price (approx) (Indicates a very low stock price, common for micro-cap or distressed companies.)

Key Players & Entities

• VERDE RESOURCES, INC. (company) — Filer of the 10-Q
• 20240331 (date) — End of reporting period
• 20240520 (date) — Filing date
• GOLD & SILVER ORES (industry) — Standard Industrial Classification
• ST. LOUIS, MO (location) — Business and mailing address

FAQ

Key Financial Figures

• $0 — of the issuer's Common Stock, par value $0.001, outstanding. VERDE RESOURCES, INC

Filing Documents

• vrdr_10q.htm (10-Q) — 1508KB
• vrdr_ex311.htm (EX-31.1) — 11KB
• vrdr_ex312.htm (EX-31.2) — 12KB
• vrdr_ex321.htm (EX-32.1) — 6KB
• vrdr_10qimg2.jpg (GRAPHIC) — 22KB
• 0001640334-24-000860.txt ( ) — 8046KB
• vrdr-20240331.xsd (EX-101.SCH) — 85KB
• vrdr-20240331_lab.xml (EX-101.LAB) — 385KB
• vrdr-20240331_cal.xml (EX-101.CAL) — 68KB
• vrdr-20240331_pre.xml (EX-101.PRE) — 357KB
• vrdr-20240331_def.xml (EX-101.DEF) — 220KB
• vrdr_10q_htm.xml (XML) — 1635KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1. Unaudited Financial Statements. F-1 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. 4 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 10 Item 4.

Controls and Procedures

Controls and Procedures. 10

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1. Legal Proceedings. 11 Item 1A. Risk Factors. 11 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 11 Item 3. Defaults Upon Senior Securities. 11 Item 4. Mine Safety Disclosures. 11 Item 5. Other Information. 11 Item 6. Exhibits. 12

SIGNATURES

SIGNATURES 13 2 Table of Contents CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, that are not historical facts, and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. All statements, other than statements of historical facts, included in this Form 10-Q including, without limitation, statements in the "Management's Discussion and Analysis of Financial Condition and Results of Operations" regarding the Company's financial position, business strategy and the plans and objectives of management for future operations, events or developments which the Company expects or anticipates will or may occur in the future, including such things as future capital expenditures (including the amount and nature thereof); expansion and growth of the Company's business and operations; and other such matters are forward-looking statements. These statements are based on certain assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate under the circumstances. However, whether actual results or developments will conform with the Company's expectations and predictions is subject to a number of risks and uncertainties, including general economic, market and business conditions; the business opportunities (or lack thereof) that may be presented to and pursued by the Company; changes in laws or regulation; and other factors, most of which are beyond the control of the Company. These forward-looking statements can be identified by the use of predictive, future-tense or forward-looking terminology, such as "believes," "

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Item Regulation S-X, Rule 10-01(c) Interim Financial Statements, and, therefore, do not include all information and footnotes necessary for a complete presentation of financial position, results of operations, cash flows, and stockholders' equity in conformity with generally accepted accounting principles. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. Operating results for the nine months ended March 31, 2024 are not necessarily indicative of the results that can be expected for the year ended June 30, 2024. VERDE RESOURCES, INC. INDEX TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31, 2024 Page Unaudited Condensed Consolidated Balance Sheets as at March 31, 2024 and June 30, 2023 (audited) F-2 Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income for the Three and Nine Months Ended March 31, 2024 and 2023 F-3 Unaudited Condensed Consolidated Statements of Cash Flows for the Nine Months Ended March 31, 2024 and 2023 F-4 Unaudited Condensed Consolidated Statements of Changes in Equity for the Three and Nine Months Ended March 31, 2024 and 2023 F-5 Notes to Unaudited Condensed Consolidated Financial Statements F-7 F-1 Table of Contents VERDE RESOURCES, INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Currency expressed in United States Dollars ("US

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