Latest 10-K annual reports

Monroe Federal Bancorp, Inc. reported a net loss of $327,000 for the fiscal year ended March 31, 2025, a significant decline from the prior year's net income, driven by decreased assets, deposit outflows, and an increase in non-performing loans following its mutual-to-stock conversion.

Hong Yuan Holding Group, a development-stage company, reported its first significant revenue of $245,572 in 2024, primarily from consolidated Chinese VIEs, but continues to face substantial net losses, an accumulated deficit of $97.8 million, and a going concern qualification from its auditors.

PodcastOne, Inc. announced a 20% increase in revenue for fiscal year 2025, reaching $52.1 million, despite a significant 44% decrease in podcast downloads and continued substantial net losses, raising substantial doubt about its ability to continue as a going concern.

Antiaging Quantum Living Inc. (AAQL) reported a dramatic increase in revenue for the fiscal year ended March 31, 2025, driven by new technical support services, but continues to face substantial net losses and a going concern warning.

Northann Corp.'s amended annual report for fiscal year 2024 reveals a substantial accumulated deficit, a net loss, and a going concern warning from auditors, despite an increase in revenue and gross profit.

National Beverage Corp. reported a 0.8% increase in net sales to $1.2014 billion and a 5.7% rise in net income to $186.8 million for Fiscal 2025, driven by higher selling prices and reduced costs despite a slight decrease in case volume.

Kewaunee Scientific Corporation reported increased sales driven by its Nu Aire acquisition but experienced a decline in net earnings for fiscal year 2025, while maintaining a strong order backlog.

Aeries Technology Inc. reported a substantial net loss of $21.6 million for fiscal year 2025, alongside a working capital deficit and a significant customer contract non-renewal, raising substantial doubt about its ability to continue as a going concern.

Credo Technology Group Holding Ltd reported a significant financial turnaround in fiscal year 2025, achieving net income of $52.2 million on record revenue of $436.8 million, primarily fueled by surging demand for its high-speed connectivity solutions in AI and hyperscale data centers.

Midland States Bancorp, Inc. has restated prior financial statements due to accounting errors in third-party loan programs, reported a substantial decline in 2024 net income, and anticipates a significant goodwill impairment charge in Q1 2025, reflecting deteriorating credit quality and strategic portfolio reductions.

SUIC Worldwide Holdings Ltd. reported a net loss of $234,211 for fiscal year 2024, narrowing losses from the prior year, while continuing to develop its fintech and supply chain integration ventures.

Northann Corp. reported a 10% increase in revenue and a significant improvement in gross profit for fiscal year 2024, driven by strategic acquisitions and a planned shift to U.S. manufacturing, despite a continued net loss and an auditor's going concern opinion.

IMAC Holdings, Inc. has undergone a significant strategic shift, divesting its previous patient care operations to focus entirely on oncology proteomics, while simultaneously addressing a financial restatement and navigating a delisting from Nasdaq.

Qualigen Therapeutics, an early-clinical-stage oncology company, reported a significant net loss and accumulated deficit for 2024, raising substantial doubt about its ability to continue as a going concern, compounded by a Nasdaq delisting notice and a slowdown in its core therapeutic programs.

Cineverse Corp. reported a substantial financial improvement for fiscal year 2025, moving from a net loss to net income and demonstrating strong revenue growth, primarily attributed to its expanding streaming business and key content releases.

Old Market Capital Corporation filed an amendment to its annual report to correct the audit report date and a disclosure regarding internal control over financial reporting.

Perfect Moment Ltd. reported a substantial net loss of $15.9 million and a 12.1% revenue decrease in fiscal year 2025, prompting auditors to raise substantial doubt about its ability to continue as a going concern, despite ongoing strategic shifts and recent capital raises.

Stemtech Corporation's latest 10-K filing reveals a reduced net loss and improved operating cash flow for 2024, yet highlights significant financial challenges including a substantial accumulated deficit, working capital deficiency, and material weaknesses in internal controls, raising substantial doubt about its ability to continue as a going concern.

PetroGas Company reported a net income of $8,978 for the fiscal year ended March 31, 2025, primarily due to a non-cash gain on asset retirement obligations, while continuing to face substantial doubt about its ability to continue as a going concern with no revenue generation and significant accumulated deficit.

FatPipe, Inc. reported a 9% decrease in fiscal year 2025 revenue to $16.29 million and a significant drop in net income, despite successfully completing its initial public offering and experiencing strong recurring billing growth.

Zoomcar Holdings, Inc. reported a reduced net loss for the fiscal year ended March 31, 2025, driven by significant cost reductions, but faces substantial doubt about its ability to continue as a going concern due to critically deficient cash, ongoing debt defaults, and recent delisting from Nasdaq.

Sundance Strategies, Inc. filed its annual 10-K report for the fiscal year ended March 31, 2025, revealing ongoing net losses, increased cash burn from operations, and a continued heavy reliance on related-party debt and equity financing to sustain its new professional services business model in the life settlement industry.

Elite Pharmaceuticals, Inc. announced a 48% increase in total revenue to $84.0 million for the fiscal year ended March 31, 2025, primarily due to four new product launches and increased sales from its Elite Label product line, though the company reported a net loss of $4.3 million and identified material weaknesses in internal controls.

Regenerex Pharma, Inc. reported a reduced net loss for the fiscal year ended March 31, 2025, driven by decreased research and development expenses, while actively pursuing significant strategic partnerships and additional capital to address ongoing liquidity challenges and a going concern doubt.

Yinfu Gold Corporation's latest 10-K filing reveals persistent operational challenges, a significant accumulated deficit, and an explicit going concern warning, despite a strategic shift towards Internet Technology, AI, and IoT.

PCS Edventures!, a K-12 STEM education provider, reported a significant revenue decrease in fiscal year 2025 to $7.42 million from $9.09 million in fiscal year 2024, primarily due to lost contracts and federal funding changes, while maintaining robust cash flow and working capital.

Addentax Group Corp. reported a significant increase in net loss for the fiscal year ended March 31, 2025, driven by declining logistics revenue and a substantial gross loss in its property management segment, while also receiving a Nasdaq minimum bid price deficiency notice.

Franklin Bitcoin ETF (EZBC) concluded its first full fiscal year on March 31, 2025, reporting a significant 17.34% increase in Net Asset Value per Share, closely tracking Bitcoin's price appreciation, despite navigating a highly volatile digital asset landscape and operational complexities inherent to the nascent crypto ETF market.

Franklin Responsibly Sourced Gold ETF (FGDL) reported a significant increase in net assets and NAV per share for the fiscal year ended March 31, 2025, primarily driven by a substantial appreciation in gold prices.

Franklin Ethereum Trust's annual report reveals a substantial net loss of over $17 million and a nearly 47% drop in Net Asset Value per share for its Franklin Ethereum ETF, primarily driven by a sharp decline in ether's market price since its July 2024 launch.