JasperX Technologies (JSPX) investor relations material

Executive summary

• Venzee Technologies Inc. reported a net loss of $493,380 for the year ended March 31, 2024, compared to a net loss of $2,711,932 for the fifteen-month period ended March 31, 2023.

• Revenues for the year were $44,503, up from $32,092 in the prior period.

• The company continues to face material uncertainty regarding its ability to continue as a going concern due to ongoing losses, a working capital deficit of $581,830, and an accumulated deficit of $23,761,098 as of March 31, 2024.

• Operations are dependent on the ability to raise additional financing and commence profitable operations.

Financial highlights

• Revenue increased to $44,503 for the year ended March 31, 2024, from $32,092 in the prior period.

• Net loss narrowed to $493,380 from $2,711,932 year-over-year.

• Basic and diluted loss per share was $0.02, compared to $0.11 in the prior period.

• Cash at year-end was $17,313, up from $7,430 at March 31, 2023.

• Total liabilities at year-end were $1,129,826, with shareholders' deficiency of $1,109,313.

Outlook and guidance

• The company expects to incur further losses as it develops its business and is reliant on future financings to continue operations.

• There is no assurance that additional financing will be available in the future.