NaturalShrimp Inc. Reports Q4 2024 Results: Gross Sales Revenue Decreases by $45,000, Operating Expenses Reduced by $300,000
NaturalShrimp Inc. has released its financial results for the quarter ending December 31, 2024. The company reported a decrease in gross sales revenue, with figures showing $56,501 for the quarter, compared to $101,302 during the same period in 2023. This represents a decline of approximately $45,000. The decrease in sales revenue is attributed to the company's decision to begin winding down its business operations. During the current period, NaturalShrimp Inc. secured approximately $1.1 million from the sale of common and preferred shares and $840,000 from the issuance of debt. In comparison, the same period in the previous year saw the company receiving $2.6 million from share sales and about $100,000 from net issuance of debt. The company continues to operate as an aquaculture technology firm, focusing on its proprietary, patented platform technologies designed for the production of aquatic species in a controlled environment. This includes maintaining high-density, low-cost production facilities that are fully contained and independent. There is no specific guidance or outlook provided for future periods.
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