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Jiva Technologies Reports Significant Year-Over-Year Improvement in Financial Results, Showcasing Stronger Operating Efficiencies and Strategic Growth
Prnewswireยท2025-09-11 12:30

Core Insights - Jiva Technologies Inc. reported significant financial improvement for the fiscal year ended March 31, 2025, with revenue of CAD 4,600,991 and a reduced net loss of CAD 651,981 compared to a net loss of CAD 3,303,242 in the previous year [2][3] - The company has implemented a disciplined approach to cost management, resulting in substantial reductions in various expenses, which has positively impacted its financial performance [3][8] Financial Performance - Revenue for the year ended March 31, 2025, was CAD 4,600,991, with a net loss of CAD 651,981, a significant improvement from the previous year's loss of CAD 3,303,242 [2] - Loss per share improved to CAD 0.45 from CAD 3.99 in fiscal 2024, indicating a narrowing of losses [2] - Operating cash flow improved to CAD (873,632) from CAD (1,079,014) in 2024, showcasing better working capital management [8] Cost Management - Advertising and promotion expenses decreased by 84% compared to 2024, reflecting a shift to more cost-efficient marketing channels [8] - Consulting, legal, and salary expenses also saw significant declines, contributing to the overall reduction in operational costs [8] Strategic Positioning - Jiva Technologies is well-positioned for growth in the wellness technology sector, leveraging its unique platform that combines e-commerce technology, immersive wellness environments, and digital communities [6][7] - The company is actively pursuing joint ventures to enhance its online presence and support wellness brands, including a recent partnership with LIV3 for SugarShield [9] Operational Highlights - The company achieved a gross margin of 64% in Q1 2025, consistent with the previous quarter [8] - Operating income for 2025 was CAD 170,000 compared to an operating loss of CAD 278,000 in 2024, driven by lower operating expenses [8] - As of June 30, 2025, the cash balance was CAD 196,000, indicating a strengthened financial position [8]