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]

VANCOUVER, BC, July 29, 2025 /PRNewswire/ -- JIVA Technologies Inc. (CSE: JIVA) (Frankfurt: WNT1) (OTCQB: PLTXF) ("JIVA" or the "Company") announces that it will miss its filing deadline of July 29, 2025 to file audited annual financial statements and accompanying management's discussion and analysis and related CEO and CFO certificates for the financial year ended March 31, 2025 (collectively, the "Annual Filings"), as required under applicable Canadian securities laws.In connection with the Company's inab ...