earnings
confidence medium
sentiment negative
materiality 0.60
Santo Mining posts $1.16M net loss for FY2023; cash drops to $93
GROOVY COMPANY, INC.
- Revenue was $0 for the year ended December 31, 2023, same as prior year.
- Net loss of $1,163,901 in 2023 vs. net income of $15,196 in 2022.
- Cash and cash equivalents fell to $93 from $26,842 at end of 2022.
- Total liabilities of $4.39M exceed total assets of $282K; accumulated deficit $7.42M.
- Company pivoted to blockchain/cannabis platform (Groovy) with no revenue from new operations yet.