other material
confidence high
sentiment negative
materiality 0.75
Polomar Health posts $1.3M net loss on $58.8K revenue; CFO resigns, 10-K delayed
Polomar Health Services, Inc.
- Terrence Tierney resigned as Treasurer and interim CFO; Charlie Lin appointed CFO and Treasurer at $130K salary.
- Revenue for FY 2024 was $58,824 (nil in 2023); net loss widened to $1,305,962 from $416,500.
- Operating expenses rose to $1,295,027 from $269,830, mainly legal/accounting fees of $189,675 and payroll $380,476.
- Company unable to timely file 10-K for FY 2024; expects to file by April 30, 2025; reverse merger with Polomar completed Sept 30, 2024.