Caro Holdings Inc reported a markedly negative Q4 2024, consistent with a shell-company profile and outsized financing costs. Revenue for the quarter was reported at 56 USD with a cost of revenue of 9,214 USD, yielding a gross loss of 9,158 USD and a gross margin of -163.54%. The operating framework shows an EBITDA of -51,193 USD and an operating loss of -53,497 USD, driven by elevated general and administrative expenses totaling 42,499 USD and substantial interest expense of 44,003 USD. Net income stood at -95,521 USD with an EPS of -0.0026. Cash flow was negative from operating activities (-32,610 USD) but financing activities generated +50,500 USD, resulting in a net cash increase of 18,291 USD for the period and a cash balance of 20,794 USD at quarter-end.
From a balance-sheet perspective, total assets were 482,502 USD while total liabilities reached 947,035 USD, producing a negative shareholders’ equity of -464,533 USD. The company carries a significant intangible asset base (248,786 USD) and a sizable outstanding debt load (764,232 USD) contributing to a net debt position of 743,438 USD. Liquidity metrics are weak, with a current ratio of 0.25 and a quick ratio around 0.30, underscoring material liquidity risk absent a near-term cash generation runway.
Overall, the QQ4 2024 results underscore a high-risk, leveraged, loss-making profile with limited near-term visibility for meaningful top-line recovery. Absent a credible plan to monetize assets, deleverage, or materially restructure the business model, the investment case remains highly speculative and focused on potential strategic pivots or balance-sheet repair initiatives.