Sector: Consumer Cyclicals | Industry: Other Specialty Retailers |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 5200 Tennyson Pkwy #400 PLANO TX 75024 |
Tel: | N/A |
Website: | https://www.shrginc.com |
IR: | See website |
Key People | ||
Heng Fai Chan Executive Chairman of the Board | John Thatch President, Chief Executive Officer, Vice Chairman of the Board | Anthony S. Chan Chief Financial Officer, Corporate Secretary |
Business Overview |
Sharing Services Global Corporation is engaged in developing or investing in emerging businesses and technologies. The Company operates through two segments: sale of health and wellness products, and sale of member-based travel services through an independent sales force. Its health and wellness products include Elevate MAX Happy Coffee, XanthoMax Happy Caps, KetoCr Keto Creamer, Elevate ZEST Happy + Lemonade, ElevaciTea Georgia Peach and ElevaciTea Vanilla Chai. Its Skincare Products include Age-Defying Intensive Repair Serum and Ultimate Revitalizing Cream. The Company markets and distributes its health and wellness products primarily in North America using a direct selling business model. In addition, the Company delivers its member-based travel services primarily in the United States using a direct selling business model. It markets its health and wellness products through its websites: www.thehappyco.com; and its subscription-based travel services using www.mytravelventures.com. |
Financial Overview |
For the nine months ended 31 December 2023, Sharing Services Global Corp revenues decreased 36% to $8.2M. Net loss decreased 84% to $4.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Unrealized loss on investment decrease of 99% to $79K (expense), General and administrative expenses decrease of 54% to $6.3M (expense). |
Employees: | 43 as of Mar 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1.10M as of Dec 31, 2023 |
Annual revenue (TTM): | $11.54M as of Dec 31, 2023 |
EBITDA (TTM): | -$5.89M as of Dec 31, 2023 |
Net annual income (TTM): | -$11.70M as of Dec 31, 2023 |
Free cash flow (TTM): | -$3.40M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $0.46M as of Dec 31, 2023 |
Shares outstanding: | 376,328,885 as of Feb 13, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |