WDSP World Scan Project, Inc.

Overview and Growth

World Scan Project, Inc. generated $25.21M of revenue in fiscal 2024, with net loss of $768.43K and an operating cash outflow of $16.86M. The $25.21M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Diluted earnings per share were -$0.04, translating the period’s attributable earnings into the amount reported for each diluted share. The diluted weighted-average share count was 21.22M, linking total earnings with the per-share result received by shareholders. Compared with 20.70M diluted shares in fiscal 2023, the current 21.22M base was 2.5% higher. At period end, total assets were $27.41M, framing the scale of the company’s operating and financing commitments. The revenue-to-assets relationship was 0.92x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

After reported cost of revenue, the company retained $7.61M as gross profit before recognizing operating expenses and other items. Gross margin was 30.2%, so that share of each revenue unit remained after the cost of revenue reported for the period. The bottom-line result was a net loss of $768.43K after operating, financing, tax, and other recognized items. Measured against revenue, the bottom-line deficit represented 3.0% after all recognized items. The company recognized $2.50K of income tax for the period, completing the transition from pretax income to net income. The loss-to-equity relationship was 4.6%, placing the bottom-line deficit against shareholder capital. Relative to total assets, the net loss represented 2.8%. The net loss narrowed to $768.43K from $3.42M in fiscal 2023.

Liquidity and Capital Structure

At period end, the $27.41M asset base was financed through $10.83M of liabilities and $16.58M of equity. Current assets were $24.39M against $10.36M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. Current assets covered current liabilities by 2.35x, leaving a positive buffer for near-term obligations. Cash and equivalents totaled $1.63M, identifying the most liquid reported component available within the broader current-asset balance. Cash and equivalents represented 15.8% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Book equity represented 60.5% of total assets, quantifying the balance-sheet share supported by shareholder capital. Liabilities represented 39.5% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 6.0%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 95.2% from $14.04M in fiscal 2023, leaving current total assets higher year over year. Against $8.72M of equity in fiscal 2023, the current book-equity balance moved 90.3% and ended higher. Compared with $5.70M in fiscal 2023, the current cash balance moved 71.3% and finished lower.

Cash Flow and Earnings Quality

Operating activities used $16.86M of cash, resulting in an operating cash outflow for the year. Compared with a $170.46K operating cash outflow in fiscal 2023, the current outflow increased to $16.86M.

Based on the annual report for the fiscal year ending Oct 31, 2024. Analysis generated Oct 21, 2026.