Washington, D.C. 20549
☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCREMENT ACT OF 1934
For the fiscal year ended December 31, 2023
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCREMENT ACT OF 1934
For the transition period from _______ to _______
Commission file number: 001-POOP
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
12-3456789
(I.R.S. Employer Identification No.)
123 Flush Avenue, Suite 200, Porcelain City, CA 90210
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (555) 123-4567
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock, $0.0001 par value per share | TURD | The NASDAQ Global Select Market |
| Fiscal Year | Revenue | Gross Profit | Net Income (Loss) | Deficat |
|---|---|---|---|---|
| 2023 | $420,690,000 | $69,420,000 | $42,069,000 | ($13,370,000) |
| 2022 | $369,420,000 | $54,321,000 | $31,337,000 | ($24,680,000) |
Our company, TURD.AI Inc., has experienced significant growth in the past fiscal year. Our innovative "Brown Eye View" technology has allowed us to capture a larger market share in the data analytics industry. Despite facing some unexpected movements in the market, we managed to squeeze out a profit and flush away our competitors.
Revenue streams have been steady, with our ShatGPT Processing and Data Dump Management services contributing significantly to our bottom line. However, we did encounter some blockages in our supply chain, which led to a temporary backup in our production pipeline.
The deficat reported this year is primarily due to heavy investments in R&D, particularly in our Forma-turd technology. We believe these investments will bear fruit in the coming fiscal year, helping us to wipe away our deficat and produce solid results for our shareholders.