NaturalShrimp Inc (PK:SHMP)
Business Focus: Aquaculture
| Sector: Consumer Non-Cyclicals | Industry: Fishing & Farming |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 13601 PRESTON RD., E1092 DALLAS TX 75240 |
| Tel: | 1-949-4918235 |
| Website: | https://naturalshrimp.com |
| IR: | See website |
| Key People | ||
| Gerald Easterling Chairman of the Board, President, Chief Executive Officer, Co-Founder | Thomas Untermeyer Co-Founder, Chief Operating Officer, Chief Technology Officer, Company Secretary, Director | William J. Delgado Chief Financial Officer, Treasurer, Director | William Steven Walker General Counsel, Secretary |
| Business Overview |
| NaturalShrimp Incorporated is a biotechnology aquaculture company. The Company has developed a commercially viable system for growing shrimp in enclosed salt-water systems using technology to produce fresh, naturally grown shrimp, without the use of antibiotics or toxic chemicals. Its systems can be located anywhere to produce gourmet-grade Pacific white shrimp. Its Vibrio Suppression technology utilizes electrocoagulation (a procedure that uses heat from an electric current to destroy abnormal tissue) to kill potential pathogens and harmful bacteria, such as vibrio. The Company's technology platforms combine electrocoagulation and Hydrogas. The electrocoagulation system replaces the need for biofilters and instead applies non-biological, electrical processes and uses electronics to remove ammonia and to control the level of pathogens in an aquaculture system. Its subsidiaries include NaturalShrimp USA Corporation, NaturalShrimp Global, Inc., and Natural Aquatic Systems, Inc. |
| Financial Overview |
| For the nine months ended 31 December 2023, NaturalShrimp Inc revenues increased 96% to $365K. Net loss applicable to common stockholders decreased 17% to $10.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Interest expense decrease of 96% to $59K (expense), Facility operations decrease of 69% to $593K (expense). |
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