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Sharing Services Global Corp (PK:SHRG)

Business Focus: Health Food Stores

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).