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Sharing Services Global Corp (PK:SHRG)

Business Focus: Software

Sector:  Technology Industry:  Software
See Regulatory Filings on SEC
Company Contact
Address: 5200 Tennyson Pkwy #400
PLANO TX 75024
Tel: N/A
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
Business Overview
Sharing Services Global Corporation is engaged in developing or investing in emerging businesses and technologies. The Company operates through two segments: the sale of health and wellness products through an independent sales force, and the sale of other products and services, including third-party skincare products and services sold on a subscription basis. The Company's health and wellness product line consists of Nootropics, natural products aimed at improving the health and happiness of its customers and distributors. Its health and wellness products include Elevate MAX Happy Coffee, XanthoMax Happy Caps, Elevate NITRO Bold Coffee, Elevate Smart Coffee, KetoCre Keto Creamer, Choclevate Happy Chocolate, Elevate ZEST Happy + Lemonade, ElevaciTea Georgia Peach, ElevaciTea Vanilla Chai, Fit & Happy Shake, All-in-One Happy Shake, Optimal Probiotic 8, and Extreme Energy Patch. Its skincare products include Age-Defying Intensive Repair Serum and Ultimate Revitalizing Cream.
Financial Overview
For the nine months ended 31 December 2022, Sharing Services Global Corp revenues decreased 55% to $12.7M. Net loss increased from $13.2M to $30.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Unrealized gain (loss) on investment decrease from $3.3M (income) to $10.3M (expense), Gain on employee warrants liability decrease of 89% to $207K (income).