NaturalShrimp Reports $6.6M Loss on $163K Revenue, Details Asset Transfer in Receivership
Summary
NaturalShrimp Inc. reported dire financial results for the nine months ended December 31, 2024, with revenue of only $163,492 and a net loss of $6.65 million, leading to an EPS of $(0.01). This follows previous announcements of a significant corporate restructuring and the acquisition of Hydrenesis intellectual property. The report further reveals that the majority of production assets were transferred in receivership, indicating severe financial distress and a complete operational restart focused on licensed technology. These results and the asset transfer highlight a fundamental and distressed pivot for the micro-cap company.
At the time of this announcement, SHMP was trading at $0.00 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $127.8K. The 52-week trading range was $0.00 to $0.00. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Wiseek News.