Longduoduo Co Ltd (LDDD) Form 10-Q — May 12, 2026
Longduoduo Company Limited reported a significant deterioration in financial performance for the nine months ended March 31, 2026, swinging from a net income of $325,775 in the prior year to a net loss of $575,434. Total revenue plummeted 64% year-over-year to $1.19 million, driven by a 76% decline in commission revenue as the company cited a weak economic environment and cautious consumer spending in China. Management disclosed material weaknesses in internal controls over financial reporting, noting the small accounting staff lacks expertise in U.S. GAAP and the CFO is unfamiliar with public company reporting requirements.
Key figures
- Revenue
- 1191421
- Total Debt
- 0
- Revenue Yoy
- -64%
- Cash Position
- 1224881
- Shares outstanding
- 30015036
- Reverse split ratio
- 1-for-10
Price after filing
Close on the filing date to close N calendar days later (from $0.51). Historical, not a forecast.
AI analysis
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