Livento Group, Inc. SEC 10-Q Report

Livento Group, Inc., a company specializing in software services and management solutions, has released its Form 10-Q report for the third quarter. The report provides a detailed overview of the company's financial performance and operational highlights, reflecting both challenges and opportunities in its business model.

Financial Highlights

Revenues: $312,657, reflecting stable income from software fees and management services in the USA and Europe.

Gross Profit: -$481,147, indicating a negative gross profit due to higher costs of goods sold.

Net Ordinary Income: -$677,540, showing a decrease compared to the previous year, primarily due to increased expenses.

Net Loss: -$677,540, compared to a profit of $555,572 in the previous year, impacted by the absence of other income.

Net Loss Per Share - Basic and Diluted: Not explicitly stated in the report.

Business Highlights

Revenue Segments: The company generated revenue from sales of its Elisee software and management services to Global Dot Logistics, Inc. in both the USA and Europe markets. Additionally, there was significant income from movie projects entering the production phase.

Geographical Performance: The company reported stable income from its software services in the USA and Europe, indicating consistent demand across these regions.

Cost of Revenues: The cost of goods sold included significant expenses related to the amortization of intangible assets and professional fees, reflecting the company's investment in maintaining and enhancing its service offerings.

Advertising and Promotion: There was an increase in advertising and promotion expenses, primarily due to new online marketing campaigns aimed at promoting the company's products and brand.

Selling, General and Administrative Expenses: The company experienced a decrease in selling, general, and administrative expenses due to the re-allocation of Livento services to specific cost centers, optimizing operational efficiency.

Future Outlook: The company anticipates continued revenue generation from its Elisee software and movie projects, with expectations of increased income as new versions of the software are offered to more clients.

SEC Filing: Livento Group, Inc. [ NUGN ] - 10-Q - May. 20, 2025