Caro Holdings Inc.

Going-concern micro-cap with negligible revenue, deep losses and a severe working-capital deficiency.

Strengths

• Negligible — small revenue uptick to ~$36K

Risks

• Going-concern qualification; net loss $693K, deeply negative margins, current ratio 0.16 (8th pct)
• Working-capital deficiency of $1.34M funded by convertible notes; dependent on raising capital

Notable findings

• Going concernThe report of our auditors on our audited financial statements for the fiscal year ended March 31, 2025, contains a going concern qualification as we have suffered losses since our inception
• No interest coverageInterest coverage -1.24 (cannot cover interest)
• Exec changeRecent 8-K item 5.02 8-K ↗
• Net lossNet loss (net margin -1908.0%)
• Weak liquidityCurrent ratio 0.16 (<1)
• Buying back stockNet buyback — share count -8%/yr over 1y