Mr. Dean Bethune reports
DARELLE ANNOUNCES FINANCIAL RESULTS
Darelle Online Solutions Inc. has released its interim financial and operational results
for the nine-month period ended May 31, 2025.
The full text of Darelle's second quarter financial results is contained in its unaudited
condensed interim consolidated financial statements for the nine-month period ended
May 31, 2025, and the related management discussion and analysis, copies of which
are available electronically on Darelle's profile on SEDAR+.
Quarterly financial results
The company generated revenue of $36,947 during the period, compared with
$55,450 during the same nine-month period in 2024. Revenue comprises a
set-up fee and a flat administration fee (processing fees) per raffle ticket sold
by organizations. The company realized set-up fees of $4,500 with the remaining
revenue ($32,447) in processing fees. Processing fees are recognized once the
raffle draw is complete and/or the organization has sold all available tickets.
The company reported a comprehensive loss of $132,944 (loss of five cents per share)
during the nine-month period ended May 31, 2025, compared with a comprehensive
loss of $99,795 ( loss of four cents per share) during the same nine-month period in the
2024 fiscal year.
Operational update
The company continues to look at opportunities to expand the geographical scope of
the Darelle.com platform. In addition, the company is focused on the development of
platform enhancements, including the development of a chase-the-ace platform, which
will integrate with the existing 50/50 raffle platform while introducing a separate
progressive jackpot component.
The chase-the-ace platform will operate in conjunction with or as an add-on to the
existing 50/50 raffle system once development is complete and all regulatory
requirements have been met. The launch will be dependent upon the company
securing a strategic partner and/or equity financing.
About Darelle Online Solutions Inc.
Darelle Online Solutions is a British Columbia corporation with its head office in
Vancouver, B.C. Darelle.com is an on-line marketplace that has
developed a platform in which charitable and non-profit organizations can create, sell,
deliver and manage their raffle ticket and 50/50 draws completely on-line. The company
is listed on the TSX Venture Exchange as a Tier 2 technology issuer. The company
has a total of 2,456,939 common shares issued and outstanding.
We seek Safe Harbor.
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