Garden Stage Limited (GSL), operating under the ticker GSIW on Nasdaq, reported its unaudited financial results for the first half of fiscal year 2024, ending September 30, 2023. The company, an offshore holding entity based in the Cayman Islands with operations in Hong Kong, experienced a 36.39% decrease in revenues, dropping from $1,180,102 in the previous year to $750,626. This decline was largely due to reduced brokerage commissions and underwriting income, among other factors. Expenses saw a 14.47% decrease, primarily from reduced compensation and benefits and professional fees. However, the company's net loss widened by 33.61%, from $562,582 to $751,660, and loss per share increased from $0.05 to $0.06. The company also noted a significant decrease in net cash provided by operating activities, from $3,985,064 to $203,660. On December 1, 2023, GSL successfully closed its IPO, issuing 2,500,000 ordinary shares at $4.00 per share. The company's forward-looking statements indicate an awareness of risks and uncertainties in financial conditions and operations.

Garden Stage Limited (GSL), operating under the ticker GSIW on Nasdaq, reported its unaudited financial results for the first half of fiscal year 2024, ending September 30, 2023. The company, an offshore holding entity based in the Cayman Islands with operations in Hong Kong, experienced a 36.39% decrease in revenues, dropping from $1,180,102 in the previous year to $750,626. This decline was largely due to reduced brokerage commissions and underwriting income, among other factors. Expenses saw a 14.47% decrease, primarily from reduced compensation and benefits and professional fees. However, the company's net loss widened by 33.61%, from $562,582 to $751,660, and loss per share increased from $0.05 to $0.06. The company also noted a significant decrease in net cash provided by operating activities, from $3,985,064 to $203,660. On December 1, 2023, GSL successfully closed its IPO, issuing 2,500,000 ordinary shares at $4.00 per share. The company's forward-looking statements indicate an awareness of risks and uncertainties in financial conditions and operations.