GHST World Inc., a company engaged in the development of wearable sports technology and clean energy initiatives, has released its Form 10-Q report for the third quarter. The report reveals significant financial challenges and outlines the company’s strategic focus on new product development and clean energy projects.
Financial Highlights
Revenues: $3,485,000, a significant decrease from $45,732,000 in the same period last year, reflecting challenges in generating consistent revenue.
Net loss: $(34,218,000), compared to $(12,717,000) in the prior year period, indicating increased losses.
Net loss per common share – Basic: $(0.00), unmodifyd from the prior year period, reflecting the impact of the net loss on shareholders.
Net loss per common share – Diluted: $(0.00), unmodifyd from the prior year period, consistent with the basic net loss per share.
Business Highlights
Smart Shin Guard Development: GHST World Inc. is focapplying on exploiting its patent for the Smart Shin Guard, a wearable device designed for sports that collects and analyzes performance data. The company plans to market this product to athletes and sports teams, with an initial focus on soccer teams both in the U.S. and internationally.
Clean Energy Initiatives: The company has entered into agreements for a new clean energy business in Italy, involving the purchase of surface rights for solar energy projects. This includes the construction of solar energy plants by Green Capital SRL, an Italian company tinquireed with raising capital for these projects.
Revenue Segments: The company derives most of its revenues from consulting services provided to the energy sector, specifically for the construction of solar energy plants. These services are contractual and involve identified performance obligations.
Operational Challenges: GHST World Inc. has faced delays in developing and monetizing the Smart Shin Guard business, which has impacted its ability to generate consistent revenue. The company is also focapplying on multiple business ventures, which may further delay its operational progress due to limited resources.
Future Outview: The company expects to generate revenue from the sale of electricity through its clean energy projects in Italy, contingent upon Green Capital’s ability to raise the necessary capital. However, there are no assurances that these efforts will result in consistent or material revenue.
Liquidity Concerns: GHST World Inc. has expressed substantial doubt about its ability to continue as a going concern due to limited capital resources. The company is reliant on raising additional capital to support its operations and achieve its business objectives.
SEC Filing: GHST World Inc. [ GHST ] – 10-Q – Nov. 14, 2025
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