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Balincan USA, Inc. - BCNN STOCK NEWS

Welcome to our dedicated page for Balincan USA news (Ticker: BCNN), a resource for investors and traders seeking the latest updates and insights on Balincan USA stock.

Balincan USA, Inc. (BCNN) operates a premium e-commerce platform serving China's beauty market through innovative digital channels including WeChat, mobile apps, and video content. This page aggregates official company announcements and verified financial updates for stakeholders tracking its unique 'Promotion Trio' marketing strategy.

Investors and analysts will find timely updates on earnings reports, strategic partnerships, and operational developments in China's competitive beauty sector. The curated news collection includes product launches, platform enhancements, and market expansion initiatives targeting affluent female consumers.

All content is sourced directly from company filings and authorized communications to ensure accuracy. Bookmark this page for convenient access to Balincan USA's latest financial disclosures and corporate announcements as they develop in the dynamic Chinese e-commerce landscape.

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Balincan USA Inc. (TKMO) and Tekumo have achieved record progress in Q4, 2023, with $850K revenue in the first two months, representing 516% growth over the same period last year. The company also reported positive net ordinary income for the period. Balincan has filed for a name and symbol change to Tekumo, Inc., TKMO, and is seeking FINRA approval. They have also filed a Regulation 1-A offering statement with the SEC for follow on financing to fund their continued growth.
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Balincan USA Inc. (Balincan) (Ticker: BALN) and Tekumo announced its financial results for the third quarter, reporting a record 194% increase in revenue to $846K. The first half of Q4 continues to grow at 70+% over Q3, with an annualized revenue run rate exceeding $5 million. The company also reached an agreement with convertible noteholders to exchange outstanding debt and accrued interest for common shares. Additionally, the Company's valuation of Derivative Liabilities related to the Series A and B Preferred Stock and the convertible notes resulted in a reduction of total derivative liability from $9.43 million to $4.92 million, representing an increase in net other income of $4.51 million since their merger in June 2022.
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Balincan USA Inc. and Tekumo announce preliminary results for Q3 2023, with revenue increasing 194% over Q2 to $857K.
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Balincan USA Inc. and Tekumo report 85% revenue increase in Q3 2023, expecting revenue to exceed $6 million in next 12 months.
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Balincan USA Inc. and Tekumo reported a 70.6% increase in revenue for the second quarter compared to the first quarter. Work orders have been growing at approximately 45% monthly since March. The company expects to generate revenue exceeding $6 million in the next 12 months, approaching cash flow breakeven.
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Balincan USA Inc. (OTC: BCNN) announced the hiring of three new engineers to enhance product development, following strong product demos and partnerships. This initiative aims to expand their core offerings, which include TekumoSMART, TekumoIQ, and TekumoPRO, focusing on the Industrial IoT sector. Each product caters to various verticals, providing solutions like real-time data integration and smart device management. The company, headquartered in Colorado Springs, is transitioning to Tekumo, Inc. pending FINRA approval. Forward-looking statements highlight potential risks and uncertainties affecting future business operations.

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Balincan USA, Inc.

OTC:BCNN

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195.28k
117.76M
Software - Application
Technology
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United States
Colorado Springs