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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. operates an e-commerce platform selling beauty products to affluent female consumers in China using WeChat, apps, and videos. Formerly known as Moqizone Holding Corp., the company is based in Hong Kong.

They focus on the 'Promotion Trio' strategy involving WeChat, apps, and videos to target smartphone users. Balincan USA, Inc. aims to cater to the beauty needs of discerning female customers in the Chinese market.

The company's name change to Balincan USA, Inc. in 2015 reflects its primary business focus and commitment to the evolving e-commerce sector. With a dedicated approach to innovative marketing strategies, Balincan USA, Inc. is a key player in the competitive e-commerce landscape.

News

BCNN TEKUMO ANNOUNCES RECORD Q4 PROGRESS REPORT

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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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BCNN TEKUMO ANNOUNCES RECORD GROWTH & BREAKEVEN IN Q3 RESULTS

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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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BCNN TEKUMO ANNOUNCES Q3 PRELIMINARY RESULTS

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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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BCNN TEKUMO ANNOUNCES Q3 PROGRESS REPORT

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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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BCNN Tekumo Announces Q2 Results and Outlook

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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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Management Discussion and Analysis – Outlook 2023

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TEKUMO ANNOUNCES STRATEGIC PARTNERSHIP WITH LEADING IT MANAGED SERVICES PROVIDER

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TEKUMO ANNOUNCES STRATEGIC PARTNERSHIP WITH INDUSTRY LEADING SMART HOME PROVIDER

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Letter to Shareholders

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Tekumo Adding Three Development Team Leads for Core Product Offering

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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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FAQ

What is the market cap of Balincan USA (BCNN)?

The market cap of Balincan USA (BCNN) is approximately 195.3K.

What does Balincan USA, Inc. do?

Balincan USA, Inc. operates an e-commerce platform selling beauty products to affluent female consumers in China using WeChat, apps, and videos.

What was the previous name of Balincan USA, Inc.?

The company was formerly known as Moqizone Holding Corp.

Where is Balincan USA, Inc. based?

Balincan USA, Inc. is based in Hong Kong.

What is the 'Promotion Trio' strategy of Balincan USA, Inc.?

The 'Promotion Trio' strategy involves utilizing WeChat, apps, and videos to reach smartphone users.

When did the company change its name to Balincan USA, Inc.?

The name change to Balincan USA, Inc. took place in August 2015.

What is the primary market focus of Balincan USA, Inc.?

The company aims to cater to the beauty needs of discerning female customers in the Chinese market.

How does Balincan USA, Inc. differentiate its marketing strategies?

Balincan USA, Inc. focuses on innovative approaches to marketing to stand out in the competitive e-commerce landscape.

What are the core values of Balincan USA, Inc.?

The company values customer satisfaction, quality products, and adaptability to market trends.

Who can benefit from the products offered by Balincan USA, Inc.?

Affluent female consumers looking for quality beauty products in China are the target audience of Balincan USA, Inc.

How can investors get in touch with Balincan USA, Inc.?

Investors can contact Phillip Dignan, the President and CFO, at 719-419-6709 or via email at investors@balincanusa.com.

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Balincan USA, Inc.

OTC:BCNN

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BCNN Stock Data

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