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JOCOM HOLDINGS CORP.

CIK: 19074252 Annual ReportsLatest: 2025-05-05

10-K / May 5, 2025

Revenue:$24,000
Income:$68,519

10-K / April 8, 2024

Revenue:$24,000
Income:-$156,891

10-K / May 5, 2025

Company Summary: Jocom Holdings Corp.

Business Overview

  • Type of Business:
    • Provides data analytic services related to customer behavior and predictive analysis.
    • Operates advanced proprietary software, JOCOM AI Smart Platform, for analyzing buying patterns, predicting customer behavior, and optimizing product placement in retail and grocery sectors.
    • Future plans include expanding into logistics (through logistic prediction algorithms) and mobile commerce platforms focused on online grocery and retail.

Key Operations

  • Main Activities:
    • Data analytics for online grocery market, focusing on customer purchase patterns in Malaysia.
    • Subscription-based web software for retail and e-commerce businesses.
    • Software development of logistic algorithms to improve delivery efficiency, including real-time routes, cross-border logistics, and integration with third-party logistics providers like DHL and FedEx.
    • Developing a mobile commerce platform aimed at connecting rural producers and vendors directly with consumers, especially in Southeast Asia.

Customers

  • Current Clients:
    • Only one client, which is also a related party (Jocom Mshopping Sdn Bhd), an online grocery platform operator in Malaysia.
    • Revenue from this client: $24,000 annually, generated from data analytic services.
  • Future Goals:
    • Expand services to additional customers across Southeast Asia and other online retail and grocery markets.

Employees & Management

  • Total Employees:
    • 2 full-time employees as of December 31, 2024:
      • Mr. Sew Wen Chean (CEO, Director, Software Developer)
      • Ms. Chua Hwee Ping (CFO, President, Secretary, Treasurer, Director)
  • Key Personnel:
    • Mr. Sew has over 20 years of experience in IT, software development, and digital signage.
    • Ms. Chua has 20 years of experience in business, capital markets, and financial management.

Revenue & Financials

  • Revenue (2024):
    • $24,000 from data analytic services to the sole client.
  • Income:
    • Net profit for 2024: $68,519
    • Net loss for 2023: $156,891
    • Major components of other income in 2024 included:
      • $51,301 from foreign currency variations
      • $80,373 from reversal of doubtful debts
  • Expenses:
    • General and administrative expenses:
      • $87,155 in 2024
      • $217,123 in 2023
  • Financial Position:
    • As of December 31, 2024:
      • Cash and cash equivalents: $2,481 (up from $134 in 2023)
      • Total assets: $5,790
      • Total liabilities: $76,833
      • Stockholders’ equity: $(68,561) (capital deficiency)

Additional Details

  • Software & Patents:
    • Proprietary software JOCOM AI Smart Platform, patented in Malaysia (Patent No. LY2021W02673).
    • The platform analyzes customer data and behaviors for grocery retail in Malaysia.
  • Market & Position:
    • Quoted on OTC Markets (symbol: JOCM).
    • No established public trading market yet.
    • Focuses on online grocery and logistics, with plans to expand into mobile commerce targeting Asian markets and cross-border trade.
  • Operations:
    • Operate from Kuala Lumpur, Malaysia.
    • Office lease from Ms. Chua Hwee Ping.
    • Limited staff and minimal operational expenses as of December 31, 2024.

Summary

Jocom Holdings Corp. is an early-stage company focusing on data analytics for the Southeast Asian grocery and retail sectors. It develops proprietary AI and logistic software solutions, with a current primary revenue stream from a single related client. It has a small team, minimal current profit, and substantial capital challenges, but aims to expand its software offerings and customer base in the region.