NEWS ER
Ault Alliance Reports Second Quarter 2024 Financial Results, Including Revenue of $76 Million for the Six Months Ended June 30, 2024
Positive
Revenue of $76.3 million for the six months ended June 30, 2024
Revenue of $76.3 million for the six months ended June 30, 2024
27% increase in digital assets mining revenue to $19.9 million
23% growth in hotel and real estate revenue to $8.1 million
47% sales increase in Enertec Systems (defense segment)
54% growth in TurnOnGreen's EV charging sales
$17 million reduction in G&A expenses
59% decrease in interest expenses
Negative
$6 million reduction in total sales due to deconsolidation of The Singing Machine, Inc.
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