Jaguar8 commented on a stock · Nov 14, 2024 20:06

NEWS ER

Positive
Revenue grew 325% quarter-over-quarter to $2.0 million

Net loss improved from $10.4 million in Q3 2023 to $7.1 million in Q3 2024

Adjusted EBITDA loss improved by $1.0 million year-over-year

Stockholders' equity of $5.8 million exceeds Nasdaq requirement

Q4 2024 guidance projects revenue growth to $2.4 million

Negative
Net loss of $7.1 million in Q3 2024

Negative adjusted EBITDA of $2.3 million

Low cash position of $2.3 million

Required recent capital raise to improve balance sheet

Recent reverse stock split implementation

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