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10-Q: Q1 2024 Earnings Report

10-Q: Q1 2024 Earnings Report

10-Q:2024财年一季报
美股SEC公告 ·  05/15 17:22

Moomoo AI 已提取核心信息

Jet.AI Inc. reported a significant increase in revenues for the first quarter of 2024, totaling $3.8 million, compared to $1.9 million in the same period of 2023. This growth was primarily driven by a rise in Software App and Management and Other Services revenues. Despite the revenue growth, the company experienced a gross loss of $124,356 due to increased subcharter costs. Operating expenses also rose, with sales and marketing expenses increasing to $446,600, mainly due to the introduction of CharterGPT and DynoFlight. The company's operating loss widened to approximately $3.1 million, an increase of about $0.4 million from the previous year. Other expenses amounted to $79,253, largely from interest expense related to the Bridge Agreement. Jet.AI Inc. has been actively managing its capital, with recent activities...Show More
Jet.AI Inc. reported a significant increase in revenues for the first quarter of 2024, totaling $3.8 million, compared to $1.9 million in the same period of 2023. This growth was primarily driven by a rise in Software App and Management and Other Services revenues. Despite the revenue growth, the company experienced a gross loss of $124,356 due to increased subcharter costs. Operating expenses also rose, with sales and marketing expenses increasing to $446,600, mainly due to the introduction of CharterGPT and DynoFlight. The company's operating loss widened to approximately $3.1 million, an increase of about $0.4 million from the previous year. Other expenses amounted to $79,253, largely from interest expense related to the Bridge Agreement. Jet.AI Inc. has been actively managing its capital, with recent activities including a private placement with Ionic Ventures, LLC, generating $1.5 million in gross proceeds, and the exercise of warrants contributing to financing activities. The company's cash and equivalents stood at $595,555 as of March 31, 2024, including $500,000 of restricted cash. Looking forward, Jet.AI Inc. plans to fund operations through revenue generation, drawdowns under the Share Purchase Agreement, and proceeds from other financing arrangements, while also prepared to reduce cash burn if necessary to preserve capital.
Jet.AI公司报告2024年第一季度营业收入显著增长,达到380万美元,而2023年同期为190万美元。这种增长主要是由于软件应用和管理以及其他服务收入的增长所推动的。尽管营业收入增长,但由于租赁成本增加,公司经历了124,356美元的毛亏损。营业费用也上升了,销售和营销费用增加到446,600美元,主要是由于推出了CharterGPt和DynoFlight。公司的营业亏损扩大到大约310万美元,比去年增加约40万美元。其他支出为79,253美元,主要来自桥梁协议相关的利息支出。Jet.AI公司一直在积极管理其资本,最近的活动包括与Ionic Ventures LLC的私募股份定向增发,获得...展开全部
Jet.AI公司报告2024年第一季度营业收入显著增长,达到380万美元,而2023年同期为190万美元。这种增长主要是由于软件应用和管理以及其他服务收入的增长所推动的。尽管营业收入增长,但由于租赁成本增加,公司经历了124,356美元的毛亏损。营业费用也上升了,销售和营销费用增加到446,600美元,主要是由于推出了CharterGPt和DynoFlight。公司的营业亏损扩大到大约310万美元,比去年增加约40万美元。其他支出为79,253美元,主要来自桥梁协议相关的利息支出。Jet.AI公司一直在积极管理其资本,最近的活动包括与Ionic Ventures LLC的私募股份定向增发,获得了150万美元的募集总收益,行使认购权有助于融资活动。截至2024年3月31日,该公司的现金及等价物为595,555美元,其中500,000美元为限制性现金。展望未来,Jet.AI公司计划通过收入创造、按股份购买协议下提取现金和其他融资安排的募集总收益来资助其运营,同时也准备在必要时减少现金流失以保护资本。
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