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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 ·  05/20 16:07
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African Agriculture, a company focused on commercial farming and carbon offset production, reported financial results for the quarter ended March 31, 2024. Revenue for the quarter was $344,913, a decrease from the previous year's $415,190, attributed to higher costs and lower yields. Cost of goods sold increased to $316,928, resulting in a gross profit of $27,985. General and administrative expenses rose to $12,644,128, primarily due to $10.7 million in share-based compensation costs. The company reported a net loss of $12,663,598, widening from the prior year's loss of $9,603,752. The company's cash position was $67,183, with a working capital deficit of $24.3 million. African Agriculture's expansion plans are contingent on raising additional capital, and management has expressed substantial doubt about the company's ability to continue as a going concern without securing further financing. The company's future plans include expanding alfalfa production, developing aquaculture and carbon credit programs, and potentially acquiring additional farmland in Africa.
African Agriculture, a company focused on commercial farming and carbon offset production, reported financial results for the quarter ended March 31, 2024. Revenue for the quarter was $344,913, a decrease from the previous year's $415,190, attributed to higher costs and lower yields. Cost of goods sold increased to $316,928, resulting in a gross profit of $27,985. General and administrative expenses rose to $12,644,128, primarily due to $10.7 million in share-based compensation costs. The company reported a net loss of $12,663,598, widening from the prior year's loss of $9,603,752. The company's cash position was $67,183, with a working capital deficit of $24.3 million. African Agriculture's expansion plans are contingent on raising additional capital, and management has expressed substantial doubt about the company's ability to continue as a going concern without securing further financing. The company's future plans include expanding alfalfa production, developing aquaculture and carbon credit programs, and potentially acquiring additional farmland in Africa.
专注商业养殖和碳抵消产业的非洲农业公司公布了截至2024年3月31日的财务报告。本季度收益为344,913美元，低于去年的415,190美元，这归因于更高的成本和更低的产量。货物销售成本增加至316,928美元，导致毛利润为27,985美元。总行政费用上升至12,644,128美元，主要是由于1070万美元的股份补偿成本。该公司报告净亏损12,663,598美元，较上年的亏损9,603,752美元有所扩大。该公司现金余额为67,183美元，运营资本亏损为2430万美元。非洲农业公司的扩张计划取决于筹集额外的资本，管理层对于在没有获得进一步融资的情况下继续作为一项持续业务表示极大的怀疑。该公司未来的计划包括扩大紫花苜蓿生产、开发水产养殖和碳信用计划，并有可能在非洲收购更多土地。
专注商业养殖和碳抵消产业的非洲农业公司公布了截至2024年3月31日的财务报告。本季度收益为344,913美元，低于去年的415,190美元，这归因于更高的成本和更低的产量。货物销售成本增加至316,928美元，导致毛利润为27,985美元。总行政费用上升至12,644,128美元，主要是由于1070万美元的股份补偿成本。该公司报告净亏损12,663,598美元，较上年的亏损9,603,752美元有所扩大。该公司现金余额为67,183美元，运营资本亏损为2430万美元。非洲农业公司的扩张计划取决于筹集额外的资本，管理层对于在没有获得进一步融资的情况下继续作为一项持续业务表示极大的怀疑。该公司未来的计划包括扩大紫花苜蓿生产、开发水产养殖和碳信用计划，并有可能在非洲收购更多土地。
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