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10-Q: Quarterly report

10-Q: Quarterly report

10-Q:季度报表
美股sec公告 ·  05/20 17:32
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Lottery.com, a leading provider of domestic and international lottery products and services, has faced significant challenges in the first quarter of 2024. The company's financial performance has been impacted by legacy issues, including non-compliance with state and federal laws concerning lottery ticket procurement and order fulfillment. These issues led to the furloughing of the majority of employees and suspension of lottery game sales operations in July 2022. Despite these setbacks, Lottery.com has made strides in regaining compliance with Nasdaq's continued listing rules and has begun restarting operations with a focus on technology, product, and service enhancements. The company's future plans include resuming core lottery and gaming operations, monetizing the Sports.com brand, and expanding globally, supported...Show More
Lottery.com, a leading provider of domestic and international lottery products and services, has faced significant challenges in the first quarter of 2024. The company's financial performance has been impacted by legacy issues, including non-compliance with state and federal laws concerning lottery ticket procurement and order fulfillment. These issues led to the furloughing of the majority of employees and suspension of lottery game sales operations in July 2022. Despite these setbacks, Lottery.com has made strides in regaining compliance with Nasdaq's continued listing rules and has begun restarting operations with a focus on technology, product, and service enhancements. The company's future plans include resuming core lottery and gaming operations, monetizing the Sports.com brand, and expanding globally, supported by investment commitments from United Investments Capital London, Univest Securities LLC, and Prosperity Investment Management. However, the company's financial condition remains precarious, with an accumulated deficit of approximately $241 million and working capital of approximately negative $8.2 million as of March 31, 2024. The company's ability to continue as a going concern is dependent on its ability to execute its business plan and secure additional capital.
Lottery.com是国内和国际彩票产品和服务的领先提供商,在2024年第一季度面临重大挑战。该公司的财务业绩受到遗留问题的影响,包括不遵守有关彩票采购和订单履行的州和联邦法律。这些问题导致大多数员工在2022年7月休假,彩票游戏销售业务暂停。尽管遇到了这些挫折,但Lottery.com在恢复遵守纳斯达克持续上市规则方面取得了长足的进步,并已开始重启运营,重点是技术、产品和服务改进。该公司的未来计划包括在伦敦联合投资资本、Univest Securities LLC和繁荣投资管理公司的投资承诺的支持下,恢复核心彩票和博彩业务,通过Sports.com品牌获利以及向全球扩张。但是,该公司的财务状况仍然不稳定,截至2024年3月31日,累计赤字约为2.41亿美元,营运资金约为负820万美元。该公司继续经营的能力取决于其执行业务计划和获得额外资本的能力。
Lottery.com是国内和国际彩票产品和服务的领先提供商,在2024年第一季度面临重大挑战。该公司的财务业绩受到遗留问题的影响,包括不遵守有关彩票采购和订单履行的州和联邦法律。这些问题导致大多数员工在2022年7月休假,彩票游戏销售业务暂停。尽管遇到了这些挫折,但Lottery.com在恢复遵守纳斯达克持续上市规则方面取得了长足的进步,并已开始重启运营,重点是技术、产品和服务改进。该公司的未来计划包括在伦敦联合投资资本、Univest Securities LLC和繁荣投资管理公司的投资承诺的支持下,恢复核心彩票和博彩业务,通过Sports.com品牌获利以及向全球扩张。但是,该公司的财务状况仍然不稳定,截至2024年3月31日,累计赤字约为2.41亿美元,营运资金约为负820万美元。该公司继续经营的能力取决于其执行业务计划和获得额外资本的能力。
声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息