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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 ·  05/28 14:11

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AERWINS Technologies Inc. reported a significant turnaround in its financial performance for the first quarter ended March 31, 2024, with a net income of $8,926,531 compared to a net loss of $7,801,544 in the same period last year. This improvement was primarily due to a gain on deconsolidation of $10,014,482 following the voluntary bankruptcy filing of its subsidiary A.L.I. Technologies Inc. in December 2023. Operating expenses decreased by 82.6% to $620,380, down from $3,574,882 in the previous year, largely due to reduced consulting and professional service fees associated with the business combination with Pono. The company's cash position improved to $163,275 from $2,072 at the end of the previous year. AERWINS also raised $542,000 through the issuance of unregistered common stock. The company's future plans include focusing on the development of a Manned Air Vehicle (MAV) aligned with FAA requirements, with sales primarily in the United States, China, and Europe projected to begin in 2027. AERWINS is also exploring additional funding options to support its operations and growth strategy.
AERWINS Technologies Inc. reported a significant turnaround in its financial performance for the first quarter ended March 31, 2024, with a net income of $8,926,531 compared to a net loss of $7,801,544 in the same period last year. This improvement was primarily due to a gain on deconsolidation of $10,014,482 following the voluntary bankruptcy filing of its subsidiary A.L.I. Technologies Inc. in December 2023. Operating expenses decreased by 82.6% to $620,380, down from $3,574,882 in the previous year, largely due to reduced consulting and professional service fees associated with the business combination with Pono. The company's cash position improved to $163,275 from $2,072 at the end of the previous year. AERWINS also raised $542,000 through the issuance of unregistered common stock. The company's future plans include focusing on the development of a Manned Air Vehicle (MAV) aligned with FAA requirements, with sales primarily in the United States, China, and Europe projected to begin in 2027. AERWINS is also exploring additional funding options to support its operations and growth strategy.
AERWINS Technologies Inc.报告了2024年3月31日结束的第一季度的财务业绩显著好转,净利润为8926531美元,而去年同期为净亏损7801544美元。这一改善主要是由于其子公司A.L.I. Technologies Inc.于2023年12月自愿申请破产后,去除联营公司中的非控权益公允价值增加了10014482美元所致。营业费用大幅下降了82.6%,从去年的3574882美元下降至620380美元,主要是由于与Pono的业务组合有关的咨询和专业服务费用减少。该公司的现金状况从上一年底的2072美元提高到163275美元。AERWINS还通过发行未注册的普通股筹集了542,000美元。该公司未来计划包括专注于开发符合FAA要求的载人空中载具(MAV),其销售主要在美国,中国和欧洲,预计将于2027年开始。AERWINS还在探索其他资金支持其业务和增长战略的选择。
AERWINS Technologies Inc.报告了2024年3月31日结束的第一季度的财务业绩显著好转,净利润为8926531美元,而去年同期为净亏损7801544美元。这一改善主要是由于其子公司A.L.I. Technologies Inc.于2023年12月自愿申请破产后,去除联营公司中的非控权益公允价值增加了10014482美元所致。营业费用大幅下降了82.6%,从去年的3574882美元下降至620380美元,主要是由于与Pono的业务组合有关的咨询和专业服务费用减少。该公司的现金状况从上一年底的2072美元提高到163275美元。AERWINS还通过发行未注册的普通股筹集了542,000美元。该公司未来计划包括专注于开发符合FAA要求的载人空中载具(MAV),其销售主要在美国,中国和欧洲,预计将于2027年开始。AERWINS还在探索其他资金支持其业务和增长战略的选择。
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