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424B3: Prospectus

424B3: Prospectus

424B3:募资说明书
美股SEC公告 ·  07/11 17:19
Moomoo AI 已提取核心信息
Banzai International, a leading enterprise SaaS Video Engagement platform, reported a decrease in revenue for Q1 2024, with total revenue of approximately $1.1 million, an 8.3% drop from Q1 2023. The decline was attributed to a shift in focus to the Demio product and a decision to phase out the Reach product, which was later reversed. The company also experienced a net loss of $4.5 million, a 19.6% increase from the previous year's loss of $3.8 million. Despite this, Banzai raised additional capital through convertible notes and issued shares to settle existing liabilities. The company is actively working to remediate material weaknesses in internal control over financial reporting, including IT General Controls, COSO Entity Level Controls, and the period-end financial close and reporting process. Banzai's cash as of March 31, 2024, was approximately $1.0 million, with a working capital deficit of $33.1 million and an accumulated deficit of $51.3 million. The company's future plans include seeking additional funding through equity financings and improving operational efficiency.
Banzai International, a leading enterprise SaaS Video Engagement platform, reported a decrease in revenue for Q1 2024, with total revenue of approximately $1.1 million, an 8.3% drop from Q1 2023. The decline was attributed to a shift in focus to the Demio product and a decision to phase out the Reach product, which was later reversed. The company also experienced a net loss of $4.5 million, a 19.6% increase from the previous year's loss of $3.8 million. Despite this, Banzai raised additional capital through convertible notes and issued shares to settle existing liabilities. The company is actively working to remediate material weaknesses in internal control over financial reporting, including IT General Controls, COSO Entity Level Controls, and the period-end financial close and reporting process. Banzai's cash as of March 31, 2024, was approximately $1.0 million, with a working capital deficit of $33.1 million and an accumulated deficit of $51.3 million. The company's future plans include seeking additional funding through equity financings and improving operational efficiency.
领先的企业saas-云计算视频参与平台Banzai International报告称,2024年第一季度营业收入减少,总营收约为110万美元,较2023年第一季度下降8.3%。这个降幅被归因于将重心转向Demio产品和决定逐步淘汰后又被撤销的Reach产品。该公司还经历了450万美元的净亏损,比去年的亏损380万美元增长了19.6%。尽管如此,Banzai通过可转债筹集了额外的资本,并发行股份以清偿现有负债。公司正在积极采取措施解决内部财务报告控制的实质性弱点,包括It General Controls,COSO Entity Level Controls以及期末财务结算和报告流程。截至2024年3月31日,Banzai的现金约为100万美元,工作资本赤字为3310万美元,累计亏损为5130万美元。该公司的未来计划包括通过股权融资寻求额外资金,并提高运营效率。
领先的企业saas-云计算视频参与平台Banzai International报告称,2024年第一季度营业收入减少,总营收约为110万美元,较2023年第一季度下降8.3%。这个降幅被归因于将重心转向Demio产品和决定逐步淘汰后又被撤销的Reach产品。该公司还经历了450万美元的净亏损,比去年的亏损380万美元增长了19.6%。尽管如此,Banzai通过可转债筹集了额外的资本,并发行股份以清偿现有负债。公司正在积极采取措施解决内部财务报告控制的实质性弱点,包括It General Controls,COSO Entity Level Controls以及期末财务结算和报告流程。截至2024年3月31日,Banzai的现金约为100万美元,工作资本赤字为3310万美元,累计亏损为5130万美元。该公司的未来计划包括通过股权融资寻求额外资金,并提高运营效率。
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