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10-Q: Quarterly report

10-Q: Quarterly report

10-Q:季度报表
美股SEC公告 ·  2024/08/10 04:21

Moomoo AI 已提取核心信息

Trump Media & Technology Group Corp. reported Q2 2024 revenue of $836,900, down 30% from $1.19 million in Q2 2023, primarily due to changes in revenue sharing agreements with advertising partners. The company's net loss narrowed to $16.37 million from $22.77 million year-over-year, benefiting from lower interest expenses and interest income of $2.13 million.Operating expenses increased significantly to $19.46 million from $4.92 million, driven by higher research and development costs of $4.86 million and general administration expenses of $13.42 million. The company ended the quarter with $343.95 million in cash, bolstered by proceeds from the Business Combination closing and warrant exercises.Looking ahead, TMTG plans to roll out streaming content in three phases, having completed Phase 1 with TV streaming now available on Truth Social apps. The company faces ongoing material weaknesses in internal controls and is implementing remediation measures, though full remediation could extend beyond 2024. Management believes current cash position is sufficient to fund operations for at least the next twelve months.
Trump Media & Technology Group Corp. reported Q2 2024 revenue of $836,900, down 30% from $1.19 million in Q2 2023, primarily due to changes in revenue sharing agreements with advertising partners. The company's net loss narrowed to $16.37 million from $22.77 million year-over-year, benefiting from lower interest expenses and interest income of $2.13 million.Operating expenses increased significantly to $19.46 million from $4.92 million, driven by higher research and development costs of $4.86 million and general administration expenses of $13.42 million. The company ended the quarter with $343.95 million in cash, bolstered by proceeds from the Business Combination closing and warrant exercises.Looking ahead, TMTG plans to roll out streaming content in three phases, having completed Phase 1 with TV streaming now available on Truth Social apps. The company faces ongoing material weaknesses in internal controls and is implementing remediation measures, though full remediation could extend beyond 2024. Management believes current cash position is sufficient to fund operations for at least the next twelve months.
特朗普媒体与科技集团CORP.报告2024年第二季度营业收入为836,900美元,较2023年第二季度的119万美元下降了30%,主要由于与广告合作伙伴的收入分成协议的变化。公司的净亏损从2277万美元缩小至1637万美元,受益于利息费用降低和213万美元的利息收入。营业费用大幅增加,从492万美元上升至1946万美元,主要由于研发费用增加至486万美元和一般管理费用为1342万美元。公司在季度末持有的现金为34395万美元,得益于业务合并完成和认股权证行使的收益。展望未来,TMTG计划分三个阶段推出流媒体内容,第一阶段已经完成,TV流媒体现已在Truth Social应用上可用。公司面临内部控制的持续重大缺陷,并正在实施补救措施,尽管完整的补救可能会延续至2024年以后。管理层相信目前的现金状况足以支持未来至少12个月的运营。
特朗普媒体与科技集团CORP.报告2024年第二季度营业收入为836,900美元,较2023年第二季度的119万美元下降了30%,主要由于与广告合作伙伴的收入分成协议的变化。公司的净亏损从2277万美元缩小至1637万美元,受益于利息费用降低和213万美元的利息收入。营业费用大幅增加,从492万美元上升至1946万美元,主要由于研发费用增加至486万美元和一般管理费用为1342万美元。公司在季度末持有的现金为34395万美元,得益于业务合并完成和认股权证行使的收益。展望未来,TMTG计划分三个阶段推出流媒体内容,第一阶段已经完成,TV流媒体现已在Truth Social应用上可用。公司面临内部控制的持续重大缺陷,并正在实施补救措施,尽管完整的补救可能会延续至2024年以后。管理层相信目前的现金状况足以支持未来至少12个月的运营。
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