share_log

10-Q: Q2 2024 Earnings Report

10-Q: Q2 2024 Earnings Report

10-Q：2024财年二季报
美股SEC公告 ·  2024/08/13 14:18

Moomoo AI 已提取核心信息

AgriFORCE Growing Systems reported its first revenue of $41,315 in Q2 2024 from hydroxyl generating device sales, while operating expenses decreased 60% to $1.17M compared to Q2 2023. The significant cost reduction was driven by lower consulting fees, reduced headcount from 15 to 7 employees, and decreased professional service expenses as the company focused on organic growth.The company's net loss widened to $4.23M in Q2 2024 from $2.53M in Q2 2023, primarily due to $1.89M loss on debt extinguishment and $1.12M loss on convertible debt conversion. Cash position stood at $2.94M as of June 30, 2024, down from $3.88M at year-end 2023, while the company raised additional funding through convertible debenture tranches.Management has implemented strategic changes including executive restructuring, with Jolie Kahn appointed as CEO in June 2024. The company is focusing on commercializing its UN(THINK) Awakened Flour products and hydroxyl devices while exploring M&A opportunities in the Ag-Tech space. However, substantial doubt exists about the company's ability to continue as a going concern without additional capital raising.
AgriFORCE Growing Systems reported its first revenue of $41,315 in Q2 2024 from hydroxyl generating device sales, while operating expenses decreased 60% to $1.17M compared to Q2 2023. The significant cost reduction was driven by lower consulting fees, reduced headcount from 15 to 7 employees, and decreased professional service expenses as the company focused on organic growth.The company's net loss widened to $4.23M in Q2 2024 from $2.53M in Q2 2023, primarily due to $1.89M loss on debt extinguishment and $1.12M loss on convertible debt conversion. Cash position stood at $2.94M as of June 30, 2024, down from $3.88M at year-end 2023, while the company raised additional funding through convertible debenture tranches.Management has implemented strategic changes including executive restructuring, with Jolie Kahn appointed as CEO in June 2024. The company is focusing on commercializing its UN(THINK) Awakened Flour products and hydroxyl devices while exploring M&A opportunities in the Ag-Tech space. However, substantial doubt exists about the company's ability to continue as a going concern without additional capital raising.
AgriFORCE Growing Systems在2024年第二季度报告了其首个营业收入为$41,315，来自羟基生成设备的销售，而营业费用相比于2023年第二季度下降了60%，至$117万。显著的成本减少是由于咨询费用降低、员工人数从15人减少到7人，以及公司专注于有机增长导致的专业服务费用减少。公司的净亏损在2024年第二季度扩大至$423万，而在2023年第二季度为$253万，主要是由于$189万的债务解除损失和$112万的可转换债务转换损失。截止到2024年6月30日，现金状况为$294万，较2023年年底的$388万下降，同时公司通过可转换债券分批募得了额外资金。管理层实施了战略变...展开全部
AgriFORCE Growing Systems在2024年第二季度报告了其首个营业收入为$41,315，来自羟基生成设备的销售，而营业费用相比于2023年第二季度下降了60%，至$117万。显著的成本减少是由于咨询费用降低、员工人数从15人减少到7人，以及公司专注于有机增长导致的专业服务费用减少。公司的净亏损在2024年第二季度扩大至$423万，而在2023年第二季度为$253万，主要是由于$189万的债务解除损失和$112万的可转换债务转换损失。截止到2024年6月30日，现金状况为$294万，较2023年年底的$388万下降，同时公司通过可转换债券分批募得了额外资金。管理层实施了战略变更，包括高管重组，Jolie Kahn于2024年6月被任命为首席执行官。公司专注于商业化其UN(THINK)觉醒面粉产品和羟基设备，同时在农业科技领域探索并购机会。然而，存在相当大的怀疑，关于公司在没有额外资金募集的情况下继续作为一个持续经营的企业的能力。

该公告为独立文件：

独立文件1  查看翻译

独立文件2  查看翻译

独立文件3  查看翻译

独立文件4  查看翻译

独立文件5  查看翻译

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
    相关股票 相关股票
    代码 迷你走势 最新价
    Edible Garden
    EDBL
    -- 0.299
    Local Bounti
    LOCL
    -- 2.2800
    AgriFORCE Growing
    AGRI
    -- 2.6700
    S&W Seed
    SANW
    -- 9.390
    AquaBounty
    AQB
    -- 0.9272
    解锁完整榜单
    热门中概股
    追踪最热门的中概股实时资讯。
    热门讨论
    科技巨头财报季拉开帷幕： 市场将如何反应？
    🎙️ 讨论： 1. 大型科技公司的财报能否再次引领各版块上涨？ 2. 科技巨头将会如何受到“特朗普因素”的影响？ 展开
    了解大科技股收益前需要知道的事项