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LQR House | 10-Q: Q2 2024 Earnings Report

LQR House | 10-Q: Q2 2024 Earnings Report

LQR House | 10-Q:2024财年二季报
美股SEC公告 ·  2024/08/14 18:06

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LQR House Inc. reported Q2 2024 total revenues of $557,917, a 192% increase from $191,022 in Q2 2023, driven primarily by $512,748 in revenues from the CWS Platform acquired in November 2023. However, the company posted a gross loss of $152,190 compared to a gross profit of $55,061 in Q2 2023, as cost of revenue rose 422% to $710,107.Operating expenses decreased 41% to $2.12 million, mainly due to lower stock-based compensation, though sales and marketing costs increased significantly to $764,807. The net loss narrowed to $2.21 million from $3.56 million in Q2 2023, helped by $65,099 in dividend income from investments.As of June 30, 2024, LQR House had $622,825 in cash and $4.02 million in marketable securities. Management cited ongoing concerns about the company's ability to continue as a going concern, given sustained losses and negative cash flows, though they are exploring strategies including customer acquisition and new partnerships to improve margins and achieve profitability.
LQR House Inc. reported Q2 2024 total revenues of $557,917, a 192% increase from $191,022 in Q2 2023, driven primarily by $512,748 in revenues from the CWS Platform acquired in November 2023. However, the company posted a gross loss of $152,190 compared to a gross profit of $55,061 in Q2 2023, as cost of revenue rose 422% to $710,107.Operating expenses decreased 41% to $2.12 million, mainly due to lower stock-based compensation, though sales and marketing costs increased significantly to $764,807. The net loss narrowed to $2.21 million from $3.56 million in Q2 2023, helped by $65,099 in dividend income from investments.As of June 30, 2024, LQR House had $622,825 in cash and $4.02 million in marketable securities. Management cited ongoing concerns about the company's ability to continue as a going concern, given sustained losses and negative cash flows, though they are exploring strategies including customer acquisition and new partnerships to improve margins and achieve profitability.
LQR House Inc.报告2024年第二季度总营业收入为557,917美元,比2023年第二季度的191,022美元增长了192%,主要得益于2023年11月收购的CWS平台带来的512,748美元的营业收入。然而,公司录得毛亏损152,190美元,而2023年第二季度的毛利润为55,061美元,因为营收成本上升422%,达到710,107美元。营业费用下降41%,降至212万,主要由于股票薪酬的减少,但销售和营销费用显著增加,达到764,807美元。净亏损缩小至221万,而2023年第二季度为356万,得益于投资带来的65,099美元的股息收入。截至2024年6月30日,LQR House拥有622,825美元的现金和402万的可交易证券。管理层提到,考虑到持续的亏损和负现金流,公司能否持续经营存在持续的担忧,尽管他们正在探索包括客户获取和新合作伙伴关系在内的战略,以改善毛利率并实现盈利。
LQR House Inc.报告2024年第二季度总营业收入为557,917美元,比2023年第二季度的191,022美元增长了192%,主要得益于2023年11月收购的CWS平台带来的512,748美元的营业收入。然而,公司录得毛亏损152,190美元,而2023年第二季度的毛利润为55,061美元,因为营收成本上升422%,达到710,107美元。营业费用下降41%,降至212万,主要由于股票薪酬的减少,但销售和营销费用显著增加,达到764,807美元。净亏损缩小至221万,而2023年第二季度为356万,得益于投资带来的65,099美元的股息收入。截至2024年6月30日,LQR House拥有622,825美元的现金和402万的可交易证券。管理层提到,考虑到持续的亏损和负现金流,公司能否持续经营存在持续的担忧,尽管他们正在探索包括客户获取和新合作伙伴关系在内的战略,以改善毛利率并实现盈利。
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