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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 ·  2024/08/14 15:20

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Banzai International reported Q2 2024 revenue of $1.07 million, down 10.5% from $1.19 million in Q2 2023, with gross profit declining to $738,189. The company's net loss widened to $4.17 million compared to $3.49 million in the prior year quarter, primarily due to increased operating expenses and lower revenue.Operating expenses rose 47.4% to $4.32 million, driven by higher salaries, marketing costs, and professional services expenses. The company's cash position decreased to $471,747 as of June 30, 2024, from $2.09 million at year-end 2023, while maintaining a working capital deficit of approximately $34 million.Management secured additional financing through a $2.5 million registered direct offering in May 2024 and issued convertible notes to Yorkville. However, the company noted substantial doubt about its ability to continue as a going concern, citing recurring losses and negative cash flows. Banzai plans to seek additional funding through its SEPA arrangement and other equity financings in 2024.
Banzai International reported Q2 2024 revenue of $1.07 million, down 10.5% from $1.19 million in Q2 2023, with gross profit declining to $738,189. The company's net loss widened to $4.17 million compared to $3.49 million in the prior year quarter, primarily due to increased operating expenses and lower revenue.Operating expenses rose 47.4% to $4.32 million, driven by higher salaries, marketing costs, and professional services expenses. The company's cash position decreased to $471,747 as of June 30, 2024, from $2.09 million at year-end 2023, while maintaining a working capital deficit of approximately $34 million.Management secured additional financing through a $2.5 million registered direct offering in May 2024 and issued convertible notes to Yorkville. However, the company noted substantial doubt about its ability to continue as a going concern, citing recurring losses and negative cash flows. Banzai plans to seek additional funding through its SEPA arrangement and other equity financings in 2024.
Banzai International报告2024年第二季度营业收入为107万美元,比2023年第二季度的119万美元下降10.5%,毛利润降至738,189美元。公司的净亏损扩大至417万美元,而去年同期为349万美元,主要由于营业费用增加和营业收入下降。营业费用增长47.4%,达到432万美元,这主要受到薪资、市场营销费用和专业服务费用增加的推动。截止2024年6月30日,该公司的现金储备降至471,747美元,而2023年底时为209万美元,同时保持大约3400万美元的营运资金赤字。管理层通过2024年5月的250万美元注册直接发行融资,获得了额外资金,并向Yorkville发行了可转换票据。然而,公司指出其持续经营的能力存在重大疑问,理由是经常性亏损和负现金流。Banzai计划通过其SEPA安排和其他股权融资在2024年寻求追加资金。
Banzai International报告2024年第二季度营业收入为107万美元,比2023年第二季度的119万美元下降10.5%,毛利润降至738,189美元。公司的净亏损扩大至417万美元,而去年同期为349万美元,主要由于营业费用增加和营业收入下降。营业费用增长47.4%,达到432万美元,这主要受到薪资、市场营销费用和专业服务费用增加的推动。截止2024年6月30日,该公司的现金储备降至471,747美元,而2023年底时为209万美元,同时保持大约3400万美元的营运资金赤字。管理层通过2024年5月的250万美元注册直接发行融资,获得了额外资金,并向Yorkville发行了可转换票据。然而,公司指出其持续经营的能力存在重大疑问,理由是经常性亏损和负现金流。Banzai计划通过其SEPA安排和其他股权融资在2024年寻求追加资金。
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