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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 ·  2024/08/15 03:35

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Nukkleus Inc. reported Q2 2024 financial results with revenue declining 95% to $0.26 million from $5.63 million in Q2 2023, primarily due to the termination of its General Services Agreement with TCM effective January 2024. The net loss widened to $2.43 million compared to $0.81 million loss in the prior year quarter, with earnings per share of -$0.17.Professional fees increased significantly to $2.04 million from $0.57 million last year, driven by $0.75 million in stock-based advisory fees and increased legal expenses. The company's financial services segment revenue decreased 69% to $0.26 million, though gross margin improved to 75.7% from 8.7% due to reduced amortization costs.The company faces substantial going concern doubts with a working capital deficit of $10.98 million as of March 31, 2024. Management is seeking additional capital through equity and debt financing, having secured new convertible notes totaling $0.83 million in June and August 2024. The company's ability to continue operations depends on successfully raising more capital and generating sufficient revenues.
Nukkleus Inc. reported Q2 2024 financial results with revenue declining 95% to $0.26 million from $5.63 million in Q2 2023, primarily due to the termination of its General Services Agreement with TCM effective January 2024. The net loss widened to $2.43 million compared to $0.81 million loss in the prior year quarter, with earnings per share of -$0.17.Professional fees increased significantly to $2.04 million from $0.57 million last year, driven by $0.75 million in stock-based advisory fees and increased legal expenses. The company's financial services segment revenue decreased 69% to $0.26 million, though gross margin improved to 75.7% from 8.7% due to reduced amortization costs.The company faces substantial going concern doubts with a working capital deficit of $10.98 million as of March 31, 2024. Management is seeking additional capital through equity and debt financing, having secured new convertible notes totaling $0.83 million in June and August 2024. The company's ability to continue operations depends on successfully raising more capital and generating sufficient revenues.
Nukkleus Inc. 发布了2024年第二季度财务结果,营业收入从2023年第二季度的563万下降了95%,仅为26万,主要由于与TCm终止的综合服务协议于2024年1月生效。净亏损扩大至243万,与上一年同季度的81万亏损相比,每股收益为-0.17。专业费用大幅增加,从去年的57万增加至204万,主要受到75万股票咨询费用和法律费用增加的推动。公司的金融服务部门营业收入下降了69%,降至26万,但毛利率从8.7%提高至75.7%,这是由于摊销成本降低。截至2024年3月31日,公司面临重大持续经营疑虑,流动资金赤字为1098万。管理层正在通过股权和债务融资寻求额外资本,并在2024年6月和8月获得了总计83万的新可转换票据。公司的运营能力取决于成功筹集更多资本和产生充足的营业收入。
Nukkleus Inc. 发布了2024年第二季度财务结果,营业收入从2023年第二季度的563万下降了95%,仅为26万,主要由于与TCm终止的综合服务协议于2024年1月生效。净亏损扩大至243万,与上一年同季度的81万亏损相比,每股收益为-0.17。专业费用大幅增加,从去年的57万增加至204万,主要受到75万股票咨询费用和法律费用增加的推动。公司的金融服务部门营业收入下降了69%,降至26万,但毛利率从8.7%提高至75.7%,这是由于摊销成本降低。截至2024年3月31日,公司面临重大持续经营疑虑,流动资金赤字为1098万。管理层正在通过股权和债务融资寻求额外资本,并在2024年6月和8月获得了总计83万的新可转换票据。公司的运营能力取决于成功筹集更多资本和产生充足的营业收入。
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