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8-K: TMTG Reports Third Quarter 2024 Results

8-K: TMTG Reports Third Quarter 2024 Results

8-K:TMTG公布2024年第三季度业绩
美股SEC公告 ·  2024/11/05 15:42

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Trump Media & Technology Group reported Q3 2024 financial results with a net loss of $19.2M and operating loss of $23.7M, while maintaining a strong cash position of $672.9M with no debt. The quarter saw $1M in revenue plus $4.7M in interest income. Legal fees accounted for $12.1M, while R&D expenses were $3.9M.The company achieved significant operational milestones by launching Truth+, its TV streaming platform, across multiple devices including iOS, Android, and connected TVs. TMTG established a proprietary nationwide content delivery network to ensure independence from Big Tech, offering features like live TV rewind, catch-up TV, and network DVR capabilities.As of October 15, 2024, the company had approximately 650,000 shareholders, with retail investors forming the majority. TMTG plans to expand its streaming options focusing on news, entertainment, and faith-based content, while exploring growth opportunities through potential mergers and acquisitions, particularly in fintech.
Trump Media & Technology Group reported Q3 2024 financial results with a net loss of $19.2M and operating loss of $23.7M, while maintaining a strong cash position of $672.9M with no debt. The quarter saw $1M in revenue plus $4.7M in interest income. Legal fees accounted for $12.1M, while R&D expenses were $3.9M.The company achieved significant operational milestones by launching Truth+, its TV streaming platform, across multiple devices including iOS, Android, and connected TVs. TMTG established a proprietary nationwide content delivery network to ensure independence from Big Tech, offering features like live TV rewind, catch-up TV, and network DVR capabilities.As of October 15, 2024, the company had approximately 650,000 shareholders, with retail investors forming the majority. TMTG plans to expand its streaming options focusing on news, entertainment, and faith-based content, while exploring growth opportunities through potential mergers and acquisitions, particularly in fintech.
特朗普传媒与科技集团公布了2024年第三季度的财务结果,净亏损1920万美元,运营亏损2370万美元,同时保持了67290万美元的强劲现金储备,并且没有债务。这一季度的营业收入为100万美元,利息收入为470万美元。法律费用占1210万美元,研发费用为390万美元。该公司通过推出Truth+电视流媒体平台,在包括iOS、Android和联网电视在内的多个设备上实现了重要的运营里程碑。TMTG建立了自主的全国内容传输网络,以确保不受大型科技公司的影响,提供直播电视回放、追看电视和网络DVR功能。截至2024年10月15日,公司拥有约650,000名股东,散户投资者占大多数。TMTG计划扩展其流媒体选项,重点关注资讯、娱乐和以信仰为基础的内容,同时通过潜在的并购探索增长机会,特别是在金融科技领域。
特朗普传媒与科技集团公布了2024年第三季度的财务结果,净亏损1920万美元,运营亏损2370万美元,同时保持了67290万美元的强劲现金储备,并且没有债务。这一季度的营业收入为100万美元,利息收入为470万美元。法律费用占1210万美元,研发费用为390万美元。该公司通过推出Truth+电视流媒体平台,在包括iOS、Android和联网电视在内的多个设备上实现了重要的运营里程碑。TMTG建立了自主的全国内容传输网络,以确保不受大型科技公司的影响,提供直播电视回放、追看电视和网络DVR功能。截至2024年10月15日,公司拥有约650,000名股东,散户投资者占大多数。TMTG计划扩展其流媒体选项,重点关注资讯、娱乐和以信仰为基础的内容,同时通过潜在的并购探索增长机会,特别是在金融科技领域。
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