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PSQ Holdings | 10-Q: Q3 2024 Earnings Report

PSQ Holdings | 10-Q: Q3 2024 Earnings Report

PSQ Holdings | 10-Q:2024财年三季报
美股SEC公告 ·  2024/11/13 05:39

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PSQ Holdings reported Q3 2024 revenue of $6.5 million, a 222% increase from $2.0 million in Q3 2023, driven by strong performance across its Marketplace, Brands, and Financial Technology segments. The company's net loss narrowed to $13.1 million from $20.2 million year-over-year, benefiting from a $2.2 million gain in warrant liability fair value changes.Operating expenses rose significantly with general and administrative costs increasing 185% to $12.3 million, primarily due to higher staffing costs and share-based compensation. The Financial Technology segment, through recently acquired Credova, contributed $3.2 million in revenue, while the Brands segment revenue grew by $1.5 million. The company ended the quarter with $4.7 million in cash.Looking ahead, PSQ Holdings implemented a strategic restructuring in October 2024, reducing staff by 35% for expected annual savings of $11 million. The company also secured $5.35 million through a private placement of Class A common stock at $2.70 per share and launched its PublicSquare Payments platform. Management believes current initiatives and cash flows will fund operations for the next year.
PSQ Holdings reported Q3 2024 revenue of $6.5 million, a 222% increase from $2.0 million in Q3 2023, driven by strong performance across its Marketplace, Brands, and Financial Technology segments. The company's net loss narrowed to $13.1 million from $20.2 million year-over-year, benefiting from a $2.2 million gain in warrant liability fair value changes.Operating expenses rose significantly with general and administrative costs increasing 185% to $12.3 million, primarily due to higher staffing costs and share-based compensation. The Financial Technology segment, through recently acquired Credova, contributed $3.2 million in revenue, while the Brands segment revenue grew by $1.5 million. The company ended the quarter with $4.7 million in cash.Looking ahead, PSQ Holdings implemented a strategic restructuring in October 2024, reducing staff by 35% for expected annual savings of $11 million. The company also secured $5.35 million through a private placement of Class A common stock at $2.70 per share and launched its PublicSquare Payments platform. Management believes current initiatives and cash flows will fund operations for the next year.
PSQ Holdings报告了2024年第三季度营业收入为650万,较2023年第三季度的200万增长了222%,这得益于其市场、品牌和金融科技板块的强劲表现。公司的净亏损从去年的2020万缩小至1310万,受益于220万的认股权证负债公允价值变动的收益。营业费用大幅上升,管理和一般费用增加了185%,达1230万,主要由于人员成本和基于股份的补偿增加。金融科技板块通过近期收购的Credova贡献了320万的营业收入,而品牌板块的收入增长了150万。公司在本季度结束时拥有470万现金。展望未来,PSQ Holdings在2024年10月实施了一项战略重组,预计通过裁员35%实现每年节省1100万。公司还通过定向增发以每股2.70美元的价格融资了535万,并推出了其PublicSquare Payments平台。管理层认为,目前的举措和现金流将为未来一年的运营提供资金。
PSQ Holdings报告了2024年第三季度营业收入为650万,较2023年第三季度的200万增长了222%,这得益于其市场、品牌和金融科技板块的强劲表现。公司的净亏损从去年的2020万缩小至1310万,受益于220万的认股权证负债公允价值变动的收益。营业费用大幅上升,管理和一般费用增加了185%,达1230万,主要由于人员成本和基于股份的补偿增加。金融科技板块通过近期收购的Credova贡献了320万的营业收入,而品牌板块的收入增长了150万。公司在本季度结束时拥有470万现金。展望未来,PSQ Holdings在2024年10月实施了一项战略重组,预计通过裁员35%实现每年节省1100万。公司还通过定向增发以每股2.70美元的价格融资了535万,并推出了其PublicSquare Payments平台。管理层认为,目前的举措和现金流将为未来一年的运营提供资金。
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