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Nxu Inc | 10-Q: Q3 2024 Earnings Report

Nxu Inc | 10-Q: Q3 2024 Earnings Report

Nxu Inc | 10-Q:2024财年三季报
美股SEC公告 ·  2024/11/14 00:38

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Nxu Inc. reported Q3 2024 financial results with revenue of $6,000 and a net loss of $5 million, compared to a net loss of $10.4 million in Q3 2023. Operating expenses decreased significantly to $3.1 million from $11.3 million year-over-year, primarily due to reduced research and development costs and lower general administrative expenses.The company ended the quarter with $2.2 million in cash and announced a definitive merger agreement with Verde Bioresins on October 23, 2024. Under the agreement, Verde shareholders will own approximately 95% of the combined company while Nxu shareholders will retain about 5%. The merger is expected to close by March 31, 2025, subject to shareholder and regulatory approvals.Management continues to implement cost-saving measures including headcount reductions and asset sales. The company raised $10.7 million through ATM offerings during the first nine months of 2024 but noted substantial doubt about its ability to continue as a going concern without additional funding. The merger with Verde is viewed as a strategic alternative to enhance shareholder value.
Nxu Inc. reported Q3 2024 financial results with revenue of $6,000 and a net loss of $5 million, compared to a net loss of $10.4 million in Q3 2023. Operating expenses decreased significantly to $3.1 million from $11.3 million year-over-year, primarily due to reduced research and development costs and lower general administrative expenses.The company ended the quarter with $2.2 million in cash and announced a definitive merger agreement with Verde Bioresins on October 23, 2024. Under the agreement, Verde shareholders will own approximately 95% of the combined company while Nxu shareholders will retain about 5%. The merger is expected to close by March 31, 2025, subject to shareholder and regulatory approvals.Management continues to implement cost-saving measures including headcount reductions and asset sales. The company raised $10.7 million through ATM offerings during the first nine months of 2024 but noted substantial doubt about its ability to continue as a going concern without additional funding. The merger with Verde is viewed as a strategic alternative to enhance shareholder value.
Nxu Inc. 报告了2024年第三季度的财务结果,营业收入为6,000美元,净亏损为500万,与2023年第三季度的净亏损1,040万相比有所改善。营业费用从上年的1,130万显著减少至310万,主要是由于研发成本的降低和一般管理费用的减少。公司在季度末现金余额为220万,并于2024年10月23日宣布与Verde Bioresins达成最终合并协议。根据协议,Verde股东将拥有合并公司约95%的股份,而Nxu股东将保留约5%的股份。预计合并将于2025年3月31日前完成,需经过股东和监管机构的批准。管理层继续实施成本节约措施,包括裁员和资产出售。公司在2024年前九个月通过ATm发行筹集了1,070万,但表示在没有额外资金的情况下继续作为持续经营的公司存在重大疑虑。与Verde的合并被视为增强股东价值的战略替代方案。
Nxu Inc. 报告了2024年第三季度的财务结果,营业收入为6,000美元,净亏损为500万,与2023年第三季度的净亏损1,040万相比有所改善。营业费用从上年的1,130万显著减少至310万,主要是由于研发成本的降低和一般管理费用的减少。公司在季度末现金余额为220万,并于2024年10月23日宣布与Verde Bioresins达成最终合并协议。根据协议,Verde股东将拥有合并公司约95%的股份,而Nxu股东将保留约5%的股份。预计合并将于2025年3月31日前完成,需经过股东和监管机构的批准。管理层继续实施成本节约措施,包括裁员和资产出售。公司在2024年前九个月通过ATm发行筹集了1,070万,但表示在没有额外资金的情况下继续作为持续经营的公司存在重大疑虑。与Verde的合并被视为增强股东价值的战略替代方案。
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