share_log

10-Q: Q3 2024 Earnings Report

10-Q: Q3 2024 Earnings Report

10-Q:2024财年三季报
美股SEC公告 ·  2024/11/14 05:26

Moomoo AI 已提取核心信息

Cardio Diagnostics Holdings reported Q3 2024 revenue of $6,580, compared to $10,030 in Q3 2023. Net loss narrowed to $1.41 million from $1.93 million year-over-year, primarily due to decreased interest expenses. Operating expenses totaled $1.42 million, slightly down from $1.45 million in the prior year period.The company's cash position strengthened to $1.98 million as of September 30, 2024, up from $1.28 million at year-end 2023. This improvement was driven by $5.18 million in proceeds from stock sales, partially offset by $3.60 million cash used in operations. General and administrative expenses remained stable at $1.35 million compared to $1.38 million in Q3 2023.Looking ahead, Cardio Diagnostics faces challenges including Nasdaq listing compliance requirements, as its stock price fell below $1.00 minimum bid price. The company has until December 2, 2024, to regain compliance, with a possible 180-day extension. Management continues to focus on expanding product adoption across key channels while developing additional clinical tests for cardiovascular diseases.
Cardio Diagnostics Holdings reported Q3 2024 revenue of $6,580, compared to $10,030 in Q3 2023. Net loss narrowed to $1.41 million from $1.93 million year-over-year, primarily due to decreased interest expenses. Operating expenses totaled $1.42 million, slightly down from $1.45 million in the prior year period.The company's cash position strengthened to $1.98 million as of September 30, 2024, up from $1.28 million at year-end 2023. This improvement was driven by $5.18 million in proceeds from stock sales, partially offset by $3.60 million cash used in operations. General and administrative expenses remained stable at $1.35 million compared to $1.38 million in Q3 2023.Looking ahead, Cardio Diagnostics faces challenges including Nasdaq listing compliance requirements, as its stock price fell below $1.00 minimum bid price. The company has until December 2, 2024, to regain compliance, with a possible 180-day extension. Management continues to focus on expanding product adoption across key channels while developing additional clinical tests for cardiovascular diseases.
心脏诊断控股公司报告2024年第三季度营业收入为6,580美元,较2023年第三季度的10,030美元有所下降。净亏损从去年的193万缩减至141万,主要得益于利息费用的减少。营业费用总计为142万,较上一年同期的145万略有下降。截至2024年9月30日,公司现金持有量增强至198万,较2023年年末的128万有所上升。这一改善主要是由于通过股票销售获得的518万,这部分被运营中使用的360万现金所抵消。一般和行政费用与2023年第三季度的138万相比保持稳定,为135万。展望未来,心脏诊断面临挑战,包括纳斯达克上市合规要求,因为其股价已跌至最低买盘价的1.00美元以下。公司有直到2024年12月2日的时间来恢复合规,可能会有180天的延期。管理层继续专注于扩大产品在主要渠道的采用,同时开发用于心血管疾病的更多临床测试。
心脏诊断控股公司报告2024年第三季度营业收入为6,580美元,较2023年第三季度的10,030美元有所下降。净亏损从去年的193万缩减至141万,主要得益于利息费用的减少。营业费用总计为142万,较上一年同期的145万略有下降。截至2024年9月30日,公司现金持有量增强至198万,较2023年年末的128万有所上升。这一改善主要是由于通过股票销售获得的518万,这部分被运营中使用的360万现金所抵消。一般和行政费用与2023年第三季度的138万相比保持稳定,为135万。展望未来,心脏诊断面临挑战,包括纳斯达克上市合规要求,因为其股价已跌至最低买盘价的1.00美元以下。公司有直到2024年12月2日的时间来恢复合规,可能会有180天的延期。管理层继续专注于扩大产品在主要渠道的采用,同时开发用于心血管疾病的更多临床测试。
声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息