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10-Q: Q1 2024 Earnings Report

10-Q: Q1 2024 Earnings Report

10-Q:2024財年一季報
美股SEC公告 ·  05/21 04:07

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African Agriculture, a company focused on commercial farming and carbon offset production, reported financial results for the quarter ended March 31, 2024. Revenue for the quarter was $344,913, a decrease from the previous year's $415,190, attributed to higher costs and lower yields. Cost of goods sold increased to $316,928, resulting in a gross profit of $27,985. General and administrative expenses rose to $12,644,128, primarily due to $10.7 million in share-based compensation costs. The company reported a net loss of $12,663,598, widening from the prior year's loss of $9,603,752. The company's cash position was $67,183, with a working capital deficit of $24.3 million. African Agriculture's expansion plans are contingent on raising additional capital, and management has expressed substantial doubt about the company's ability to continue as a going concern without securing further financing. The company's future plans include expanding alfalfa production, developing aquaculture and carbon credit programs, and potentially acquiring additional farmland in Africa.
African Agriculture, a company focused on commercial farming and carbon offset production, reported financial results for the quarter ended March 31, 2024. Revenue for the quarter was $344,913, a decrease from the previous year's $415,190, attributed to higher costs and lower yields. Cost of goods sold increased to $316,928, resulting in a gross profit of $27,985. General and administrative expenses rose to $12,644,128, primarily due to $10.7 million in share-based compensation costs. The company reported a net loss of $12,663,598, widening from the prior year's loss of $9,603,752. The company's cash position was $67,183, with a working capital deficit of $24.3 million. African Agriculture's expansion plans are contingent on raising additional capital, and management has expressed substantial doubt about the company's ability to continue as a going concern without securing further financing. The company's future plans include expanding alfalfa production, developing aquaculture and carbon credit programs, and potentially acquiring additional farmland in Africa.
專注商業養殖和碳抵消產業的非洲農業公司公佈了截至2024年3月31日的財務報告。本季度收益爲344,913美元,低於去年的415,190美元,這歸因於更高的成本和更低的產量。貨物銷售成本增加至316,928美元,導致毛利潤爲27,985美元。總行政費用上升至12,644,128美元,主要是由於1070萬美元的股份補償成本。該公司報告淨虧損12,663,598美元,較上年的虧損9,603,752美元有所擴大。該公司現金餘額爲67,183美元,運營資本虧損爲2430萬美元。非洲農業公司的擴張計劃取決於籌集額外的資本,管理層對於在沒有獲得進一步融資的情況下繼續作爲一項持續業務表示極大的懷疑。該公司未來的計劃包括擴大紫花苜蓿生產、開發水產養殖和碳信用計劃,並有可能在非洲收購更多土地。
專注商業養殖和碳抵消產業的非洲農業公司公佈了截至2024年3月31日的財務報告。本季度收益爲344,913美元,低於去年的415,190美元,這歸因於更高的成本和更低的產量。貨物銷售成本增加至316,928美元,導致毛利潤爲27,985美元。總行政費用上升至12,644,128美元,主要是由於1070萬美元的股份補償成本。該公司報告淨虧損12,663,598美元,較上年的虧損9,603,752美元有所擴大。該公司現金餘額爲67,183美元,運營資本虧損爲2430萬美元。非洲農業公司的擴張計劃取決於籌集額外的資本,管理層對於在沒有獲得進一步融資的情況下繼續作爲一項持續業務表示極大的懷疑。該公司未來的計劃包括擴大紫花苜蓿生產、開發水產養殖和碳信用計劃,並有可能在非洲收購更多土地。
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