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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 ·  05/20 17:32
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Lottery.com, a leading provider of domestic and international lottery products and services, has faced significant challenges in the first quarter of 2024. The company's financial performance has been impacted by legacy issues, including non-compliance with state and federal laws concerning lottery ticket procurement and order fulfillment. These issues led to the furloughing of the majority of employees and suspension of lottery game sales operations in July 2022. Despite these setbacks, Lottery.com has made strides in regaining compliance with Nasdaq's continued listing rules and has begun restarting operations with a focus on technology, product, and service enhancements. The company's future plans include resuming core lottery and gaming operations, monetizing the Sports.com brand, and expanding globally, supported...Show More
Lottery.com, a leading provider of domestic and international lottery products and services, has faced significant challenges in the first quarter of 2024. The company's financial performance has been impacted by legacy issues, including non-compliance with state and federal laws concerning lottery ticket procurement and order fulfillment. These issues led to the furloughing of the majority of employees and suspension of lottery game sales operations in July 2022. Despite these setbacks, Lottery.com has made strides in regaining compliance with Nasdaq's continued listing rules and has begun restarting operations with a focus on technology, product, and service enhancements. The company's future plans include resuming core lottery and gaming operations, monetizing the Sports.com brand, and expanding globally, supported by investment commitments from United Investments Capital London, Univest Securities LLC, and Prosperity Investment Management. However, the company's financial condition remains precarious, with an accumulated deficit of approximately $241 million and working capital of approximately negative $8.2 million as of March 31, 2024. The company's ability to continue as a going concern is dependent on its ability to execute its business plan and secure additional capital.
領先的國內外彩票產品和服務供應商彩票股面臨了2024年第一季度的重大挑戰。公司的財務業績受到傳統問題的影響,包括在彩票購買和訂單履行方面不符合州和聯邦法律的規定。這些問題導致了大部分員工的停薪留職和彩票遊戲銷售在2022年7月的停業。儘管遭遇了這些挫折,彩票股在恢復遵守納斯達克的繼續上市規則方面取得了重大進展,並開始以技術、產品和服務的增強爲重點重新啓動業務。公司未來的計劃包括恢復核心的彩票和遊戲業務,將Sports.com品牌盈利,支持來自United Investment Capital London、Univest Securities LLC和Prosperity Investment Management的投資承諾並在全球範圍內擴張。然而,公司的財務狀況仍然十分不穩定,截至2024年3月31日,累計赤字約爲$24100萬,營運資本約爲負$820萬。公司繼續作爲運營實體的能力取決於公司執行其業務計劃並獲得額外資本的能力。
領先的國內外彩票產品和服務供應商彩票股面臨了2024年第一季度的重大挑戰。公司的財務業績受到傳統問題的影響,包括在彩票購買和訂單履行方面不符合州和聯邦法律的規定。這些問題導致了大部分員工的停薪留職和彩票遊戲銷售在2022年7月的停業。儘管遭遇了這些挫折,彩票股在恢復遵守納斯達克的繼續上市規則方面取得了重大進展,並開始以技術、產品和服務的增強爲重點重新啓動業務。公司未來的計劃包括恢復核心的彩票和遊戲業務,將Sports.com品牌盈利,支持來自United Investment Capital London、Univest Securities LLC和Prosperity Investment Management的投資承諾並在全球範圍內擴張。然而,公司的財務狀況仍然十分不穩定,截至2024年3月31日,累計赤字約爲$24100萬,營運資本約爲負$820萬。公司繼續作爲運營實體的能力取決於公司執行其業務計劃並獲得額外資本的能力。
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