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20-F/A: Registration statement / Annual report / Transition report (Amendment)

20-F/A: Registration statement / Annual report / Transition report (Amendment)

20-F/A:年度報告/過渡報告/註冊聲明(修正)
美股SEC公告 ·  2024/07/23 09:56

Moomoo AI 已提取核心訊息

SRIVARU Holding Limited reported fiscal year 2024 revenue of $42,538, down 62.27% from $112,409 in FY2023, primarily due to raw material shipment delays. The company recorded a net loss of $11.48 million compared to a $674,948 loss in the previous year. Gross margin was negatively impacted by a $263,000 inventory write-down related to compliance with revised EV battery regulations.General and administrative expenses increased significantly to $10.92 million from $405,078, driven by higher headcount, professional services costs, and technology investments. The company maintained a cash position of $175,041 as of March 31, 2024. Operating expenses rose substantially as the company invested in scaling operations and transitioning to a public company structure.Looking ahead, SRIVARU secured a $25 million equity financing facility in July 2024 to support operations and growth initiatives. Management believes current cash resources and financing arrangements are sufficient to fund operations for the next twelve months as the company focuses on expanding manufacturing capacity and developing its premium electric two-wheeler product line.
SRIVARU Holding Limited reported fiscal year 2024 revenue of $42,538, down 62.27% from $112,409 in FY2023, primarily due to raw material shipment delays. The company recorded a net loss of $11.48 million compared to a $674,948 loss in the previous year. Gross margin was negatively impacted by a $263,000 inventory write-down related to compliance with revised EV battery regulations.General and administrative expenses increased significantly to $10.92 million from $405,078, driven by higher headcount, professional services costs, and technology investments. The company maintained a cash position of $175,041 as of March 31, 2024. Operating expenses rose substantially as the company invested in scaling operations and transitioning to a public company structure.Looking ahead, SRIVARU secured a $25 million equity financing facility in July 2024 to support operations and growth initiatives. Management believes current cash resources and financing arrangements are sufficient to fund operations for the next twelve months as the company focuses on expanding manufacturing capacity and developing its premium electric two-wheeler product line.
SRIVARU Holding Limited報告2024財年的營業收入爲42538美元,較2023財年的112409美元下降62.27%,主要由於原材料發貨延遲。公司淨虧損錄得1148萬人民幣,而上年則虧損674,948美元。毛利率受到與修訂的電動車電池法規相關的26.3萬美元庫存減記的負面影響。一般和行政支出顯著增加,從405,078美元上升至1092萬人民幣,主要受員工人數增加、專業服務費用和科技投資的推動。截止到2024年3月31日,公司保持現金頭寸爲175,041美元。營業費用大幅上升,因爲公司在擴大運營和向上市公司結構轉型方面進行了投資。展望未來,SRIVARU於2024年7月獲得了2500萬美元的股權融資以支持運營和增長舉措。管理層認爲,目前的現金資源和融資安排足以支持公司在未來十二個月的運營,同時公司將專注於擴大製造業能力和開發其高端電動兩輪車產品線。
SRIVARU Holding Limited報告2024財年的營業收入爲42538美元,較2023財年的112409美元下降62.27%,主要由於原材料發貨延遲。公司淨虧損錄得1148萬人民幣,而上年則虧損674,948美元。毛利率受到與修訂的電動車電池法規相關的26.3萬美元庫存減記的負面影響。一般和行政支出顯著增加,從405,078美元上升至1092萬人民幣,主要受員工人數增加、專業服務費用和科技投資的推動。截止到2024年3月31日,公司保持現金頭寸爲175,041美元。營業費用大幅上升,因爲公司在擴大運營和向上市公司結構轉型方面進行了投資。展望未來,SRIVARU於2024年7月獲得了2500萬美元的股權融資以支持運營和增長舉措。管理層認爲,目前的現金資源和融資安排足以支持公司在未來十二個月的運營,同時公司將專注於擴大製造業能力和開發其高端電動兩輪車產品線。
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