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10-Q: Quarterly report

10-Q: Quarterly report

10-Q:季度報表
美股SEC公告 ·  2024/08/09 16:21

Moomoo AI 已提取核心訊息

Trump Media & Technology Group Corp. reported Q2 2024 revenue of $836,900, down 30% from $1.19 million in Q2 2023, primarily due to changes in revenue sharing agreements with advertising partners. The company's net loss narrowed to $16.37 million from $22.77 million year-over-year, benefiting from lower interest expenses and interest income of $2.13 million.Operating expenses increased significantly to $19.46 million from $4.92 million, driven by higher research and development costs of $4.86 million and general administration expenses of $13.42 million. The company ended the quarter with $343.95 million in cash, bolstered by proceeds from the Business Combination closing and warrant exercises.Looking ahead, TMTG plans to roll out streaming content in three phases, having completed Phase 1 with TV streaming now available on Truth Social apps. The company faces ongoing material weaknesses in internal controls and is implementing remediation measures, though full remediation could extend beyond 2024. Management believes current cash position is sufficient to fund operations for at least the next twelve months.
Trump Media & Technology Group Corp. reported Q2 2024 revenue of $836,900, down 30% from $1.19 million in Q2 2023, primarily due to changes in revenue sharing agreements with advertising partners. The company's net loss narrowed to $16.37 million from $22.77 million year-over-year, benefiting from lower interest expenses and interest income of $2.13 million.Operating expenses increased significantly to $19.46 million from $4.92 million, driven by higher research and development costs of $4.86 million and general administration expenses of $13.42 million. The company ended the quarter with $343.95 million in cash, bolstered by proceeds from the Business Combination closing and warrant exercises.Looking ahead, TMTG plans to roll out streaming content in three phases, having completed Phase 1 with TV streaming now available on Truth Social apps. The company faces ongoing material weaknesses in internal controls and is implementing remediation measures, though full remediation could extend beyond 2024. Management believes current cash position is sufficient to fund operations for at least the next twelve months.
特朗普媒體與科技集團CORP.報告2024年第二季度營業收入爲836,900美元,較2023年第二季度的119萬美元下降了30%,主要由於與廣告合作伙伴的收入分成協議的變化。公司的淨虧損從2277萬美元縮小至1637萬美元,受益於利息費用降低和213萬美元的利息收入。營業費用大幅增加,從492萬美元上升至1946萬美元,主要由於研發費用增加至486萬美元和一般管理費用爲1342萬美元。公司在季度末持有的現金爲34395萬美元,得益於業務合併完成和認股權證行使的收益。展望未來,TMTG計劃分三個階段推出流媒體內容,第一階段已經完成,TV流媒體現已在Truth Social應用上可用。公司面臨內部控制的持續重大缺陷,並正在實施補救措施,儘管完整的補救可能會延續至2024年以後。管理層相信目前的現金狀況足以支持未來至少12個月的運營。
特朗普媒體與科技集團CORP.報告2024年第二季度營業收入爲836,900美元,較2023年第二季度的119萬美元下降了30%,主要由於與廣告合作伙伴的收入分成協議的變化。公司的淨虧損從2277萬美元縮小至1637萬美元,受益於利息費用降低和213萬美元的利息收入。營業費用大幅增加,從492萬美元上升至1946萬美元,主要由於研發費用增加至486萬美元和一般管理費用爲1342萬美元。公司在季度末持有的現金爲34395萬美元,得益於業務合併完成和認股權證行使的收益。展望未來,TMTG計劃分三個階段推出流媒體內容,第一階段已經完成,TV流媒體現已在Truth Social應用上可用。公司面臨內部控制的持續重大缺陷,並正在實施補救措施,儘管完整的補救可能會延續至2024年以後。管理層相信目前的現金狀況足以支持未來至少12個月的運營。
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