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Serve Robotics | 10-Q: Q2 2024 Earnings Report

Serve Robotics | 10-Q: Q2 2024 Earnings Report

Serve Robotics | 10-Q:2024財年二季報
美股SEC公告 ·  08/14 04:35

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Serve Robotics reported Q2 2024 financial results, with revenue soaring 655% YoY to $468,375. The company's net loss widened to $9,037,367 from $4,966,256 in Q2 2023. The revenue growth was primarily driven by $300,000 from a new software services contract with Magna, alongside increases in delivery and branding revenues.Research and development expenses, comprising 67% of total operating expenses, jumped 172% YoY to $5.79 million. This increase was largely due to $2.10 million in stock compensation related to the Magna Warrant, as well as higher headcount and software costs. General and administrative expenses rose 93% to $1.87 million, reflecting additional public company costs.Serve Robotics completed a public offering in April 2024, raising net proceeds of approximately $35.8 million. The company also entered into a strategic partnership with Magna, issuing a warrant for up to 2,145,000 shares. Despite the revenue growth, Serve anticipates continued operating losses in 2024 and 2025 as it implements its long-term strategic plan to scale its robotic fleet and expand into new markets.
Serve Robotics reported Q2 2024 financial results, with revenue soaring 655% YoY to $468,375. The company's net loss widened to $9,037,367 from $4,966,256 in Q2 2023. The revenue growth was primarily driven by $300,000 from a new software services contract with Magna, alongside increases in delivery and branding revenues.Research and development expenses, comprising 67% of total operating expenses, jumped 172% YoY to $5.79 million. This increase was largely due to $2.10 million in stock compensation related to the Magna Warrant, as well as higher headcount and software costs. General and administrative expenses rose 93% to $1.87 million, reflecting additional public company costs.Serve Robotics completed a public offering in April 2024, raising net proceeds of approximately $35.8 million. The company also entered into a strategic partnership with Magna, issuing a warrant for up to 2,145,000 shares. Despite the revenue growth, Serve anticipates continued operating losses in 2024 and 2025 as it implements its long-term strategic plan to scale its robotic fleet and expand into new markets.
Serve Robotics 發佈了 2024 年第二季度的財務結果,營業收入同比飆升 655% 達到 468,375 美元。公司的淨虧損從 2023 年第二季度的 4,966,256 美元擴大至 9,037,367 美元。營業收入的增長主要得益於與 Magna 簽訂的新軟體服務合同帶來的 300,000 美元,以及配送和品牌收入的增加。研究和開發費用佔總營業費用的 67%,同比增長 172% 達到 579萬。此次增長主要由於與 Magna Warrant 相關的 210萬股權補償,以及員工人數和軟體成本的增加。一般和行政費用增長 93% 達到 187萬,反映了額外的上市公司成本。Serve ...展開全部
Serve Robotics 發佈了 2024 年第二季度的財務結果,營業收入同比飆升 655% 達到 468,375 美元。公司的淨虧損從 2023 年第二季度的 4,966,256 美元擴大至 9,037,367 美元。營業收入的增長主要得益於與 Magna 簽訂的新軟體服務合同帶來的 300,000 美元,以及配送和品牌收入的增加。研究和開發費用佔總營業費用的 67%,同比增長 172% 達到 579萬。此次增長主要由於與 Magna Warrant 相關的 210萬股權補償,以及員工人數和軟體成本的增加。一般和行政費用增長 93% 達到 187萬,反映了額外的上市公司成本。Serve Robotics 於 2024 年 4 月完成了公開募股,籌集淨收益約爲 3580萬美元。公司還與 Magna 達成了戰略合作伙伴關係,發佈了一項最多可購買 2,145,000 股的認股權證。儘管營業收入增長,Serve 預計在 2024 和 2025 年仍將面臨持續的營業虧損,因爲它實施其長期戰略計劃,以擴大其機器人車隊並進入新市場。
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