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10-Q: Q2 2024 Earnings Report

10-Q: Q2 2024 Earnings Report

10-Q:2024財年二季報
美股SEC公告 ·  2024/08/14 20:14

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Agape ATP Corporation reported Q2 2024 revenue of $313,039, representing a 3% increase from $303,935 in Q2 2023. The growth was driven by a 33.1% increase in complementary health therapies revenue to $230,536, which offset a 67.7% decline in network marketing business revenue due to limited product range availability.Gross profit margin decreased to 61.8% from 64.5% year-over-year, while operating expenses increased 16.5% to $647,146, primarily due to higher general and administrative expenses from director compensation and Nasdaq listing fees. The company recorded other income of $31,110 compared to expenses of $22,355 in the prior year period.Net loss widened to $432,315 from $379,449 in Q2 2023. As of June 30, 2024, the company maintained a strong liquidity position with $3.16 million in cash and cash equivalents, though down from $4.83 million at year-end 2023. Management continues to focus on expanding its complementary health therapies business while working to address challenges in the network marketing segment.
Agape ATP Corporation reported Q2 2024 revenue of $313,039, representing a 3% increase from $303,935 in Q2 2023. The growth was driven by a 33.1% increase in complementary health therapies revenue to $230,536, which offset a 67.7% decline in network marketing business revenue due to limited product range availability.Gross profit margin decreased to 61.8% from 64.5% year-over-year, while operating expenses increased 16.5% to $647,146, primarily due to higher general and administrative expenses from director compensation and Nasdaq listing fees. The company recorded other income of $31,110 compared to expenses of $22,355 in the prior year period.Net loss widened to $432,315 from $379,449 in Q2 2023. As of June 30, 2024, the company maintained a strong liquidity position with $3.16 million in cash and cash equivalents, though down from $4.83 million at year-end 2023. Management continues to focus on expanding its complementary health therapies business while working to address challenges in the network marketing segment.
Agape ATP公司報告了2024年第二季度營業收入爲313,039美元,比2023年第二季度的303,935美元增長了3%。這一增長得益於互補健康療法營業收入增長33.1%,達到了230,536美元,彌補了由於產品範圍有限導致的網絡營銷業務營業收入下降67.7%。毛利潤率從去年的64.5%降至61.8%,而營業費用則增加了16.5%,達到了647,146美元,主要是由於董事薪酬和納斯達克上市費用導致的一般和管理費用增加。公司記錄了31,110美元的其他收入,而去年同期的費用爲22,355美元。淨虧損從2023年第二季度的379,449美元擴大至432,315美元。截至2024年6月30日,公司仍保持強大的流動性,現金及現金等價物爲316萬,但較2023年年底的483萬有所下降。管理層繼續專注於擴展其互補健康療法業務,同時努力解決網絡營銷部門面臨的挑戰。
Agape ATP公司報告了2024年第二季度營業收入爲313,039美元,比2023年第二季度的303,935美元增長了3%。這一增長得益於互補健康療法營業收入增長33.1%,達到了230,536美元,彌補了由於產品範圍有限導致的網絡營銷業務營業收入下降67.7%。毛利潤率從去年的64.5%降至61.8%,而營業費用則增加了16.5%,達到了647,146美元,主要是由於董事薪酬和納斯達克上市費用導致的一般和管理費用增加。公司記錄了31,110美元的其他收入,而去年同期的費用爲22,355美元。淨虧損從2023年第二季度的379,449美元擴大至432,315美元。截至2024年6月30日,公司仍保持強大的流動性,現金及現金等價物爲316萬,但較2023年年底的483萬有所下降。管理層繼續專注於擴展其互補健康療法業務,同時努力解決網絡營銷部門面臨的挑戰。
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