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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 13:31

Moomoo AI 已提取核心訊息

Jet.AI reported Q2 2024 revenue of $3.1 million, a 10% increase from $2.8 million in Q2 2023, driven by a $500,000 rise in aircraft management services revenue and increased chartering of its Citation CJ4. However, the company's gross loss widened to $417,000 from $201,000 year-over-year, primarily due to reduced jet card customer flights without corresponding fixed cost reductions.Operating expenses increased by $556,000 to $2.8 million, mainly due to higher professional service expenses of $364,000 related to legal costs and SEC filings, along with increased wages of $294,000 from expanded headcount. The operating loss expanded to $3.2 million from $2.4 million in Q2 2023, reflecting higher administrative costs post-Business Combination.As of June 30, 2024, cash and equivalents stood at $528,117, including $500,000 restricted cash. The company raised approximately $1.7 million through share issuances and $1.5 million from preferred stock sales during Q2. Management plans to fund operations through existing facilities while pursuing cost reduction measures if needed, though additional capital may be required for growth.
Jet.AI reported Q2 2024 revenue of $3.1 million, a 10% increase from $2.8 million in Q2 2023, driven by a $500,000 rise in aircraft management services revenue and increased chartering of its Citation CJ4. However, the company's gross loss widened to $417,000 from $201,000 year-over-year, primarily due to reduced jet card customer flights without corresponding fixed cost reductions.Operating expenses increased by $556,000 to $2.8 million, mainly due to higher professional service expenses of $364,000 related to legal costs and SEC filings, along with increased wages of $294,000 from expanded headcount. The operating loss expanded to $3.2 million from $2.4 million in Q2 2023, reflecting higher administrative costs post-Business Combination.As of June 30, 2024, cash and equivalents stood at $528,117, including $500,000 restricted cash. The company raised approximately $1.7 million through share issuances and $1.5 million from preferred stock sales during Q2. Management plans to fund operations through existing facilities while pursuing cost reduction measures if needed, though additional capital may be required for growth.
Jet.AI報告稱2024年第二季度營業收入爲310萬美元,比2023年第二季度的280萬美元增長了10%,這主要得益於飛機管理服務收入增加50萬美元以及其Citation CJ4的包機量提升。然而,公司總虧損擴大至417,000美元,去年同期爲201,000美元,主要是由於飛行卡客戶航班減少而未能相應減少固定成本。營業費用增加了556,000美元,達到280萬美元,主要是與法律費用和證券交易委員會備案相關的專業服務費用增加了364,000美元,以及由於員工人數增加而導致的工資增加294,000美元。營業虧損從2023年第二季度的240萬美元擴大至320萬美元,反映出商業合併後行政成本的上升。展開全部
Jet.AI報告稱2024年第二季度營業收入爲310萬美元,比2023年第二季度的280萬美元增長了10%,這主要得益於飛機管理服務收入增加50萬美元以及其Citation CJ4的包機量提升。然而,公司總虧損擴大至417,000美元,去年同期爲201,000美元,主要是由於飛行卡客戶航班減少而未能相應減少固定成本。營業費用增加了556,000美元,達到280萬美元,主要是與法律費用和證券交易委員會備案相關的專業服務費用增加了364,000美元,以及由於員工人數增加而導致的工資增加294,000美元。營業虧損從2023年第二季度的240萬美元擴大至320萬美元,反映出商業合併後行政成本的上升。截至2024年6月30日,公司現金及現金等價物爲528,117美元,其中包括500,000美元的限制現金。公司通過發行股票籌集了約170萬美元,並通過優先股銷售籌集了150萬美元。管理層計劃通過現有資金來資助運營,並在必要時採取成本削減措施,雖然可能需要額外資金以支持增長。
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