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Mangoceuticals | 10-Q: Q2 2024 Earnings Report

Mangoceuticals | 10-Q: Q2 2024 Earnings Report

Mangoceuticals | 10-Q:2024財年二季報
美股SEC公告 ·  2024/08/14 17:20

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Mangoceuticals reported Q2 2024 revenue of $163,163, up 15.5% year-over-year, driven by increased digital marketing efforts and recurring customer subscriptions. Gross profit was $69,792, down from $87,130 in Q2 2023 due to higher shipping costs and promotional discounts. Cost of revenues increased to $93,371 from $54,107 last year, correlating with higher product sales.Operating expenses totaled $2.24 million, with significant investments in legal fees of $165,368, software development of $239,520, and stock-based compensation of $859,380. Marketing expenses decreased to $229,244 from $797,263 last year as the company optimized its advertising strategy. General and administrative expenses rose to $850,704 from $567,655 in Q2 2023.The company ended the quarter with $490,243 in cash and reported a net loss of $2.39 million compared to $2.28 million in Q2 2023. Management secured additional funding through preferred stock offerings and equity purchase agreements to support operations and growth initiatives. The company also acquired key patents related to infection prevention technologies for $20 million through a combination of preferred stock and cash payments.
Mangoceuticals reported Q2 2024 revenue of $163,163, up 15.5% year-over-year, driven by increased digital marketing efforts and recurring customer subscriptions. Gross profit was $69,792, down from $87,130 in Q2 2023 due to higher shipping costs and promotional discounts. Cost of revenues increased to $93,371 from $54,107 last year, correlating with higher product sales.Operating expenses totaled $2.24 million, with significant investments in legal fees of $165,368, software development of $239,520, and stock-based compensation of $859,380. Marketing expenses decreased to $229,244 from $797,263 last year as the company optimized its advertising strategy. General and administrative expenses rose to $850,704 from $567,655 in Q2 2023.The company ended the quarter with $490,243 in cash and reported a net loss of $2.39 million compared to $2.28 million in Q2 2023. Management secured additional funding through preferred stock offerings and equity purchase agreements to support operations and growth initiatives. The company also acquired key patents related to infection prevention technologies for $20 million through a combination of preferred stock and cash payments.
Mangoceuticals報告2024年第二季度營業收入爲163,163美元,同比增長15.5%, driven by增加的數字營銷力度和重複客戶訂閱。毛利潤爲69,792美元,低於2023年第二季度的87,130美元,因交通成本和促銷折扣上升。營業收入成本從去年的54,107美元增加到93,371美元,與產品銷售的增長相關。營業費用總計224萬,法律費用165,368美元、軟件開發239,520美元和基於股票的補償859,380美元的投資佔比重。由於公司優化了廣告策略,營銷費用從去年的797,263美元降低至229,244美元。2023年第二季度的綜合管理費用從567,655美元上升至85...展開全部
Mangoceuticals報告2024年第二季度營業收入爲163,163美元,同比增長15.5%, driven by增加的數字營銷力度和重複客戶訂閱。毛利潤爲69,792美元,低於2023年第二季度的87,130美元,因交通成本和促銷折扣上升。營業收入成本從去年的54,107美元增加到93,371美元,與產品銷售的增長相關。營業費用總計224萬,法律費用165,368美元、軟件開發239,520美元和基於股票的補償859,380美元的投資佔比重。由於公司優化了廣告策略,營銷費用從去年的797,263美元降低至229,244美元。2023年第二季度的綜合管理費用從567,655美元上升至850,704美元。公司以490,243美元的現金結束了這一季度,並報告了239萬的淨虧損,相比之下,2023年第二季度爲228萬。管理層通過優先股發行和股權購買協議獲得額外資金,以支持營業費用和增長計劃。公司還以2,000萬的價格通過優先股和現金支付收購了與感染預防技術相關的關鍵專利。
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