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Mynd AI | 6-K: Report of foreign private issuer (related to financial reporting)

Mynd AI | 6-K: Report of foreign private issuer (related to financial reporting)

Mynd AI | 6-K:外國發行人報告(業績相關)
美股SEC公告 ·  2024/08/29 19:55

Moomoo AI 已提取核心訊息

Mynd reported H1 2024 revenue of $166.0M, down 25.4% YoY from $222.5M, primarily due to reduced customer spending amid budget uncertainties. Despite lower revenue, gross margins improved 100 basis points to 27.3% through operational efficiencies. The company posted a net loss of $47.8M compared to $15.7M loss in H1 2023, while Adjusted EBITDA loss narrowed to $5.6M from $6.1M.The improved gross margins resulted from operational enhancements including lower component costs, freight savings from moving U.S. panel assembly to Mexico, and reduced warranty costs due to better product reliability. The company maintained a strong liquidity position with $69.4M in cash reserves and additional credit line availability.Management continues implementing cost-saving measures to navigate education technology market headwinds, focusing on operational streamlining while maintaining market leadership in interactive flat panel displays. The company serves over 1 million learning spaces across 126 countries through its 4,000+ reseller partner network.
Mynd reported H1 2024 revenue of $166.0M, down 25.4% YoY from $222.5M, primarily due to reduced customer spending amid budget uncertainties. Despite lower revenue, gross margins improved 100 basis points to 27.3% through operational efficiencies. The company posted a net loss of $47.8M compared to $15.7M loss in H1 2023, while Adjusted EBITDA loss narrowed to $5.6M from $6.1M.The improved gross margins resulted from operational enhancements including lower component costs, freight savings from moving U.S. panel assembly to Mexico, and reduced warranty costs due to better product reliability. The company maintained a strong liquidity position with $69.4M in cash reserves and additional credit line availability.Management continues implementing cost-saving measures to navigate education technology market headwinds, focusing on operational streamlining while maintaining market leadership in interactive flat panel displays. The company serves over 1 million learning spaces across 126 countries through its 4,000+ reseller partner network.
Mynd報告了2024年上半年的營業收入爲$16600萬,同比下降25.4%,上年爲$22250萬,主要由於預算不確定性導致客戶支出減少。儘管營業收入下降,毛利率通過運營效率提高了100個點子,達到了27.3%。該公司在2024年上半年錄得淨虧損$4780萬,而2023年上半年爲$1570萬的虧損,同時調整後 EBITDA 虧損從$610萬縮小至$560萬。毛利率的改善得益於運營增強,包括組件成本降低、將美國面板組裝轉移到墨西哥節省的交通費用,以及由於產品可靠性提高而減少的保修費用。該公司保持強勁的流動性,現金儲備達到$6940萬,並且有額外的信貸額度可用。管理層繼續實施節省成本的措施,以應對教育科技市場的逆風,集中精力於運營精簡,同時維持在交互式平板顯示器市場的領先地位。該公司通過其4000多家經銷商夥伴網絡爲126個國家的超過100萬學習空間提供服務。
Mynd報告了2024年上半年的營業收入爲$16600萬,同比下降25.4%,上年爲$22250萬,主要由於預算不確定性導致客戶支出減少。儘管營業收入下降,毛利率通過運營效率提高了100個點子,達到了27.3%。該公司在2024年上半年錄得淨虧損$4780萬,而2023年上半年爲$1570萬的虧損,同時調整後 EBITDA 虧損從$610萬縮小至$560萬。毛利率的改善得益於運營增強,包括組件成本降低、將美國面板組裝轉移到墨西哥節省的交通費用,以及由於產品可靠性提高而減少的保修費用。該公司保持強勁的流動性,現金儲備達到$6940萬,並且有額外的信貸額度可用。管理層繼續實施節省成本的措施,以應對教育科技市場的逆風,集中精力於運營精簡,同時維持在交互式平板顯示器市場的領先地位。該公司通過其4000多家經銷商夥伴網絡爲126個國家的超過100萬學習空間提供服務。
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