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SinglePoint | 10-Q: Q1 2024 Earnings Report

SinglePoint | 10-Q: Q1 2024 Earnings Report

SinglePoint | 10-Q:2024財年一季報
美股SEC公告 ·  08/29 12:30

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SinglePoint has reported its financial performance for the quarter ending March 31, 2024, with a decrease in total revenue from $5,719,370 in Q1 2023 to $4,136,412 in Q1 2024. The revenue decline was observed across the company's product/service lines, with the services segment dropping from $5,469,096 to $4,136,412 year-on-year. Boston Solar, a subsidiary, also saw a decrease in revenue from $5,437,441 to $4,136,412. The company's common stock issuance increased significantly, with 10,973,313 shares issued and outstanding as of March 31, 2024, compared to 4,351,638 shares at the end of the previous year. SinglePoint entered into an equity financing agreement with GHS Investments LLC, allowing for the purchase of up to $10 million in common stock over 24 months, subject to conditions. The company also issued shares for services and as a result of...Show More
SinglePoint has reported its financial performance for the quarter ending March 31, 2024, with a decrease in total revenue from $5,719,370 in Q1 2023 to $4,136,412 in Q1 2024. The revenue decline was observed across the company's product/service lines, with the services segment dropping from $5,469,096 to $4,136,412 year-on-year. Boston Solar, a subsidiary, also saw a decrease in revenue from $5,437,441 to $4,136,412. The company's common stock issuance increased significantly, with 10,973,313 shares issued and outstanding as of March 31, 2024, compared to 4,351,638 shares at the end of the previous year. SinglePoint entered into an equity financing agreement with GHS Investments LLC, allowing for the purchase of up to $10 million in common stock over 24 months, subject to conditions. The company also issued shares for services and as a result of debt conversion. In terms of business development, SinglePoint is facing challenges with maintaining the minimum bid price requirement for its common stock on the Cboe BZX Exchange and has received notification of non-compliance. The company has until August 26, 2024, to regain compliance with the minimum bid price requirement and until June 16, 2024, to submit a plan to regain compliance with the timely filing requirement for its Form 10-K.
SinglePoint報告了截至2024年3月31日的季度財務表現,總營業收入從2023年第一季度的$5,719,370下降到2024年第一季度的$4,136,412。營收下降觀察到公司的產品/服務線路,服務部門同比下降從$5,469,096到$4,136,412。子公司波士頓太陽能的收入也從$5,437,441下降到$4,136,412。公司的普通股發行數量大幅增加,截至2024年3月31日,已發行和未銷售的股份達到10,973,313股,而上一年底爲4,351,638股。SinglePoint與GHS Investments LLC達成了股權融資協議,允許在24個月內購買多達$10 mil...展開全部
SinglePoint報告了截至2024年3月31日的季度財務表現,總營業收入從2023年第一季度的$5,719,370下降到2024年第一季度的$4,136,412。營收下降觀察到公司的產品/服務線路,服務部門同比下降從$5,469,096到$4,136,412。子公司波士頓太陽能的收入也從$5,437,441下降到$4,136,412。公司的普通股發行數量大幅增加,截至2024年3月31日,已發行和未銷售的股份達到10,973,313股,而上一年底爲4,351,638股。SinglePoint與GHS Investments LLC達成了股權融資協議,允許在24個月內購買多達$10 million美元的普通股,但需要滿足一定條件。公司還發行股份用於服務,並且因債務轉換導致股份發行。在業務發展方面,SinglePoint面臨着維持Cboe BZX交易所對其普通股最低買盤價格要求的挑戰,並收到了不符合通知。公司需要在2024年8月26日之前恢復符合最低買盤價格要求,並在2024年6月16日之前提交一項恢復符合及時提交Form 10-k要求的計劃。
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