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20-F/A: Registration statement / Annual report / Transition report (Amendment)

20-F/A: Registration statement / Annual report / Transition report (Amendment)

20-F/A:年度報告/過渡報告/註冊聲明(修正)
美股SEC公告 ·  2024/10/22 23:28

Moomoo AI 已提取核心訊息

HUB Cyber Security reported a 15% YoY decline in revenue to $42.7M for FY2023, with Professional Services generating $41.6M and Products/Technology contributing $1.1M. The company's net loss widened to $86.6M from $80M in 2022, while operating loss slightly improved to $77.7M. Israel remained the dominant market, accounting for 94.6% of total revenue at $40.4M.The company has undertaken several strategic initiatives in early 2024, including the acquisition of Qpoint Technologies for NIS 25M and securing a $10M funding through notes and warrants. A $6M credit line agreement was established with Blackswan Technologies to address immediate liquidity needs. The company is also negotiating a debt arrangement with Comsec creditors.Facing significant financial challenges, HUB Cyber Security is implementing cost reduction measures and renegotiating loan agreements. The company acknowledges material uncertainties about its ability to continue as a going concern, with negative working capital of $54.3M and multiple pending legal proceedings, including insolvency proceedings initiated by Dominion in April 2024.
HUB Cyber Security reported a 15% YoY decline in revenue to $42.7M for FY2023, with Professional Services generating $41.6M and Products/Technology contributing $1.1M. The company's net loss widened to $86.6M from $80M in 2022, while operating loss slightly improved to $77.7M. Israel remained the dominant market, accounting for 94.6% of total revenue at $40.4M.The company has undertaken several strategic initiatives in early 2024, including the acquisition of Qpoint Technologies for NIS 25M and securing a $10M funding through notes and warrants. A $6M credit line agreement was established with Blackswan Technologies to address immediate liquidity needs. The company is also negotiating a debt arrangement with Comsec creditors.Facing significant financial challenges, HUB Cyber Security is implementing cost reduction measures and renegotiating loan agreements. The company acknowledges material uncertainties about its ability to continue as a going concern, with negative working capital of $54.3M and multiple pending legal proceedings, including insolvency proceedings initiated by Dominion in April 2024.
HUb安防報告2023財年的營業收入同比下降15%,降至4270萬美元,其中專業服務產生了4160萬美元,產品/科技貢獻了110萬美元。公司的淨虧損從2022年的8000萬美元擴大到8660萬美元,同時經營虧損略有改善,降至7770萬美元。以色列仍然是主導市場,佔總營業收入的94.6%,即4040萬美元。該公司在2024年初採取了一些戰略舉措,包括以2500萬新謝克爾收購Qpoint科技,並通過票據和Warrants獲得1000萬美元的資金。爲了應對即時流動性需求,與Blackswan科技建立了600萬美元的信用額度協議。公司還在與Comsec債權人協商債務安排。面對重大的財務挑戰,HUb安防正在實施成本削減措施並重新談判貸款協議。該公司承認其繼續作爲一家持續經營實體的能力存在重大不確定性,流動負債爲負5430萬美元,並面臨多項待決法律程序,包括2024年4月由Dominion啓動的破產程序。
HUb安防報告2023財年的營業收入同比下降15%,降至4270萬美元,其中專業服務產生了4160萬美元,產品/科技貢獻了110萬美元。公司的淨虧損從2022年的8000萬美元擴大到8660萬美元,同時經營虧損略有改善,降至7770萬美元。以色列仍然是主導市場,佔總營業收入的94.6%,即4040萬美元。該公司在2024年初採取了一些戰略舉措,包括以2500萬新謝克爾收購Qpoint科技,並通過票據和Warrants獲得1000萬美元的資金。爲了應對即時流動性需求,與Blackswan科技建立了600萬美元的信用額度協議。公司還在與Comsec債權人協商債務安排。面對重大的財務挑戰,HUb安防正在實施成本削減措施並重新談判貸款協議。該公司承認其繼續作爲一家持續經營實體的能力存在重大不確定性,流動負債爲負5430萬美元,並面臨多項待決法律程序,包括2024年4月由Dominion啓動的破產程序。
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