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10-Q: Q3 2024 Earnings Report

10-Q: Q3 2024 Earnings Report

10-Q:2024財年三季報
美股SEC公告 ·  11/05 17:31

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Verb Technology Company, Inc. reported a significant increase in revenue for the quarter ended September 30, 2024, with a rise from $29 thousand in Q3 2023 to $128 thousand in Q3 2024, marking a 341% year-over-year growth. This increase is attributed to the company's MARKET.live business unit and its partnership with TikTok, as well as revenue from the Go Fund Yourself unit. Operating expenses saw a decrease, with depreciation and amortization costs dropping from $564 thousand to $273 thousand due to extended asset life, and general and administrative expenses reducing by 26% to $2,113 thousand. The company's net loss from continuing operations improved by $1,576 thousand to a loss of $1,965 thousand. Verb Technology's cash position remains strong with $10.5 million in cash and $5.1 million in short-term investments. The company's focus on interactive video-based social commerce and strategic relationships, such as with TikTok, are central to its business development. Looking ahead, Verb Technology plans to continue expanding its MARKET.live platform and leverage its partnerships to drive growth and create shareholder value.
Verb Technology Company, Inc. reported a significant increase in revenue for the quarter ended September 30, 2024, with a rise from $29 thousand in Q3 2023 to $128 thousand in Q3 2024, marking a 341% year-over-year growth. This increase is attributed to the company's MARKET.live business unit and its partnership with TikTok, as well as revenue from the Go Fund Yourself unit. Operating expenses saw a decrease, with depreciation and amortization costs dropping from $564 thousand to $273 thousand due to extended asset life, and general and administrative expenses reducing by 26% to $2,113 thousand. The company's net loss from continuing operations improved by $1,576 thousand to a loss of $1,965 thousand. Verb Technology's cash position remains strong with $10.5 million in cash and $5.1 million in short-term investments. The company's focus on interactive video-based social commerce and strategic relationships, such as with TikTok, are central to its business development. Looking ahead, Verb Technology plans to continue expanding its MARKET.live platform and leverage its partnerships to drive growth and create shareholder value.
Verb Technology 公司報告稱,截至2024年9月30日的第三季度,營業收入顯著增加,從2023年第三季度的2.9萬美元增長到2024年第三季度的12.8萬美元,同比增長341%。這一增長歸因於公司的 MARKEt.live 業務部門及其與抖音的合作,以及來自 Go Fund Yourself 部門的營收。營業費用有所減少,折舊和攤銷費用由56.4萬美元降至27.3萬美元,原因是資產壽命延長,一般和管理費用降低了26%,至211.3萬美元。公司持續經營業務的淨虧損改善了157.6萬美元,虧損達到196.5萬美元。Verb Technology 公司的現金狀況依然強勁,現金1050萬美元,短期投資510萬美元。公司專注於互動視頻社交商業和與抖音等的戰略關係,這是其業務發展的核心。展望未來,Verb Technology 計劃繼續擴大其 MARKEt.live 平台,並利用其合作伙伴關係推動增長,創造股東價值。
Verb Technology 公司報告稱,截至2024年9月30日的第三季度,營業收入顯著增加,從2023年第三季度的2.9萬美元增長到2024年第三季度的12.8萬美元,同比增長341%。這一增長歸因於公司的 MARKEt.live 業務部門及其與抖音的合作,以及來自 Go Fund Yourself 部門的營收。營業費用有所減少,折舊和攤銷費用由56.4萬美元降至27.3萬美元,原因是資產壽命延長,一般和管理費用降低了26%,至211.3萬美元。公司持續經營業務的淨虧損改善了157.6萬美元,虧損達到196.5萬美元。Verb Technology 公司的現金狀況依然強勁,現金1050萬美元,短期投資510萬美元。公司專注於互動視頻社交商業和與抖音等的戰略關係,這是其業務發展的核心。展望未來,Verb Technology 計劃繼續擴大其 MARKEt.live 平台,並利用其合作伙伴關係推動增長,創造股東價值。
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