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Serve Robotics | 10-Q: Q3 2024 Earnings Report

Serve Robotics | 10-Q: Q3 2024 Earnings Report

Serve Robotics | 10-Q:2024財年三季報
美股SEC公告 ·  11/07 16:26

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Serve Robotics reported Q3 2024 revenue of $221,555, up 254% year-over-year, driven by increased delivery and branding revenue. Net loss widened to $7.99 million from $7.65 million in Q3 2023. Cost of revenues decreased 34% to $377,304, while operating expenses rose 64% to $8.29 million due to higher headcount and stock-based compensation.Research and development expenses increased 69% to $5.01 million, including $1.12 million in stock compensation related to the Magna Warrant. General and administrative expenses grew 39% to $1.98 million on increased headcount and public company costs. The company reported $448,854 in net interest income, compared to $1.48 million in interest expense last year.Serve Robotics continues to focus on scaling its robotic fleet and expanding geographic coverage beyond Los Angeles. The company expects continued operating losses in 2024 and 2025 as it implements its long-term strategic plan, including increased R&D spending and headcount growth to achieve efficiencies through scaled operations.
Serve Robotics reported Q3 2024 revenue of $221,555, up 254% year-over-year, driven by increased delivery and branding revenue. Net loss widened to $7.99 million from $7.65 million in Q3 2023. Cost of revenues decreased 34% to $377,304, while operating expenses rose 64% to $8.29 million due to higher headcount and stock-based compensation.Research and development expenses increased 69% to $5.01 million, including $1.12 million in stock compensation related to the Magna Warrant. General and administrative expenses grew 39% to $1.98 million on increased headcount and public company costs. The company reported $448,854 in net interest income, compared to $1.48 million in interest expense last year.Serve Robotics continues to focus on scaling its robotic fleet and expanding geographic coverage beyond Los Angeles. The company expects continued operating losses in 2024 and 2025 as it implements its long-term strategic plan, including increased R&D spending and headcount growth to achieve efficiencies through scaled operations.
Serve Robotics報告稱2024年第三季度營業收入爲221,555美元,同比增長254%,主要得益於送貨和品牌收入的增加。淨虧損擴大至799萬,較2023年第三季度的765萬有所增加。收入成本下降34%至377,304美元,而由於人力增加和股份薪酬,營業費用上漲64%至829萬。研發費用增長69%至501萬,包括與Magna認股權證相關的112萬股權補償。由於人力增加和上市公司費用,綜合管理費用增長39%至198萬。公司報告的淨利息收入爲448,854美元,而去年利息支出爲148萬。Serve Robotics繼續專注於擴展其機器人車隊和地理覆蓋範圍,超越洛杉磯。公司預計在2024年和2025年將持續出現營業虧損,因爲它在實施其長期戰略計劃時,包括增加研發支出和人力增長,以通過規模化運營實現效率。
Serve Robotics報告稱2024年第三季度營業收入爲221,555美元,同比增長254%,主要得益於送貨和品牌收入的增加。淨虧損擴大至799萬,較2023年第三季度的765萬有所增加。收入成本下降34%至377,304美元,而由於人力增加和股份薪酬,營業費用上漲64%至829萬。研發費用增長69%至501萬,包括與Magna認股權證相關的112萬股權補償。由於人力增加和上市公司費用,綜合管理費用增長39%至198萬。公司報告的淨利息收入爲448,854美元,而去年利息支出爲148萬。Serve Robotics繼續專注於擴展其機器人車隊和地理覆蓋範圍,超越洛杉磯。公司預計在2024年和2025年將持續出現營業虧損,因爲它在實施其長期戰略計劃時,包括增加研發支出和人力增長,以通過規模化運營實現效率。
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