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Nxu Inc | 10-Q: Q3 2024 Earnings Report

Nxu Inc | 10-Q: Q3 2024 Earnings Report

Nxu Inc | 10-Q:2024財年三季報
美股SEC公告 ·  2024/11/14 00:38

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Nxu Inc. reported Q3 2024 financial results with revenue of $6,000 and a net loss of $5 million, compared to a net loss of $10.4 million in Q3 2023. Operating expenses decreased significantly to $3.1 million from $11.3 million year-over-year, primarily due to reduced research and development costs and lower general administrative expenses.The company ended the quarter with $2.2 million in cash and announced a definitive merger agreement with Verde Bioresins on October 23, 2024. Under the agreement, Verde shareholders will own approximately 95% of the combined company while Nxu shareholders will retain about 5%. The merger is expected to close by March 31, 2025, subject to shareholder and regulatory approvals.Management continues to implement cost-saving measures including headcount reductions and asset sales. The company raised $10.7 million through ATM offerings during the first nine months of 2024 but noted substantial doubt about its ability to continue as a going concern without additional funding. The merger with Verde is viewed as a strategic alternative to enhance shareholder value.
Nxu Inc. reported Q3 2024 financial results with revenue of $6,000 and a net loss of $5 million, compared to a net loss of $10.4 million in Q3 2023. Operating expenses decreased significantly to $3.1 million from $11.3 million year-over-year, primarily due to reduced research and development costs and lower general administrative expenses.The company ended the quarter with $2.2 million in cash and announced a definitive merger agreement with Verde Bioresins on October 23, 2024. Under the agreement, Verde shareholders will own approximately 95% of the combined company while Nxu shareholders will retain about 5%. The merger is expected to close by March 31, 2025, subject to shareholder and regulatory approvals.Management continues to implement cost-saving measures including headcount reductions and asset sales. The company raised $10.7 million through ATM offerings during the first nine months of 2024 but noted substantial doubt about its ability to continue as a going concern without additional funding. The merger with Verde is viewed as a strategic alternative to enhance shareholder value.
Nxu Inc. 報告了2024年第三季度的財務結果,營業收入爲6,000美元,淨虧損爲500萬,與2023年第三季度的淨虧損1,040萬相比有所改善。營業費用從上年的1,130萬顯著減少至310萬,主要是由於研發成本的降低和一般管理費用的減少。公司在季度末現金餘額爲220萬,並於2024年10月23日宣佈與Verde Bioresins達成最終合併協議。根據協議,Verde股東將擁有合併公司約95%的股份,而Nxu股東將保留約5%的股份。預計合併將於2025年3月31日前完成,需經過股東和監管機構的批准。管理層繼續實施成本節約措施,包括裁員和資產出售。公司在2024年前九個月通過ATm發行籌集了1,070萬,但表示在沒有額外資金的情況下繼續作爲持續經營的公司存在重大疑慮。與Verde的合併被視爲增強股東價值的戰略替代方案。
Nxu Inc. 報告了2024年第三季度的財務結果,營業收入爲6,000美元,淨虧損爲500萬,與2023年第三季度的淨虧損1,040萬相比有所改善。營業費用從上年的1,130萬顯著減少至310萬,主要是由於研發成本的降低和一般管理費用的減少。公司在季度末現金餘額爲220萬,並於2024年10月23日宣佈與Verde Bioresins達成最終合併協議。根據協議,Verde股東將擁有合併公司約95%的股份,而Nxu股東將保留約5%的股份。預計合併將於2025年3月31日前完成,需經過股東和監管機構的批准。管理層繼續實施成本節約措施,包括裁員和資產出售。公司在2024年前九個月通過ATm發行籌集了1,070萬,但表示在沒有額外資金的情況下繼續作爲持續經營的公司存在重大疑慮。與Verde的合併被視爲增強股東價值的戰略替代方案。
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