share_log

GD Culture Group | 10-Q: Q3 2024 Earnings Report

GD Culture Group | 10-Q: Q3 2024 Earnings Report

GD Culture Group | 10-Q:2024財年三季報
美股SEC公告 ·  2024/11/15 05:36

Moomoo AI 已提取核心訊息

GD Culture Group reported a Q3 2024 net loss of $3.84 million, compared to a $3.53 million loss in Q3 2023. The company recorded no revenue for the quarter, while operating expenses decreased 31.5% to $1.09 million, driven by lower general and administrative costs of $0.87 million. The results were impacted by $2.76 million in impairment losses from convertible notes and intangible assets.The company has shifted its strategic focus to virtual content production through AI-driven digital human creation, live streaming e-commerce, and interactive gaming. Operating expenses included $2,909 in selling expenses and $217,500 in research and development costs as the company increased investments in artificial intelligence marketing and digital human applications.As of September 30, 2024, GD Culture maintained $31,969 in cash with working capital of $1.2 million. The CEO provided a letter of financial support and loans totaling $309,500 to fund operations. Management believes current working capital and support will be sufficient for the next 12 months, though the company plans to raise additional capital.
GD Culture Group reported a Q3 2024 net loss of $3.84 million, compared to a $3.53 million loss in Q3 2023. The company recorded no revenue for the quarter, while operating expenses decreased 31.5% to $1.09 million, driven by lower general and administrative costs of $0.87 million. The results were impacted by $2.76 million in impairment losses from convertible notes and intangible assets.The company has shifted its strategic focus to virtual content production through AI-driven digital human creation, live streaming e-commerce, and interactive gaming. Operating expenses included $2,909 in selling expenses and $217,500 in research and development costs as the company increased investments in artificial intelligence marketing and digital human applications.As of September 30, 2024, GD Culture maintained $31,969 in cash with working capital of $1.2 million. The CEO provided a letter of financial support and loans totaling $309,500 to fund operations. Management believes current working capital and support will be sufficient for the next 12 months, though the company plans to raise additional capital.
GD文化集團報告2024年第三季度淨虧損384萬美元,與2023年第三季度的353萬美元虧損相比有所增加。該公司在本季度沒有營業收入,而營業費用減少了31.5%,降至109萬美元,主要是由於一般和行政成本降低至87萬美元。業績受到可轉換票據和無形資產減值損失276萬美元的影響。該公司已將戰略重心轉向通過人工智能驅動的數字人類創作進行虛擬內容生產、直播電子商務和互動遊戲。營業費用中包括2,909美元的銷售費用和217,500美元的研發成本,因爲公司增加了對人工智能營銷和數字人類應用的投資。截至2024年9月30日,GD文化持有31,969美元的現金,運營資金爲120萬美元。首席執行官提供了總計309,500美元的財務支持和貸款,以資助運營。管理層相信當前的營運資金和壓力位將足以支撐接下來的12個月,儘管公司計劃籌集更多資金。
GD文化集團報告2024年第三季度淨虧損384萬美元,與2023年第三季度的353萬美元虧損相比有所增加。該公司在本季度沒有營業收入,而營業費用減少了31.5%,降至109萬美元,主要是由於一般和行政成本降低至87萬美元。業績受到可轉換票據和無形資產減值損失276萬美元的影響。該公司已將戰略重心轉向通過人工智能驅動的數字人類創作進行虛擬內容生產、直播電子商務和互動遊戲。營業費用中包括2,909美元的銷售費用和217,500美元的研發成本,因爲公司增加了對人工智能營銷和數字人類應用的投資。截至2024年9月30日,GD文化持有31,969美元的現金,運營資金爲120萬美元。首席執行官提供了總計309,500美元的財務支持和貸款,以資助運營。管理層相信當前的營運資金和壓力位將足以支撐接下來的12個月,儘管公司計劃籌集更多資金。
声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息