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INNO Holdings | 10-Q: Q1 2024 Earnings Report

INNO Holdings | 10-Q: Q1 2024 Earnings Report

INNO Holdings | 10-Q:2024财年一季报
美股SEC公告 ·  2024/02/17 05:02

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INNO Holdings, a Texas-based construction technology company, reported a quarterly revenue of $166,617 for the period ending December 31, 2023, marking a 46% decrease from the $309,001 revenue in the same period of 2022. The company's operating loss was slightly reduced to $809,596 compared to $852,531 in the previous year, primarily due to a decrease in bad debt expense. Net loss for the quarter was $817,264, a 6% improvement from the $871,028 net loss in the prior year. The company's cash position significantly improved, with $7,677,270 on hand as of December 31, 2023, largely due to the net proceeds from a successful initial public offering (IPO) in December 2023. INNO Holdings' business development included entering into an agreement to acquire a building for $14.6 million to expand its market capacity. The company also established a new subsidiary, Inno Disrupts Inc., to focus on research and innovation in new technologies. Looking forward, INNO Holdings plans to increase marketing capabilities, production capacity, and explore strategic opportunities to drive growth.
INNO Holdings, a Texas-based construction technology company, reported a quarterly revenue of $166,617 for the period ending December 31, 2023, marking a 46% decrease from the $309,001 revenue in the same period of 2022. The company's operating loss was slightly reduced to $809,596 compared to $852,531 in the previous year, primarily due to a decrease in bad debt expense. Net loss for the quarter was $817,264, a 6% improvement from the $871,028 net loss in the prior year. The company's cash position significantly improved, with $7,677,270 on hand as of December 31, 2023, largely due to the net proceeds from a successful initial public offering (IPO) in December 2023. INNO Holdings' business development included entering into an agreement to acquire a building for $14.6 million to expand its market capacity. The company also established a new subsidiary, Inno Disrupts Inc., to focus on research and innovation in new technologies. Looking forward, INNO Holdings plans to increase marketing capabilities, production capacity, and explore strategic opportunities to drive growth.
总部位于德克萨斯州的施工科技公司INNO Holdings报告称,截至2023年12月31日的第四季度营业收入为166,617美元,较2022年同期的309,001美元减少了46%。由于坏账费用减少,公司的营业亏损略有降低,为809,596美元,而前一年为852,531美元。本季度的净亏损为817,264美元,较去年同期的871,028美元减少了6%。该公司的现金状况显著改善,截至2023年12月31日,手头上有7,677,270美元,这主要得益于2023年12月成功进行的首次公开募股(IPO)的净收益。INNO Holdings的业务发展包括与一家建筑公司达成协议,以1,460万美元收购一栋建筑物以扩大其市场能力。该公司还成立了新的子公司Inno Disrupts Inc.,专注于新科技的研究和创新。展望未来,INNO Holdings计划增加营销能力、生产能力,并探索战略机遇以推动增长。
总部位于德克萨斯州的施工科技公司INNO Holdings报告称,截至2023年12月31日的第四季度营业收入为166,617美元,较2022年同期的309,001美元减少了46%。由于坏账费用减少,公司的营业亏损略有降低,为809,596美元,而前一年为852,531美元。本季度的净亏损为817,264美元,较去年同期的871,028美元减少了6%。该公司的现金状况显著改善,截至2023年12月31日,手头上有7,677,270美元,这主要得益于2023年12月成功进行的首次公开募股(IPO)的净收益。INNO Holdings的业务发展包括与一家建筑公司达成协议,以1,460万美元收购一栋建筑物以扩大其市场能力。该公司还成立了新的子公司Inno Disrupts Inc.,专注于新科技的研究和创新。展望未来,INNO Holdings计划增加营销能力、生产能力,并探索战略机遇以推动增长。
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