Summary by Moomoo AI
LQR House Inc., a company operating in the beverage alcohol industry, has released its consolidated financial statements for the years ended December 31, 2023, and 2022. The financial performance of LQR House Inc. shows a net loss of $15,747,724 for the year 2023, compared to a net loss of $1,842,175 for the year 2022. The company's revenue from services was $474,048 in 2023, with an additional $646,574 from product sales, totaling $1,120,622 in revenues. This represents an increase from the total revenues of $601,131 in 2022. However, the cost of revenue exceeded the total revenues, resulting in a gross loss. The company's operating expenses were significant, leading to a substantial loss from operations. LQR House Inc. has raised capital through an initial public offering (IPO) and additional public offerings, totaling approximately...Show More
