Summary by Moomoo AI
Ault Alliance, a diversified holding company, reported a significant year-over-year increase in revenue from contracts with customers, reaching $80.993 million for the year ended December 31, 2023. This represents a substantial growth from the previous year's revenue of $30.255 million. The company's financial instruments measured at fair value showed a decrease in total assets from $144.572 million in 2022 to $2.906 million in 2023, while total liabilities measured at fair value increased from $15.743 million in 2022 to $24.227 million in 2023. Ault Alliance's business development included investments in common stock of Alzamend Neuro, Inc., a related party, and marketable equity securities. The company's future plans involve strategic initiatives and investment plans, although specific details were not disclosed in the announcement. Ault Alliance's digital currencies...Show More