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Minim | 10-Q: Q1 2024 Earnings Report

ミニム | 10-Q:Q1 2024 四半期報告書

SEC ·  05/21 05:06

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Minim, Inc. reported a significant year-over-year decline in financial performance for the quarter ended March 31, 2024. Net sales plummeted by 94% to $639,893 from $10,751,785 in the previous year, primarily due to decreased sales of Motorola branded cable modems and gateways. The company's gross profit followed suit, dropping by 92.1% to $207,259. Operating expenses saw a decrease, with selling and marketing expenses falling by 99.4% to $21,037, general and administrative expenses by 23.2% to $1,018,516, and research and development expenses by 95.1% to $72,430. Despite these reductions, the company incurred a net loss of $3,258,955, which was slightly improved from the $4,070,457 loss reported in the same quarter of the previous year. The company's future plans include a merger agreement with e2Companies LLC, which is expected to result in e2Companies becoming the surviving entity and holders of e2Companies' common units receiving 97% of the issued and outstanding shares of Minim. The merger is subject to conditions including Nasdaq listing approval and stockholder consent. Minim's liquidity concerns persist as management acknowledges the need for additional financing to continue operations beyond the next 12 months.
Minim, Inc. reported a significant year-over-year decline in financial performance for the quarter ended March 31, 2024. Net sales plummeted by 94% to $639,893 from $10,751,785 in the previous year, primarily due to decreased sales of Motorola branded cable modems and gateways. The company's gross profit followed suit, dropping by 92.1% to $207,259. Operating expenses saw a decrease, with selling and marketing expenses falling by 99.4% to $21,037, general and administrative expenses by 23.2% to $1,018,516, and research and development expenses by 95.1% to $72,430. Despite these reductions, the company incurred a net loss of $3,258,955, which was slightly improved from the $4,070,457 loss reported in the same quarter of the previous year. The company's future plans include a merger agreement with e2Companies LLC, which is expected to result in e2Companies becoming the surviving entity and holders of e2Companies' common units receiving 97% of the issued and outstanding shares of Minim. The merger is subject to conditions including Nasdaq listing approval and stockholder consent. Minim's liquidity concerns persist as management acknowledges the need for additional financing to continue operations beyond the next 12 months.
2024年3月31日に終了した四半期において、Minim, Inc.は財務パフォーマンスに大きく悪影響を受け、年間比で大幅な減少を報告しました。ネットセールスは前年比で94%減の$639,893に急落し、主にMotorolaブランドのケーブルモデムおよびゲートウェイの販売減少が原因です。同社の粗利益も92.1%減の$207,259となりました。営業費用は減少し、販売およびマーケティング費用は99.4%減の$21,037、一般管理費用は23.2%減の$1,018,516、研究開発費用は95.1%減の$72,430となりました。これらの削減にもかかわらず、同社は$3,258,955の純損失を計上し...すべて展開
2024年3月31日に終了した四半期において、Minim, Inc.は財務パフォーマンスに大きく悪影響を受け、年間比で大幅な減少を報告しました。ネットセールスは前年比で94%減の$639,893に急落し、主にMotorolaブランドのケーブルモデムおよびゲートウェイの販売減少が原因です。同社の粗利益も92.1%減の$207,259となりました。営業費用は減少し、販売およびマーケティング費用は99.4%減の$21,037、一般管理費用は23.2%減の$1,018,516、研究開発費用は95.1%減の$72,430となりました。これらの削減にもかかわらず、同社は$3,258,955の純損失を計上し、前年同四半期の$4,070,457の損失よりもわずかに改善されました。同社の将来計画には、e2Companies LLCとの合併契約が含まれ、e2Companiesが存続するエンティティとなり、e2Companiesの一般ユニットの保有者が発行済み株式の97%を受け取ることが予想されています。この合併は、Nasdaqの承認および株主の同意などの条件により制限されます。Minimの流動性の懸念は継続し、経営陣は次の12ヶ月を超えた事業継続のために追加資金調達が必要であることを認めています。
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