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Asset Entities | 10-Q: Q2 2024 Earnings Report

Asset Entities | 10-Q: Q2 2024 Earnings Report

Asset Entities | 10-Q:2024財年二季報
美股SEC公告 ·  2024/08/15 04:22

Moomoo AI 已提取核心訊息

Asset Entities reported Q2 2024 revenues of $92,966, up 24.1% from $74,912 in Q2 2023, driven by increased Discord server paying subscribers including the OptionsSwing server acquired in November 2023. Operating expenses rose 30.3% to $1.8 million, primarily due to higher advertising, marketing, payroll and administrative costs. Net loss widened to $1.7 million compared to $1.3 million in Q2 2023.For the first half of 2024, revenues grew 60.1% to $217,807, while net loss increased 30.1% to $3.1 million. The company ended Q2 with cash of $1.9 million, down from $2.9 million at year-end 2023. During the quarter, Asset Entities completed a $1.5 million private placement of Series A Convertible Preferred Stock.Management continues to invest in growth initiatives including corporate infrastructure, marketing of Discord communities, and expansion of social media services. Based on existing cash resources and expected new financing proceeds, the company believes it has sufficient funds to support planned operations through June 2025. The company also acquired TommyBoyTV's Discord development and social media assets for $200,000 in cash plus stock consideration.
Asset Entities reported Q2 2024 revenues of $92,966, up 24.1% from $74,912 in Q2 2023, driven by increased Discord server paying subscribers including the OptionsSwing server acquired in November 2023. Operating expenses rose 30.3% to $1.8 million, primarily due to higher advertising, marketing, payroll and administrative costs. Net loss widened to $1.7 million compared to $1.3 million in Q2 2023.For the first half of 2024, revenues grew 60.1% to $217,807, while net loss increased 30.1% to $3.1 million. The company ended Q2 with cash of $1.9 million, down from $2.9 million at year-end 2023. During the quarter, Asset Entities completed a $1.5 million private placement of Series A Convertible Preferred Stock.Management continues to invest in growth initiatives including corporate infrastructure, marketing of Discord communities, and expansion of social media services. Based on existing cash resources and expected new financing proceeds, the company believes it has sufficient funds to support planned operations through June 2025. The company also acquired TommyBoyTV's Discord development and social media assets for $200,000 in cash plus stock consideration.
資產實體報告稱2024年第二季度收入爲$92,966,比2023年第二季度的$74,912增長了24.1%,這得益於包括在2023年11月收購的OptionsSwing服務器在內的Discord服務器付費訂閱用戶增加。營業費用上升了30.3%,達到$180萬,主要由於廣告、營銷、薪資和行政成本的增加。淨虧損擴大至$170萬,而2023年第二季度爲$130萬。2024年上半年,收入增長了60.1%,達到$217,807,而淨虧損增加了30.1%,達到$310萬。公司在2024年第二季度末的現金爲$190萬,低於2023年年末的$290萬。在本季度,資產實體完成了150萬美元的定向增發A系列可轉換...展開全部
資產實體報告稱2024年第二季度收入爲$92,966,比2023年第二季度的$74,912增長了24.1%,這得益於包括在2023年11月收購的OptionsSwing服務器在內的Discord服務器付費訂閱用戶增加。營業費用上升了30.3%,達到$180萬,主要由於廣告、營銷、薪資和行政成本的增加。淨虧損擴大至$170萬,而2023年第二季度爲$130萬。2024年上半年,收入增長了60.1%,達到$217,807,而淨虧損增加了30.1%,達到$310萬。公司在2024年第二季度末的現金爲$190萬,低於2023年年末的$290萬。在本季度,資產實體完成了150萬美元的定向增發A系列可轉換優先股。管理層繼續投資於增長倡議,包括企業基礎設施、Discord社區的營銷,以及社交媒體服務的擴展。根據現有的現金資源和預計的新融資收益,公司相信有足夠的資金支持計劃的運營,直到2025年6月。公司還以200,000美元現金加股票對價收購了TommyBoyTV的Discord開發和社交媒體資產。
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