Summary by Moomoo AI
Safety Shot, Inc. (Safety Shot) reported its financial performance for the quarter ended June 30, 2024, revealing a net loss of $8,274,094, a significant increase from the net loss of $359,591 in the same period in 2023. The company's revenue from sales was $710,240 for the quarter, compared to $23,305 in the previous year. However, the cost of sales exceeded the revenue, resulting in a gross profit of $205,712, which was overshadowed by substantial operating expenses totaling $8,618,618. The diluted net loss per share was $0.16, compared to a loss of $0.01 per share in 2023. Safety Shot's total assets decreased to $10,694,624 from $12,709,180 at the end of 2023, while total liabilities increased slightly to $4,225,173 from $3,892,044. The company's cash position also weakened, with cash on hand decreasing from $3,833,349 to $3,223,783. In terms...Show More