Summary by Moomoo AI
Collective Audience, Inc. (CAUD) reported its financial performance for the quarter ended June 30, 2024. The company experienced a decrease in revenue, primarily due to its focus on completing a significant business combination. Operating expenses included an increase in Sales and Marketing expenses, attributed to post-business combination public relations efforts, and a rise in General and Administrative expenses, mainly due to legal costs and SEC filings. The company also reported a net loss of $1,317,214 for the quarter, with a basic and diluted net loss per share of $0.08. The company's cash position stood at $838,225, with a working capital deficit of $2,528,595. Collective Audience, Inc. is actively seeking additional capital to satisfy liquidity needs and continue operations. The company's financial statements have...Show More