Summary by Moomoo AI
Mangoceuticals, Inc. reported financial results for the quarter ended September 30, 2024. Revenue for the quarter was $133,368, a decrease from $245,160 in the same period the previous year. Operating expenses totaled $1,840,745, slightly down from $1,944,049 in the prior year's quarter. The company experienced a net loss of $1,999,694, compared to a net loss of $1,799,460 in the same quarter of the previous year. The decrease in revenue and net loss was attributed to delays in marketing activities due to the migration to a new telehealth platform. For the nine months ended September 30, 2024, the company had a net loss of $6,758,630, with revenues of $510,626, an increase from $487,119 in the same period last year. The company's cash and cash equivalents stood at $73,912, down from $739,006 at the end...Show More
