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10-Q: Q3 2024 Earnings Report

10-Q: Q3 2024 Earnings Report

10-Q:2024財年三季報
美股SEC公告 ·  2024/11/06 06:31

牛牛AI助理已提取核心訊息

Verb Technology reported Q3 2024 revenue of $128,000, a 341% increase year-over-year, driven by its MARKET.live platform's TikTok Shop partnership and Go Fund Yourself business unit. The company maintained a strong financial position with $10.5 million in cash and $5.1 million in short-term investments as of September 30, 2024.Operating expenses decreased significantly, with general and administrative costs down 26% to $2.1 million and depreciation expenses reduced to $273,000 from $564,000 year-over-year. The company recorded other income of $347,000, primarily from interest income, while net loss from continuing operations improved to $2 million compared to $3.5 million in Q3 2023.The company's strategic pivot following the June 2023 sale of its SaaS assets for $6.5 million has allowed greater focus on MARKET.live's growth potential. Recent technology integrations with META platforms and Pinterest, combined with its expanded TikTok Shop partnership as an official service provider, position Verb for continued expansion in social commerce and crowdfunding sectors.
Verb Technology reported Q3 2024 revenue of $128,000, a 341% increase year-over-year, driven by its MARKET.live platform's TikTok Shop partnership and Go Fund Yourself business unit. The company maintained a strong financial position with $10.5 million in cash and $5.1 million in short-term investments as of September 30, 2024.Operating expenses decreased significantly, with general and administrative costs down 26% to $2.1 million and depreciation expenses reduced to $273,000 from $564,000 year-over-year. The company recorded other income of $347,000, primarily from interest income, while net loss from continuing operations improved to $2 million compared to $3.5 million in Q3 2023.The company's strategic pivot following the June 2023 sale of its SaaS assets for $6.5 million has allowed greater focus on MARKET.live's growth potential. Recent technology integrations with META platforms and Pinterest, combined with its expanded TikTok Shop partnership as an official service provider, position Verb for continued expansion in social commerce and crowdfunding sectors.
Verb Technology報告了2024年第三季度營業收入爲128,000美元,同比增長341%,主要得益於其MARKEt.live平台的TikTok Shop合作伙伴關係和Go Fund Yourself業務部門。截止到2024年9月30日,公司保持了強健的財務狀況,現金達到1050萬,短期投資爲510萬。營業費用顯著減少,一般和行政成本下降26%,降至210萬,折舊費用從去年的564,000降低到273,000。公司記錄的其他收入爲347,000,主要來自利息收入,而持續經營的淨虧損從2023年第三季度的350萬改善至200萬。在2023年6月以650萬出售其Saas-雲計算資產後,公司的戰略轉變使其能夠更專注於MARKEt.live的增長潛力。最近與Meta Platforms和Pinterest的技術整合,結合擴大了TikTok Shop作爲官方服務提供商的合作關係,使Verb在社交電商和衆籌領域的持續擴展具備了良好基礎。
Verb Technology報告了2024年第三季度營業收入爲128,000美元,同比增長341%,主要得益於其MARKEt.live平台的TikTok Shop合作伙伴關係和Go Fund Yourself業務部門。截止到2024年9月30日,公司保持了強健的財務狀況,現金達到1050萬,短期投資爲510萬。營業費用顯著減少,一般和行政成本下降26%,降至210萬,折舊費用從去年的564,000降低到273,000。公司記錄的其他收入爲347,000,主要來自利息收入,而持續經營的淨虧損從2023年第三季度的350萬改善至200萬。在2023年6月以650萬出售其Saas-雲計算資產後,公司的戰略轉變使其能夠更專注於MARKEt.live的增長潛力。最近與Meta Platforms和Pinterest的技術整合,結合擴大了TikTok Shop作爲官方服務提供商的合作關係,使Verb在社交電商和衆籌領域的持續擴展具備了良好基礎。

譯文內容由第三人軟體翻譯。


牛牛AI助手部分由第三方人工智慧模型基於資訊內容自動產生。


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