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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 ·  2024/11/20 05:22

牛牛AI助理已提取核心訊息

AgriFORCE Growing Systems reported its first revenue of $41,315 for Q3 2024, with a gross profit of $7,123. The company recorded a net loss of $13.4M for the nine months ended September 30, 2024, compared to $7.7M loss in the same period of 2023, primarily due to a $4.1M intangible asset impairment charge related to its Manna patent.The company underwent significant restructuring, reducing headcount from 15 to 6 employees, resulting in decreased operating expenses. Notable changes included reductions in wages ($1.1M), consulting fees ($669K), and professional fees ($584K). The company completed the acquisition of Radical Clean Solutions in August 2024, expanding its hydroxyl generating devices business.Cash position decreased to $1.4M as of September 30, 2024, from $3.9M at year-end 2023. The company raised additional capital through convertible debentures and equity offerings, including a $2.1M ATM offering in November 2024. Management noted substantial doubt about the company's ability to continue as a going concern, citing the need for additional financing to fund operations and technology development.
AgriFORCE Growing Systems reported its first revenue of $41,315 for Q3 2024, with a gross profit of $7,123. The company recorded a net loss of $13.4M for the nine months ended September 30, 2024, compared to $7.7M loss in the same period of 2023, primarily due to a $4.1M intangible asset impairment charge related to its Manna patent.The company underwent significant restructuring, reducing headcount from 15 to 6 employees, resulting in decreased operating expenses. Notable changes included reductions in wages ($1.1M), consulting fees ($669K), and professional fees ($584K). The company completed the acquisition of Radical Clean Solutions in August 2024, expanding its hydroxyl generating devices business.Cash position decreased to $1.4M as of September 30, 2024, from $3.9M at year-end 2023. The company raised additional capital through convertible debentures and equity offerings, including a $2.1M ATM offering in November 2024. Management noted substantial doubt about the company's ability to continue as a going concern, citing the need for additional financing to fund operations and technology development.
AgriFORCE Growing Systems報告其2024年第三季度首次營業收入爲$41,315,毛利潤爲$7,123。公司在截至2024年9月30日的九個月內淨虧損爲1340萬港元,而2023年同期淨虧損爲770萬港元,主要由於與其Manna專利相關的410萬港元無形資產減值費用。公司進行了重大的重組,員工人數從15人減少到6人,從而降低了營業費用。顯著的變化包括工資減少($1.1M)、諮詢費用減少($669K)和專業費用減少($584K)。公司於2024年8月完成對Radical Clean Solutions的收購,擴展了其氫氧自由基發生器業務。截至2024年9月30日,現金狀況從2023年年末的390萬港元降至140萬港元。公司通過可轉換債券和股權發行籌集了額外資金,包括2024年11月的210萬港元ATM發行。管理層指出,公司持續經營的能力存在重大疑慮,指出需要額外融資來支持運營和科技開發。
AgriFORCE Growing Systems報告其2024年第三季度首次營業收入爲$41,315,毛利潤爲$7,123。公司在截至2024年9月30日的九個月內淨虧損爲1340萬港元,而2023年同期淨虧損爲770萬港元,主要由於與其Manna專利相關的410萬港元無形資產減值費用。公司進行了重大的重組,員工人數從15人減少到6人,從而降低了營業費用。顯著的變化包括工資減少($1.1M)、諮詢費用減少($669K)和專業費用減少($584K)。公司於2024年8月完成對Radical Clean Solutions的收購,擴展了其氫氧自由基發生器業務。截至2024年9月30日,現金狀況從2023年年末的390萬港元降至140萬港元。公司通過可轉換債券和股權發行籌集了額外資金,包括2024年11月的210萬港元ATM發行。管理層指出,公司持續經營的能力存在重大疑慮,指出需要額外融資來支持運營和科技開發。

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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