Lottery.com reported Q3 2024 revenue of $201,000, down 30% year-over-year from $286,000, with a net loss of $8.05 million compared to a $3.4 million loss in Q3 2023. The increased loss was primarily driven by $4.3 million in goodwill and intangible asset impairment charges, along with higher professional fees of $1.45 million.The company's operating expenses rose 11% to $3.75 million, though personnel costs decreased 47% to $679,000. The B2B API Platform resumed limited operations in April 2023, while the B2C Platform remains suspended with plans to relaunch in early 2025. The company completed the acquisition of S&MI Ltd. in September 2024 to enhance its Sports.com offerings.With only $60,466 in cash as of September 30, 2024, management acknowledges substantial doubt about the company's ability to continue as a going concern. The company is pursuing additional funding through equity investments and debt financing while working to improve internal controls and regain full Nasdaq compliance after falling below the $1.00 minimum share price requirement in July 2024.

Lottery.com reported Q3 2024 revenue of $201,000, down 30% year-over-year from $286,000, with a net loss of $8.05 million compared to a $3.4 million loss in Q3 2023. The increased loss was primarily driven by $4.3 million in goodwill and intangible asset impairment charges, along with higher professional fees of $1.45 million.The company's operating expenses rose 11% to $3.75 million, though personnel costs decreased 47% to $679,000. The B2B API Platform resumed limited operations in April 2023, while the B2C Platform remains suspended with plans to relaunch in early 2025. The company completed the acquisition of S&MI Ltd. in September 2024 to enhance its Sports.com offerings.With only $60,466 in cash as of September 30, 2024, management acknowledges substantial doubt about the company's ability to continue as a going concern. The company is pursuing additional funding through equity investments and debt financing while working to improve internal controls and regain full Nasdaq compliance after falling below the $1.00 minimum share price requirement in July 2024.