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INNO Holdings | 10-Q: Q3 2024 Earnings Report

INNO Holdings | 10-Q: Q3 2024 Earnings Report

INNO Holdings | 10-Q:2024財年三季報
美股SEC公告 ·  08/13 05:16

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INNO Holdings, a Texas-based construction products and services company, reported a decrease in quarterly revenue for the period ended June 30, 2024. Revenue fell by 56% to $45,682 compared to $104,058 for the same period in 2023. The company attributed the decline to the completion of fewer projects within the quarter. Operating loss improved by 31% to $1,034,437, down from $1,493,807 year-on-year, primarily due to a significant reduction in bad debt expense. Net loss for the quarter was $1,050,881, a 30% improvement from the previous year's $1,511,805. For the nine-month period, revenue decreased by 21% to $395,495 from $501,672 in the previous year, while net loss remained relatively stable at $2,962,072 compared to $2,971,728. The company's cash position strengthened, with cash on hand of $1,890,903 as of June 30, 2024, up from $4,898 on September...Show More
INNO Holdings, a Texas-based construction products and services company, reported a decrease in quarterly revenue for the period ended June 30, 2024. Revenue fell by 56% to $45,682 compared to $104,058 for the same period in 2023. The company attributed the decline to the completion of fewer projects within the quarter. Operating loss improved by 31% to $1,034,437, down from $1,493,807 year-on-year, primarily due to a significant reduction in bad debt expense. Net loss for the quarter was $1,050,881, a 30% improvement from the previous year's $1,511,805. For the nine-month period, revenue decreased by 21% to $395,495 from $501,672 in the previous year, while net loss remained relatively stable at $2,962,072 compared to $2,971,728. The company's cash position strengthened, with cash on hand of $1,890,903 as of June 30, 2024, up from $4,898 on September 30, 2023, largely due to proceeds from an initial public offering. Despite the improved cash position, management acknowledged the need to raise additional capital to fund operations over the next twelve months, raising substantial doubt about the company's ability to continue as a going concern. INNO Holdings is actively exploring new business opportunities with larger customers and has a backlog estimated between $14 million and $19 million, subject to project permit statuses and construction progress. The company's stock is at risk of being delisted from the Nasdaq if it cannot maintain the minimum bid price requirement, which could impact market liquidity and access to capital markets.
總部位於德克薩斯州的建築產品和服務公司INNO Holdings報告稱,截至2024年6月30日的季度營業收入下降。與2023年同期的104,058美元相比,收入下降了56%,爲45,682美元。公司認爲,該季度完成的項目較少是下降的原因。經營虧損率提高了31%,從去年的1,493,807美元下降至1,034,437美元,主要是由於壞賬費用大幅減少。本季度淨虧損爲1,050,881美元,比去年的1,511,805美元有了30%的改善。九個月的週期內,營業收入從去年的501,672美元下降了21%至395,495美元,而淨虧損在2,962,072美元和2,971,728美元之間保持相對穩定。該公...展開全部
總部位於德克薩斯州的建築產品和服務公司INNO Holdings報告稱,截至2024年6月30日的季度營業收入下降。與2023年同期的104,058美元相比,收入下降了56%,爲45,682美元。公司認爲,該季度完成的項目較少是下降的原因。經營虧損率提高了31%,從去年的1,493,807美元下降至1,034,437美元,主要是由於壞賬費用大幅減少。本季度淨虧損爲1,050,881美元,比去年的1,511,805美元有了30%的改善。九個月的週期內,營業收入從去年的501,672美元下降了21%至395,495美元,而淨虧損在2,962,072美元和2,971,728美元之間保持相對穩定。該公司的現金狀況得到了加強,截至2024年6月30日,手頭的現金爲1,890,903美元,而在2023年9月30日爲4,898美元,這主要是由於首次公開發行的收益。儘管現金狀況有所改善,但管理層認識到需要籌集額外的資本來支持未來十二個月的業務,這引起了公司能否繼續作爲一個持續存在的企業的重大疑慮。INNO Holdings正在積極探索與規模更大的客戶的新業務機會,並有一個估計在1400萬美元到1900萬美元之間的積壓訂單,視項目許可狀態和建設進度而定。如果INNO Holdings無法維持最低買盤價格要求,該公司的股票面臨着從納斯達克退市的風險,這可能會影響市場流動性和對資本市場的訪問。

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