Earnings Call Summary | Intchains Group(ICG.US) Q1 2024 Earnings Conference
Earnings Call Summary | Intchains Group(ICG.US) Q1 2024 Earnings Conference
The following is a summary of the Intchains Group Limited (ICG) Q1 2024 Earnings Call Transcript:
以下是Intchains集團有限公司(ICG)2024年第一季度業績電話會議記錄的摘要:
Financial Performance:
財務業績:
Intchains reported a decrease in Q1 2024 revenue of 6.8% to $3.4 million due to a one-off sale in the previous year.
The cost of revenue escalated by 15.2% primarily due to an inventory write-down for certain products.
A dramatic rise of 168.3% in total operating expenses occurred, attributed to increased R&D, sales, marketing, and administrative costs.
The company ended Q1 with a net loss of $2.1 million, standing in stark contrast to the net income of RMB4.7 million from 2023's same quarter.
Intchains報告稱,由於去年的一次性出售,2024年第一季度的收入下降了6.8%,至340萬美元。
收入成本上漲了15.2%,這主要是由於某些產品的庫存減記。
總運營支出急劇增長了168.3%,這要歸因於研發、銷售、營銷和管理成本的增加。
該公司在第一季度末淨虧損210萬美元,與2023年同期的人民幣470萬元淨收入形成鮮明對比。
Business Progress:
業務進展:
The first quarter saw Intchains integrating their latest 12-nanometer chip technology which signifies progress in their product development.
The upcoming Box series product, set to go into full-scale production by Q2, denotes step-forward in the product line.
Reflecting strategic foresight, the company plans to invest more in ETH-based cryptocurrencies as a long-term asset.
Focusing on the development of asset chips and computing equipment for ZKP, FHE, and AI confirms their ambition to cater to the growing market demand.
The stated intent to explore more areas of WEB3 applications and expand their product line suggests a robust business strategy.
第一季度,Intchains整合了其最新的12納米芯片技術,這標誌着其產品開發的進展。
即將推出的Box系列產品將在第二季度全面投入生產,這表明該產品線向前邁出了一步。
該公司計劃將更多地投資於基於ETH的加密貨幣作爲長期資產,這反映了戰略遠見。
專注於爲ZKP、FHE和AI開發資產芯片和計算設備,這證實了他們滿足不斷增長的市場需求的雄心。
探索更多WEB3應用程序領域並擴大其產品線的既定意圖表明瞭強有力的業務戰略。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。