What's Going On With MGO Global Stock Wednesday?
What's Going On With MGO Global Stock Wednesday?
MGO Global Inc. (NASDAQ:MGOL) shares are skyrocketing on Wednesday.
週三，MGO Global Inc.（納斯達克股票代碼：MGOL）股價飛漲。
Yesterday, the company said that its first quarter total revenues climbed 1385% to $670,264, up from $45,147 year-over-year.
該公司昨天表示，其第一季度的總收入從同比的45,147美元增長了1385％，至670,264美元。
The real reason behind the magnificent revenue growth was that the company did not launch sales of its Stand Flagpole line of products until mid-March 2023. This also resulted in a whopping 1725% increase in gross profit to $502,532.
收入大幅增長背後的真正原因是該公司直到2023年3月中旬才開始銷售其Stand Flagpole系列產品。這也導致毛利增長了1725％，達到502,532美元。
On continuing operations basis, the company reported losses of 1 cent per share, compared to losses of 9 cents per share from the same quarter last year.
在持續經營的基礎上，該公司報告的每股虧損爲1美分，而去年同期的每股虧損爲9美分。
As of March 31, 2024, the company's cash on hand from continuing operations was $1.517 million, as compared to $836,446 as of December 31, 2023, an increase of 81%.
截至2024年3月31日，該公司來自持續經營業務的手頭現金爲15.17億美元，而截至2023年12月31日爲836,446美元，增長了81％。
The increase was primarily attributable to the assignment of the Messi Brand to Centric in exchange for $2 million in cash and their assumption of obligation to pay €1.5 million in royalty payments to LMM in 2024.
增長的主要原因是將梅西品牌轉讓給Centric，以換取200萬美元的現金，以及他們承擔了在2024年向LMM支付150萬歐元特許權使用費的義務。
Effective as of that date (March 21, 2024), the company discontinued operations on The Messi Store.
自該日（2024年3月21日）起，該公司停止了梅西商店的運營。
Until such time that the company fully implements its growth strategy, it expects to continue generating operating losses in the foreseeable future, primarily due to higher corporate overhead, higher marketing and inventory expenses, and costs associated with being a public company.
在公司全面實施增長戰略之前，預計在可預見的將來將繼續造成營業虧損，這主要是由於公司管理費用增加、營銷和庫存費用增加以及與上市公司相關的成本。
Price Action: MGOL shares are trading higher by 36% to $1.70 premarket at last check Wednesday.
價格走勢：週三最後一次盤前檢查時，MGOL股價上漲36％，至1.70美元。
Photo via Shutterstock
照片來自 Shutterstock
譯文內容由第三人軟體翻譯。