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INNO Holdings, a Texas-based construction technology company, reported a quarterly revenue of $166,617 for the period ending December 31, 2023, marking a 46% decrease from the $309,001 revenue in the same period of 2022. The company's operating loss was slightly reduced to $809,596 compared to $852,531 in the previous year, primarily due to a decrease in bad debt expense. Net loss for the quarter was $817,264, a 6% improvement from the $871,028 net loss in the prior year. The company's cash position significantly improved, with $7,677,270 on hand as of December 31, 2023, largely due to the net proceeds from a successful initial public offering (IPO) in December 2023. INNO Holdings' business development included entering into an agreement to acquire a building for $14.6 million to expand its market capacity. The company also established a new subsidiary, Inno Disrupts Inc., to focus on research and innovation in new technologies. Looking forward, INNO Holdings plans to increase marketing capabilities, production capacity, and explore strategic opportunities to drive growth.
INNO Holdings, a Texas-based construction technology company, reported a quarterly revenue of $166,617 for the period ending December 31, 2023, marking a 46% decrease from the $309,001 revenue in the same period of 2022. The company's operating loss was slightly reduced to $809,596 compared to $852,531 in the previous year, primarily due to a decrease in bad debt expense. Net loss for the quarter was $817,264, a 6% improvement from the $871,028 net loss in the prior year. The company's cash position significantly improved, with $7,677,270 on hand as of December 31, 2023, largely due to the net proceeds from a successful initial public offering (IPO) in December 2023. INNO Holdings' business development included entering into an agreement to acquire a building for $14.6 million to expand its market capacity. The company also established a new subsidiary, Inno Disrupts Inc., to focus on research and innovation in new technologies. Looking forward, INNO Holdings plans to increase marketing capabilities, production capacity, and explore strategic opportunities to drive growth.
总部位于德克萨斯州的建筑技术公司INNO Holdings报告称，截至2023年12月31日的季度收入为166,617美元，较2022年同期的309,001美元收入下降了46％。该公司的营业亏损从去年的852,531美元略有减少至809,596美元，这主要是由于坏账支出减少。该季度的净亏损为817,264美元，较去年的871,028美元的净亏损增长了6％。该公司的现金状况显著改善，截至2023年12月31日，手头有7,677,270美元，这主要归因于2023年12月成功进行首次公开募股（IPO）的净收益。INNO Holdings的业务发展包括签订协议，以1460万美元的价格收购一座建筑物，以扩大其市场容量。该公司还成立了新的子公司Inno Disrupts Inc.，专注于新技术的研究和创新。展望未来，INNO Holdings计划提高营销能力和生产能力，并探索推动增长的战略机会。
总部位于德克萨斯州的建筑技术公司INNO Holdings报告称，截至2023年12月31日的季度收入为166,617美元，较2022年同期的309,001美元收入下降了46％。该公司的营业亏损从去年的852,531美元略有减少至809,596美元，这主要是由于坏账支出减少。该季度的净亏损为817,264美元，较去年的871,028美元的净亏损增长了6％。该公司的现金状况显著改善，截至2023年12月31日，手头有7,677,270美元，这主要归因于2023年12月成功进行首次公开募股（IPO）的净收益。INNO Holdings的业务发展包括签订协议，以1460万美元的价格收购一座建筑物，以扩大其市场容量。该公司还成立了新的子公司Inno Disrupts Inc.，专注于新技术的研究和创新。展望未来，INNO Holdings计划提高营销能力和生产能力，并探索推动增长的战略机会。
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