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LQR House | 10-Q: Quarterly report

LQR House | 10-Q: Quarterly report

LQR House | 10-Q:季度报表
美股sec公告 ·  05/15 16:34
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LQR House Inc., a company operating in the beverage alcohol industry, reported its financial performance for the quarter ended March 31, 2024. The company's total revenues increased significantly to $481,094, up from $150,563 in the same period last year, primarily due to product revenues of $437,303 following the acquisition of the CWS Platform in November 2023. However, the company experienced a net loss of $2,427,392, a substantial increase from the previous year's loss of $322,074. This was attributed to higher operating expenses, including general and administrative costs of $1,606,461 and sales and marketing expenses of $786,415. The company's cash and cash equivalents decreased to $1,781,907 from $7,064,348 at the end of the previous quarter. LQR House's business development included the acquisition of the CWS Platform and the expansion...Show More
LQR House Inc., a company operating in the beverage alcohol industry, reported its financial performance for the quarter ended March 31, 2024. The company's total revenues increased significantly to $481,094, up from $150,563 in the same period last year, primarily due to product revenues of $437,303 following the acquisition of the CWS Platform in November 2023. However, the company experienced a net loss of $2,427,392, a substantial increase from the previous year's loss of $322,074. This was attributed to higher operating expenses, including general and administrative costs of $1,606,461 and sales and marketing expenses of $786,415. The company's cash and cash equivalents decreased to $1,781,907 from $7,064,348 at the end of the previous quarter. LQR House's business development included the acquisition of the CWS Platform and the expansion of its product offerings, such as SWOL Tequila. Looking ahead, the company plans to raise additional capital to fund operations and continue its growth strategies, which include collaborative marketing, brand expansion, and potential acquisitions. Despite the net loss and substantial doubts about the company's ability to continue as a going concern, LQR House is focused on generating cash from operating activities and securing additional funding.
从事饮料酒精行业的公司LQR House Inc. 公布了截至2024年3月31日的季度财务业绩。该公司的总收入从去年同期的150,563美元大幅增长至481,094美元,这主要是由于2023年11月收购CWS平台后的产品收入为437,303美元。但是,该公司的净亏损为2427,392美元,较上一年的322,074美元亏损大幅增加。这是由于运营费用增加,包括1,606,461美元的一般和管理费用以及786,415美元的销售和营销费用。该公司的现金及现金等价物从上一季度末的7,064,348美元降至1,781,907美元。LQR House的业务发展包括收购CWS平台和扩大其产品供应,例如SWOL Tequila。展望未来,该公司计划筹集更多资金为运营提供资金,并继续其增长战略,包括协作营销、品牌扩张和潜在收购。尽管出现净亏损,而且人们对公司继续经营的能力存在重大疑问,但LQR House仍专注于通过经营活动产生现金和确保额外资金。
从事饮料酒精行业的公司LQR House Inc. 公布了截至2024年3月31日的季度财务业绩。该公司的总收入从去年同期的150,563美元大幅增长至481,094美元,这主要是由于2023年11月收购CWS平台后的产品收入为437,303美元。但是,该公司的净亏损为2427,392美元,较上一年的322,074美元亏损大幅增加。这是由于运营费用增加,包括1,606,461美元的一般和管理费用以及786,415美元的销售和营销费用。该公司的现金及现金等价物从上一季度末的7,064,348美元降至1,781,907美元。LQR House的业务发展包括收购CWS平台和扩大其产品供应,例如SWOL Tequila。展望未来,该公司计划筹集更多资金为运营提供资金,并继续其增长战略,包括协作营销、品牌扩张和潜在收购。尽管出现净亏损,而且人们对公司继续经营的能力存在重大疑问,但LQR House仍专注于通过经营活动产生现金和确保额外资金。
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