StableX Tech | 10-Q: FY2024 Q3 Revenue: USD 5.426 K

Revenue: As of FY2024 Q3, the actual value is USD 5.426 K.

EPS: As of FY2024 Q3, the actual value is USD -0.25.

Segment Revenue

• Product Revenue: $5,426 for the three months ended September 30, 2024, compared to $80,475 for the same period in 2023. For the nine months ended September 30, 2024, product revenue was $43,200 compared to $327,863 in 2023.

Operational Metrics

• Net Income (Loss): Net income of $550,557 for the three months ended September 30, 2024, compared to a net loss of -$12,589,572 for the same period in 2023. For the nine months ended September 30, 2024, net income was $3,826,425 compared to a net loss of -$24,068,576 in 2023.
• Gross Loss: -$280,602 for the three months ended September 30, 2024, compared to -$143,442 for the same period in 2023. For the nine months ended September 30, 2024, gross loss was -$2,480,354 compared to -$442,633 in 2023.
• Operating Expenses: Total operating expenses were $1,645,407 for the three months ended September 30, 2024, compared to $6,096,535 for the same period in 2023. For the nine months ended September 30, 2024, operating expenses were $8,621,465 compared to $17,861,925 in 2023.

Cash Flow

• Net Cash Used in Operating Activities: -$10,334,014 for the nine months ended September 30, 2024, compared to -$21,302,120 for the same period in 2023.
• Net Cash Used in Investing Activities: -$15,249,360 for the nine months ended September 30, 2024, compared to -$26,138,696 in 2023.
• Net Cash Provided (Used) by Financing Activities: -$5,104,889 for the nine months ended September 30, 2024, compared to $21,632,156 in 2023.

Unique Metrics

• Change in Fair Value - Warrant Liability: Gain of $126,600 for the three months ended September 30, 2024, compared to a loss of -$10,095,960 for the same period in 2023. For the nine months ended September 30, 2024, the gain was $9,136,900 compared to a loss of -$10,095,960 in 2023.
• Change in Fair Value - Derivative Liability: Gain of $2,408,000 for the three months ended September 30, 2024, compared to $3,216,000 for the same period in 2023. For the nine months ended September 30, 2024, the gain was $5,035,000 compared to $3,216,000 in 2023.

Future Outlook and Strategy

• Core Business Focus: The company is focusing on the development and launch of the AYRO Vanish, with efforts to lower the bill of materials and overall manufacturing expenses to reduce the MSRP. The company is also undergoing internal restructuring to achieve greater efficiency.
• Non-Core Business: The company is evaluating other options for strategic deployment of capital, including potentially entering other segments of the electric vehicle market and exploring potential partnerships and acquisitions.