AirNet Technology Reports Revenue Surge Amid Operational Losses
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AirNet Technology Inc. reported a revenue surge to $12.764 million for the six months ending June 30, 2025, up from zero the previous year. However, the company faced a loss of $1.955 million from continuing operations due to increased expenses. Spark's AI Analyst rates ANTE as Underperform, citing negative profitability and a troubling balance sheet. The stock price has significantly dropped post-earnings, indicating a lack of investor confidence. Immediate strategic actions are needed to stabilize the company's financial position.
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