First Quarter 2024 Financial ResultsTotal revenue in the first quarter of 2024 increased 4% to $41.6 million compared to $40.0 million for the same quarter last year. Operating expenses for the first quarter of 2024 were $20.6 million compared to $16.2 million for the same quarter last year. Net loss was $16.1 million for the first quarter of 2024 compared to net income of $1.7 million for the same quarter last year. As of March 31, 2024, cash and cash equivalents were $13.2 million compared to $19.2 million on December 31, 2023. Conference CallThe Company will conduct a conference call today, May 15, 2024, at 5:00 p.m. Eastern time to discuss its results for the first quarter ended March 31, 2024.

Source: The Bubble May 16, 2024 08:33 UTC