agba: the income statement

MyFinsight

For the quarter ending 2024-06-30, AGBA made $4,920,761 in revenue. -$11,403,222 in net income. Net profit margin of -231.74%.

Unit: Dollar

Income Statement	2024-06-30
Revenues	4,920,761
General and administrative expense	1,408,240
Allowance for expected credit losses on financial instruments	751,356
Office and operating fee related party	1,074,279
Legal and professional fees related party	249,999
Legal and professional fee	1,487,984
Labor and related expense	5,478,217
Research and development expense	495,062
Selling and marketing expense	29,643
Noninterest expense commission expense	1,316,570
Interest expense, operating	368,045
Operating expenses	12,659,395
Operating income (loss)	-7,738,634
Gain (loss) on investments	52
Fair value adjustment of warrants	3,649,404
Other nonoperating income (expense)	17,705
Gain (loss), foreign currency transaction, before tax	-50,710
Interest income, other	74,616
Nonoperating income (expense)	-3,607,741
Income (loss) from continuing operations before income taxes, noncontrolling interest	-11,346,375
Income tax expense (benefit)	23,235
Net loss	-11,369,610
Other comprehensive income (loss), foreign currency translation adjustment, tax	33,612
Comprehensive income (loss), net of tax, attributable to parent	-11,403,222

Basic eps	-0.14
Diluted eps	-0.14
Basic average shares	79,164,165
Diluted average shares	79,164,165