For the year ending 2023-12-31, LTCH made $44,961K in revenue. -$106,032K in net income. Net profit margin of -235.83%.
| Income Statement | 2023-12-31 | 2022-12-31 | ||
|---|---|---|---|---|
| Total revenue | 44,961 | 42,955 | ||
| Sales and marketing | 15,394 | 45,589 | ||
| Research and development | 33,787 | 54,933 | ||
| General and administrative | 66,211 | 55,292 | ||
| Depreciation and amortization | 7,201 | 5,504 | ||
| Total operating expenses | 122,593 | 161,318 | ||
| Total cost of revenue | 32,636 | 46,879 | ||
| Loss from operations | -110,268 | -165,242 | ||
| Interest income (expense), net | 2,309 | -2,961 | ||
| Other income (expense), net | 219 | -142 | ||
| Change in fair value of trading securities | - | -3,460 | ||
| Change in fair value of warrant liability | -230 | -9,558 | ||
| Total other income (expense), net | 2,758 | 2,995 | ||
| Loss before income taxes | -107,510 | -162,247 | ||
| Provision for income taxes | 30 | 89 | ||
| Net loss | -107,540 | -162,336 | ||
| Unrealized gain (loss) on available-for-sale securities | 1,515 | -787 | ||
| Foreign currency translation adjustment | -7 | 3 | ||
| Comprehensive loss | -106,032 | -163,120 | ||
| Basic eps | -0.68 | -1.13 | ||
| Diluted eps | -0.68 | -1.13 | ||
| Basic average shares | 159,146,081 | 143,615,820 | ||
| Diluted average shares | 159,146,081 | 143,615,820 | ||
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