ltry: the income statement

MyFinsight

For the year ending 2024-12-31, LTRY made $20,120,377 in revenue. -$28,221,605 in net income. Net profit margin of -140.26%.

Unit: Dollar

Income Statement	2024-12-31
Income tax expense (benefit) check 2022 may need reclass 23,364	26,315
Professional fees	5,436,831
General and administrative	3,688,547
Depreciation and amortization	5,020,647
Personnel costs	4,761,186
Total operating expenses	18,907,211
Revenue	1,065,788
Cost of revenue	320,869
Gross profit	744,919
Loss from operations	-18,162,292
Other expense	-968,903
Interest expense	-508,563
Loss on impairment of intangibles & goodwill	4,298,002
Reserve for loss of prepaid advertising credits	-4,745,000
Total other expenses, net	-10,520,468
Net loss before income tax	-28,682,760
Net loss	-28,709,075
Foreign currency translation adjustment, net	317,424
Comprehensive loss	-28,391,651
Net income (loss) attributable to noncontrolling interest	-170,046
Net loss attributable to lottery.com inc	-28,221,605

Basic eps	-3.27
Diluted eps	-3.27
Basic average shares	8,637,552
Diluted average shares	8,637,552