Wilson-Davis posts Q1 FY2024 net loss of $290K; AtlasClear files pro forma combined statements

AtlasClear Holdings, Inc.

Wilson-Davis revenue of $1.83M, down 13% YoY from $2.11M; net loss deepened to $290K from $194K.
FINRA short-selling/AML case remanded for reconsideration of fines; contingent liability booked at $100K.
Pro forma combined entity shows negative stockholders' equity of $2.0M as of Sep 30, 2023.
Wilson-Davis net capital of $9.40M exceeded $250K minimum by $9.15M as of Sep 30, 2023.
Cash used in operations was $5.21M for the three months ended Sep 30, 2023, vs $8.90M in prior year.

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