Motus GI Q1 revenue $64K, net loss $7.6M; strategic alternatives review

Motus GI Holdings, Inc.

2024-Q1 EPS reported -$0.88 revenue$64,000

Revenue $64,000, up from $56K YoY; net loss $7.6M ($0.88/share).
Cash $4.9M at quarter end; used $2.0M in operating and capex.
Doubled active Pure-Vu customers; 100% of onboarded use system independently.
Engaged investment bank to evaluate strategic alternatives to accelerate commercialization.
Common stock began trading on OTCQB under 'MOTS' on May 13, 2024.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Motus GI Holdings, Inc. reported first quarter ended March 31, 2024 results: revenue $64,000, net income $7.6 million, or $0.88 per basic and diluted share, EPS $0.88 per basic and diluted share.

Period: first quarter ended March 31, 2024
Revenue: $64,000
Net income: $7.6 million, or $0.88 per basic and diluted share
EPS: $0.88 per basic and diluted share
Result: reported results

Exact text from the filing

The Company reported revenue of $64,000 for the first quarter of 2024, compared to $56,000 for the same period last year.

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Source: SEC EDGAR

accession 0001493152-24-019256

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