QXO Q2 revenue up 9.6% YoY to $14.54M but posts net loss $591K; cash rises to ~$5B after placements

QXO, Inc.

2024-Q2 EPS reported -$9.72 revenue$28,975,000

Net loss $591K vs income $344K YoY; diluted EPS loss $9.93.
Adjusted EBITDA loss $1.21M vs positive $705K; higher employee costs cited.
Cash ~$971M at Q2 end; July private placements boosted cash to ~$5.0B.
Revenue $14.54M vs $13.26M; software revenue $3.78M, service revenue $10.76M.
Management plans to pursue accretive acquisitions and organic growth with new senior team.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.