Volcon Q1 2024 net loss $26M on warrant revaluation; Stag deliveries begin

Empery Digital Inc.

2024-Q1 EPS reported -$3.27 revenue$1,033,548

Revenue $1.03M, flat QoQ; gross margin negative $0.59M.
Net loss $26.05M includes $19.8M loss on warrant liabilities revaluation.
Adjusted EBITDA loss $4.1M, improved from $9.4M in Q4 2023.
First Stag deliveries began in May 2024; Nasdaq compliance extension until June 24, 2024.
Company cancels Runt LT launch; evaluating new two-wheel products.

item 2.02 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

Empery Digital Inc. reported the quarter ended March 31, 2024 results: revenue $1,033,548, net income $(26,048,044).

Period: the quarter ended March 31, 2024
Revenue: $1,033,548
Net income: $(26,048,044)
Result: reported results

Exact text from the filing

move forward with reducing cost of operations and production.” 1 Financial highlights: 3 Months Ended GAAP March 31, 2024 December 31, 2023 September 30, 2023 Revenue $ 1,033,548 $ 1,083,800 $ 487,430 Cost of goods sold (1,621,580 ) (6,283,944 ) (3,542,468 ) Gross Margin (588,032 ) (5,200,144 ) (3,055,038 Sales & Marketing 760,564 1,365,186 1,870,532

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Source: SEC EDGAR

accession 0001683168-24-003060

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