Vaso Corporation Announces Financial Results for First Quarter 2024 [Yahoo! Finance]
VASO CORPORATION (VASO)
US:NASDAQ Investor Relations:
vasocorporation.com/investors/financial-reports
Company Research
Source: Yahoo! Finance
“Total revenue for the first quarter of 2024 was $18.7 million, a decrease of $0.3 million or 1.6% when compared to the same quarter last year, mainly due to lower sales in the equipment segment. Quarterly gross profit was $10.9 million, a decrease of $0.6 million or 5.6% year-over-year, as a result of lower revenue and lower gross margin,” stated Dr. Jun Ma, President and Chief Executive Officer of Vaso Corporation. “We have also recorded a net loss of approximately $1.2 million for the quarter, as we usually incur losses historically in the early quarters of the year due to the cyclic nature of our businesses.” “Our operating cashflow in the first quarter improved by $0.8 million year-over-year despite higher operating expenses resulting from the effect of inflation, added headcount for a new program initiated in 2023, and spending for investment banking activities related to the previously announced proposed business combination. Our cash, cash equivalents and short-term investm
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Sec Filings
- 5/15/24 - Form 10-Q
- 4/1/24 - Form 10-K
- 3/6/24 - Form PREM14A
- VASO's page on the SEC website