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ROI Nasdaq· RiskOn International Inc
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ROI Nasdaq· RiskOn International Inc
Earnings report Q4 2023

RiskOn360 Reports Revenue of $240.4 Thousand in Latest Quarter

Segments of revenue

RiskOn360 generated revenue of $240.4 thousand in the latest quarter. This revenue consists of services provided to attendees of business and coaching conference events. The revenue is generated through contracts where customers agree to pay a contract price for services provided by the company at individual conferences organized and held by RiskOn360.

Strengths

Despite the challenging market conditions, RiskOn360 managed to generate revenue of $240.4 thousand in the latest quarter. This demonstrates the company's ability to attract customers and provide valuable services at its conferences. The increase in revenue compared to the same quarter last year can be attributed to the successful execution of the RiskOn360 conference held during the period.

Challenges

RiskOn360 reported a gross loss of $1.8 million in the latest quarter. This indicates that the cost of revenue exceeded the generated revenue. The company should focus on optimizing its cost structure to improve profitability and reduce losses.

Noteworthy

It is worth noting that RiskOn360 did not have any revenue or cost of sales in the same quarter of the previous year. This suggests that the company has made progress in its business operations and has successfully started generating revenue from its conferences.

Summary

RiskOn360 reported revenue of $240.4 thousand in the latest quarter, primarily driven by its services provided at business and coaching conference events. Despite the gross loss incurred, the company's ability to generate revenue demonstrates its market presence and customer demand. RiskOn360 should address its cost structure to improve profitability. The absence of revenue in the same quarter last year indicates progress in the company's operations.

Source documents

Form 10-Q  filed on Feb 20, 2024
89 pages scanned

Reference data

Company financials Q4 revenue 240.4k
Analyst estimates Q4 EPS missed by NaN%
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