Thunder Power Reports Unaudited Second Quarter 2024 Financial Results
Thunder Power Holdings, Inc. (AIEV)
Company Research
Source: PR Newswire
WILMINGTON, Del., Sept. 4, 2024 /PRNewswire/ -- Thunder Power Holdings, Inc. (Nasdaq: AIEV) ("Thunder Power" or the "Company"), a technology innovator and a developer of premium passenger EVs, today announced its unaudited financial results for the three months ended June 30, 2024 ("Second Quarter 2024").Second Quarter 2024 Financial HighlightsRevenues were nil, consistent with the same period in 2023.Operating expenses were approximately $1.3 million, compared to $0.7 million in the prior year. This increase was mainly due to a one-time share-based compensation expense of about $1.0 million from issuing shares to three independent directors of Feutune Light Acquisition Corporation ("FLFV") as part of the Company's recent business combination. This rise was partially offset by a decrease of around $0.5 million in share-based settlement expenses compared to the same quarter last year, when shares were issued to its controlling shareholder to settle liabilities.As a result, net loss was
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AIEV
Sec Filings
- 9/16/24 - Form 8-K
- 9/9/24 - Form SC
- 9/6/24 - Form 8-K
- AIEV's page on the SEC website