Thunder Power Reports Unaudited Third Quarter 2024 Financial Results [Yahoo! Finance]
Thunder Power Holdings, Inc. (AIEV)
Company Research
Source: Yahoo! Finance
innovator and a developer of premium passenger EVs, today announced its unaudited financial results for the three months ended September 30, 2024 (“Third Quarter 2024”). Third Quarter 2024 Financial Highlights Revenues were nil, consistent with the same period in 2023. Operating expenses were approximately $0.9 million, compared to $0.6 million in the prior year. The changes were primarily attributed to an increase of professional expenses of approximately $0.4 million with the closing of Business Combination and an increase of approximately $0.1 million in insurance expenses for the management of the Company after the business combination, partially net off against a decrease of share-based compensation expenses of approximately $0.2 million. As a result, net loss was approximately $0.9 million, compared to $0.6 million for the same period in 2023. Wellen Sham, Founder of Thunder Power, commented, “our mission is to power the future of sustainable transportation by creating
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Sec Filings
- 11/15/24 - Form SC
- 11/14/24 - Form 10-Q
- 11/14/24 - Form SC
- AIEV's page on the SEC website