Nuran Wireless Reports Second Quarter 2024 Financial Results [Yahoo! Finance]
MTN GROUP LTD S/ADR (MTNOY)
NASDAQ:AMEX Investor Relations:
investors.vailresorts.com/investor-relations
Company Research
Source: Yahoo! Finance
of mobile and broadband wireless infrastructure solutions, is pleased to announce its financial results for the second quarter ended June 30, 2024: Highlights of the Company's financial results for the three months ended June 30, 2024, include the following: Revenue of $1,512,457 compared to $602,255 for the three months ended June 30, 2024, an increase of 151%, largely attributed to the Network as a Service ("NaaS") revenue growth including the billing of revenue in Cameroon related to 2023 not yet invoiced; Gross profit of $1,188,180 compared to $(217,531) for the three months ended June 30, 2024, an increase of 646%. At 79% for the quarter, the results reflect the company's current gross margin in Cameroon; Total expenses of $4,005,534 compared to $2,530,023 for the three months ended June 30, 2024, an increase of 58%, largely attributed to an increase in financial expenses related to short term borrowings and costs incurred in finalising the FEI bridge facility; Net Loss
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