QXO Reports Second Quarter 2024 Results
QXO, Inc. (QXO)
Company Research
Source: GlobeNewswire
GREENWICH, Conn., Aug. 14, 2024 (GLOBE NEWSWIRE) -- QXO, Inc. (Nasdaq: QXO) today announced its second quarter results for the three and six months ended June 30, 2024. Financial Highlights for the Three Months Ended June 30, 2024, Compared with the Three Months Ended June 30, 2023: Total revenue was $14.54 million, compared with $13.26 million.Software product revenue was $3.78 million, compared with $3.30 million.Service and other revenue was $10.76 million, compared with $9.96 million.Net loss was ($591,000) or ($9.93) loss per basic and diluted share, compared with net income of $344,000 or $0.52 earnings per basic and diluted share.Adjusted EBITDA, a non-GAAP measure, was ($1.21) million, compared with $705,000.As of June 30, 2024, the company had approximately $971 million in cash on hand. In July 2024, the company completed two previously announced private placements, increasing its cash position to approximately $5.0 billion. Financial Highlights for the Six Months Ended
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QXO
News
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- European Shares Edge Lower as Focus Turns to Fed, BOE Decisions [BNN Bloomberg (Canada)]BNN Bloomberg
- Rexel's Largest Holder Cevian Backs Firm in Spurning QXO Bid [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Oppenheimer analysts see fertile ground for Jacobs' plans at new venture QXO [Yahoo! Finance]Yahoo! Finance
- QXO's Share Plunge Erases $37 Billion in Paper Value [Yahoo! Finance]Yahoo! Finance
QXO
Sec Filings
- 8/28/24 - Form 4
- 8/14/24 - Form 10-Q
- 8/14/24 - Form 8-K
- QXO's page on the SEC website