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For the three months ended 31 March 2022, AYRO Inc revenues increased 30% to $1M. Net loss decreased 19% to $4.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Stock-based Compensation in SGA decrease of 84% to $258K (expense), Research and development - Balancing val decrease of 55% to $856K (expense).
Period Ending: | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 |
---|---|---|---|---|
Total Revenue | 1.03 | 0.81 | 0.56 | 0.52 |
Gross Profit | -0.15 | -1.93 | -0.4 | 0.09 |
Operating Income | -4.57 | -7.79 | -12.01 | -7.68 |
Net Income | -4.58 | -7.78 | -12 | -7.66 |
Period Ending: | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 |
---|---|---|---|---|
Total Assets | 73.07 | 78.13 | 85.08 | 94.24 |
Total Liabilities | 3.6 | 4.7 | 6.76 | 5.2 |
Total Equity | 69.46 | 73.42 | 78.33 | 89.03 |
Period Ending: | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 |
---|---|---|---|---|
Period Length: | 3 Months | 12 Months | 9 Months | 6 Months |
Cash From Operating Activities | -5.55 | -26.63 | -18.72 | -7.68 |
Cash From Investing Activities | -20.12 | -0.6 | -0.57 | -0.54 |
Cash From Financing Activities | 0 | 59.86 | 59.86 | 59.57 |
Net Change in Cash | -25.67 | 32.62 | 40.56 | 51.35 |
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