Mynd announces 2024 first half results

Gross margins increased 100 basis points to  27.3% ; adjusted ebitda loss improved by $0.6 million  seattle , aug. 29, 2024 /prnewswire/ -- mynd.ai, inc. (the "company" or "mynd") (nyse american: mynd) today announced financial results for the first half of 2024 (h1 2024). h1 2024 key financial milestones revenue of $166.0 million compared to $222.5 million for the same period in the prior year, with the decrease primarily driven by reduced spending by key customers due to uncertainty regarding future budget allocations gross profit of $45.4 million, a 22.4% decline from $58.5 million in the same period in the prior year, driven by the year-over-year reduction in revenue.
MYND Ratings Summary
MYND Quant Ranking