Eightco announces third quarter 2024 financial results

Quarter driven by corporate actions for nasdaq compliance and building operational foundation for long term growth third quarter 2024 net loss of ($3.2) million compared to net loss of ($3.5) million for the prior year quarter, due to better gross margins third quarter 2024 revenues of $7.7 million compared to $23.3 million for the prior year quarter, driven by reduction in capital available for cell phone sales after repayment of the previously outstanding convertible note successfully met nasdaq compliance requirements to maintain nasdaq listing easton, pa, nov. 14, 2024 (globe newswire) -- eightco holdings inc. (nasdaq: octo) (the “company” or “eightco”) today announced financial results for the three months ended september 30, 2024. paul vassilakos, ceo of eightco and president of forever 8 fund, llc (“forever 8”), the company's largest subsidiary, said “the company continues to focus on prioritizing the forever 8 business in providing inventory capital for e-commerce sellers and refurbished apple product sellers.
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