AGBA Group Holding Ltd
For the period ended Mar 31, 2024. Filed May 15, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 15, 2024
ILLR$0.18-23.0%Stored close · as of Oct 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE LOSS
| Three months ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues: | ||
| Interest income: | ||
| Loans | $41,317 | $38,158 |
| Total interest income | 41,317 | 38,158 |
| Non-interest income: | ||
| Commissions | 6,722,758 | 10,015,627 |
| Recurring asset management service fees | 650,086 | 780,962 |
| Recurring asset management service fees, related party | 242,130 | 238,933 |
| Total non-interest income | 7,614,974 | 11,035,522 |
| Total revenues | 7,656,291 | 11,073,680 |
| Operating expenses: | ||
| Interest expense | (207,222) | (165,096) |
| Commission expense | (4,446,242) | (7,295,492) |
| Sales and marketing expense | (482,874) | (1,856,903) |
| Research and development expense | (458,338) | (878,986) |
| Personnel and benefit expense | (6,058,989) | (9,605,190) |
| Legal and professional fee | (875,111) | (3,395,440) |
| Allowance for expected credit losses | (991,338) | — |
| Other general and administrative expenses | (1,998,044) | (2,460,381) |
| Total operating expenses | (15,518,158) | (25,657,488) |
| Loss from operations | (7,861,867) | (14,583,808) |
| Other income (expense): | ||
| Interest income | 12,597 | 170,526 |
| Foreign exchange (loss) gain, net | (227,341) | 556,311 |
| Investment (loss) income, net | (37,356) | 1,723,064 |
| Change in fair value of warrant liabilities | — | 680 |
| Change in fair value of forward share purchase liability | — | (82,182) |
| Rental income | 14,066 | 59,507 |
| Sundry income | 77,188 | 56,644 |
| Total other (expense) income, net | (160,846) | 2,484,550 |
| Loss before income taxes | (8,022,713) | (12,099,258) |
| Income tax (expense) benefit | (37,521) | 26,648 |
| NET LOSS | $(8,060,234) | $(12,072,610) |
| Other comprehensive income (loss): | ||
| Foreign currency translation adjustment | 191,260 | (133,204) |
| COMPREHENSIVE LOSS | $(7,868,974) | $(12,205,814) |
| Weighted average number of ordinary shares outstanding – basic and diluted | 70,111,578 | 60,670,198 |
| Net loss per ordinary share – basic and diluted | $(0.11) | $(0.20) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.