Color Star Technology Co. Ltd. Reports No Revenue for Six Months Ending December 2024, Net Loss Widens to $22.8M

Reuters
06/26
<a href="https://laohu8.com/S/ADD">Color Star Technology Co. Ltd</a>. Reports No Revenue for Six Months Ending December 2024, Net Loss Widens to $22.8M

Color Star Technology Co., Ltd. released its unaudited condensed consolidated financial results for the six months ended December 31, 2024. The company reported no revenue for this period, a significant decrease from the $1.06 million recorded in the same period in 2023. The company also reported a net loss of $22.82 million, compared to a net loss of $21.12 million in the previous year. The results highlight a gross profit reduction, moving from $267,042 in 2023 to zero in 2024. Selling, general, and administrative expenses increased to $3.90 million from $3.63 million the previous year. Additionally, the allowance for credit losses decreased significantly to $740,000 from $15.79 million in 2023. The company also reported an impairment loss of intangible assets amounting to $14.63 million, with no such loss recorded in the previous year. No outlook or guidance was provided in the report regarding future performance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Color Star Technology Co. Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-057788), on June 25, 2025, and is solely responsible for the information contained therein.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10