PAVS Q2 2024 Earnings Report — Paranovus Entertainment Technology Ltd. Revenue & Financial Results | Market Cap Arena

Paranovus Entertainment Technology Ltd.PAVS

Q2 2024 Earnings

Reported September 30, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2024	Q1 2024	Q2 2023	QoQ Change	YoY Change
Revenue	$68.5K	—	—	—	—
Op. Income	-$1M	—	—	—	—
Gross Margin	13.6%	—	—	—	—
Net Margin	-2579.6%	—	—	—	—
EPS (Diluted)	$-3.50	—	—	—	—
Free Cash Flow	-$966.4K	—	-$12M	—	91.7%

Income Statement

Item	Amount
REVENUE	$68.5K
Cost of Revenue	$59.2K
GROSS PROFIT	$9.3K
R&D Expenses	$0
Selling & Marketing	$4.1K
General & Administrative	$1M
SG&A Expenses	$1M
Other Expenses	$0
Operating Expenses	$1M
Cost & Expenses	$1M
OPERATING INCOME	-$1M
Interest Income	$153
Interest Expense	$113.2K
Other Income/Expenses	-$135.7K
INCOME BEFORE TAX	-$1M
Income Tax Expense	$0
Net Income from Continuing Ops	-$1M
Net Income from Discontinued Ops	-$885.6K
Other Adjustments	$0
NET INCOME	-$2M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$880.2K
D&A	$190.0K
EBIT	-$1M
EBITDA	-$966.7K
EPS	-$4
EPS Diluted	-$4

Cash Flow Statement

Item	Amount
Net Income	-$2M
Depreciation & Amortization	$190.0K
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$442.5K
Change in Working Capital	$167.0K
OPERATING CASH FLOW	-$966.4K
Capital Expenditure	-$7
Acquisitions (Net)	$0
Purchases of Investments	-$27M
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$27M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$26M
NET CASH FROM FINANCING	$28M
FREE CASH FLOW	-$966.4K
Net Change in Cash	-$236.7K