What factors influenced XTKG's EPS in Q2 2021?
4/7/2025 02:27pm
X3 Holdings Co., Ltd. Ordinary Shares (XTKG) did not report an EPS in Q2 2024. However, for the half year ended June 30, 2024, the company reported a basic loss per share from continuing operations of USD 0.8, compared to USD 396.14 a year ago. The factors influencing its EPS in Q2 2024 can be analyzed from the following aspects:
1. **Revenue Decline**: X3 Holdings reported a revenue decline amid financial adjustments. The company's revenue was USD 4.99 million for the half year ended June 30, 2024, compared to USD 6.58 million a year ago. This decline in revenue could be a contributing factor to the negative EPS.
2. **Net Loss**: The company reported a net loss of USD 10.49 million for the half year ended June 30, 2024, compared to USD 57.46 million a year ago. The reduction in net loss from the previous year could indicate improved financial performance, which might have positively influenced the EPS.
3. **Earnings Adjustments**: X3 Holdings has been making adjustments to its financials, which could be impacting its EPS. For instance, the company consolidated its shares in November 2024, which could affect the EPS calculation.
In conclusion, XTKG's EPS in Q2 2024 was influenced by its revenue decline and net loss, but the net loss reduction and earnings adjustments might have had a positive impact.