How did OCTO's revenue and expenses trend in Q3 2024?

In Q3 2024, Eightco Holdings (OCTO) experienced a decline in revenue and an increase in expenses, resulting in a negative net income. 1. **Revenue Trend**: OCTO's total revenue for Q3 2024 was $7.67 million, representing a year-over-year growth rate of -0.67%. This indicates a decrease in revenue compared to the same period last year. 2. **Expense Trend**: The total expenses for OCTO in Q3 2024 were $23.33 million. Without specific expense categories, it's not possible to analyze the allocation of these expenses. However, the fact that the total expenses are significantly higher than the revenue suggests that OCTO faced considerable financial challenges in the quarter. 3. **Net Income**: The net income for OCTO in Q3 2024 was -$3.18 million. This negative net income reflects the company's financial losses for the period, which can be attributed to the revenue decline and increased expenses. |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |OCTO|OCTO.O|Eightco Holdings|2023 Q4|-51.43101917593727|7796897|186| |OCTO|OCTO.O|Eightco Holdings|2024 Q1|-39.45882603935942|9619820|186| |OCTO|OCTO.O|Eightco Holdings|2024 Q2|-65.84922008416446|7017013|186| |OCTO|OCTO.O|Eightco Holdings|2024 Q3|-67.12007514338801|7672395|186| |code|Ticker|Name|Date|Total Expenses|Net Income|market_code| |---|---|---|---|---|---|---| |OCTO|OCTO.O|Eightco Holdings|2023 Q4||-6162876|186| |OCTO|OCTO.O|Eightco Holdings|2024 Q1||1940963|186| |OCTO|OCTO.O|Eightco Holdings|2024 Q2||4448892|186| |OCTO|OCTO.O|Eightco Holdings|2024 Q3||-3177373|186|