Why did COLA's Q3 2024 expenses exceed profits?

The Q3 2024 financial results for Columbus Acquisition (COLA) show a total revenue of -$12,364, with no corresponding net income data provided, but operating expenses, R&D expenses, and selling, general, and administrative expenses are all listed as zero. Given the negative total revenue and the absence of net income data, it is not possible to determine the reasons for the expenses exceeding profits in this quarter. However, if we consider the available information on Columbus A/S (OCSE:COLUM), which is likely the parent company of COLA, we can infer some potential factors that could contribute to such a situation: 1. **Setbacks in Specific Business Lines**: Columbus A/S has faced challenges in the security and digital commerce sectors, which have impacted their profit before tax. The acquisition of ICY Security has led to extraordinary adjustments that have further affected their financial performance. 2. **Revenue Reduction in Certain Markets**: Although Columbus A/S reported a 9% revenue increase in Q2 2024, Sweden experienced a decline of 9% in revenue, which could have had a cumulative effect on profitability across the group, including COLA. Without detailed financial information for COLA specifically, it is challenging to provide a definitive analysis. However, the factors listed above, particularly the impact of acquisitions and performance in specific market segments, are likely contributing factors to the observed financial results.