Why did Rezolve AI's operating expenses surge in Q3 2024?

Rezolve AI's operating expenses surged in Q3 2024 due to several factors: 1. **Unplanned Downtime Events**: There were unplanned downtime events at their manufacturing facility, which led to an estimated $1.3 million unfavorable impact on operating income. These events resulted from a combination of unabsorbed fixed costs and incremental maintenance expenditures. 2. **Project Sales Delays**: Certain project sales were delayed into the next quarter and next year, which affected the financial results of the third quarter. The company reported $45 million in revenue, with a gross margin of 32% and an operating loss of $21 million. The absence of significant project sales put pressure on the operating expenses. In conclusion, Rezolve AI's operating expenses surged in Q3 2024 primarily due to unplanned downtime events at their manufacturing facility and project sales delays. These factors led to increased expenses and a negative impact on the company's financial performance.