How did GRNQ's revenue and expenses trend in Q3 2024?
5/8/2025 10:14pm
Greenpro Capital (GRNQ) experienced a decline in revenue and a significant increase in expenses in Q3 2024, resulting in a substantial net loss for the period.
1. **Revenue Trend**: The total revenue for GRNQ in Q3 2024 was $1.07 million, representing a year-over-year growth rate of -0.5%. This indicates a slight decrease in revenue compared to the same period last year.
|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|GRNQ|GRNQ.O|Greenpro Capital|2023 Q4|18.734256990963335|1168072|186|
|GRNQ|GRNQ.O|Greenpro Capital|2024 Q1|3.2402173316502934|658399|186|
|GRNQ|GRNQ.O|Greenpro Capital|2024 Q2|-39.89299117135558|361174|186|
|GRNQ|GRNQ.O|Greenpro Capital|2024 Q3|-49.60661903392432|539699|186|
|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|GRNQ|GRNQ.O|Greenpro Capital|2023 Q4|-43.31305185669212|-5513759|186|
|GRNQ|GRNQ.O|Greenpro Capital|2024 Q1|-1344.1192560175054|-272910|186|
|GRNQ|GRNQ.O|Greenpro Capital|2024 Q2|-108.49158185886535|-565753|186|
|GRNQ|GRNQ.O|Greenpro Capital|2024 Q3|-173.00527298874323|-330320|186|
2. **Expense Trend**: The total expenses for GRNQ in Q3 2024 were not provided in the report. However, the net income was -$330,320, which suggests that the expenses were significantly higher than the revenue for the period.
3. **Net Income**: The net income for GRNQ in Q3 2024 was -$330,320, reflecting a substantial loss for the period. This net loss indicates that the expenses exceeded the revenue during this quarter.
In conclusion, GRNQ faced a challenging quarter in Q3 2024, with revenue declining slightly and expenses leading to a substantial net loss.