How did Lottery.com's revenue and expenses trend in Q3 2024?

Lottery.com's revenue and expenses in Q3 2024 showed a decline in revenue and a significant increase in expenses, resulting in a substantial net loss.

1. Revenue Trend: The company's total revenue for Q3 2024 was $200,655. This represents a decrease from the previous quarter's revenue, indicating a decline in the company's sales or services rendered.
2. Cost of Revenue: The cost of goods sold (COGS) for the same period was $83,829. This suggests that the cost associated with generating revenue increased, potentially due to higher operational costs or increased expenses.
3. Operating Expenses: The company reported an operating loss of $8.05 million. This figure is substantial and indicates that the expenses incurred during the period were significantly higher than the revenue generated, leading to a negative net income.
4. Net Income: The negative net income of $8.05 million reflects the company's financial performance for the quarter, which was deeply in the red due to the combination of lower revenue and higher expenses.