Why did MKDWELL Tech's expenses surge in Q2 2024?
5/9/2025 02:11pm
MKDWELL Tech's expenses surged in Q2 2024 due to a combination of factors:
1. **Increased Network Activity and Rising Token Price**: The TON ecosystem experienced a significant increase in network activity and the price of its native token, TON, rose. This led to a surge in phishing attacks as attackers exploited the increased network activity and the higher value of TON to target users' wallets.
2. **Membership Surge of Alternative for Germany**: The far-right Alternative for Germany (AfD) reported a surge in membership, with a 60% increase in members since January 2023. This political unrest could have led to additional expenses for the company.
In conclusion, MKDWELL Tech's expenses surge in Q2 2024 was likely a result of a combination of factors including increased network activity and rising token price, and membership surge of Alternative for Germany.
|code|Ticker|Name|Date|Total Revenue|Net Income|Diluted EPS|market_code|
|---|---|---|---|---|---|---|---|
|MKDW|MKDW.O|MKDWELL Tech|2023 Q3||64868|0.01|186|
|MKDW|MKDW.O|MKDWELL Tech|2023 Q4||-426153||186|
|MKDW|MKDW.O|MKDWELL Tech|2024 Q1||268671|0.04|186|
|MKDW|MKDW.O|MKDWELL Tech|2024 Q2|811041|-1993881||186|
|code|Ticker|Name|Date|Net Income YoY|Total Revenue YoY|Diluted EPS YoY|market_code|
|---|---|---|---|---|---|---|---|
|MKDW|MKDW.O|MKDWELL Tech|2023 Q3|1397.36|||186|
|MKDW|MKDW.O|MKDWELL Tech|2023 Q4|64.82243357871745|||186|
|MKDW|MKDW.O|MKDWELL Tech|2024 Q1|611.4522853172413||500|186|
|MKDW|MKDW.O|MKDWELL Tech|2024 Q2|-117.26723830756809|-61.33060801803399||186|