Revenue Performance: For Q1 2024, Trump Media reported revenue of $770,500, reflecting a 33.24% decline year-over-year but marking a 2.53% improvement from the previous quarter.
Profitability Analysis: The company reported a gross profit of $677,100, which is a decrease of 39.17% YoY. Operating loss reached $98.4 million, showing a substantial increase in operational inefficiency as reflected in its Operating Income ratio of -127.65%. Net loss of $327.6 million signifies a net profit margin of -425.18%, emphasizing severe profitability challenges.
Balance Sheet Health: DJT's current ratio stands at 4.28, showcasing a strong liquidity position despite significant operational losses. Cash and cash equivalents reached $273.7 million at the end of Q1 2024, an increase of $271.2 million during the quarter, largely due to financing activities. However, the long-term debt is modest at $159,800, indicating manageable leverage.