CONX Corp (CNXX) reported Q3 2024 results consistent with its shell-company profile: robust cash reserves and no meaningful operating cash flow, culminating in a substantial net loss driven primarily by non-operating items rather than core operating activities. Revenue for Q3 stood at $750.6 million, reflecting a QoQ increase of 50% from the prior quarter’s reported level, but operating income was negative by $1.156 billion and EBITDA was likewise negative at $1.156 billion, with total other income/expenses contributing a sizeable $2.335 billion drag. The net result was a net loss of $3.429 billion and diluted EPS of -$162.12 to -$181.14 depending on share count metrics, underscoring the non-operational nature of current earnings.