Core Insights - Mercurity Fintech Holding Inc. reported significant growth in GAAP revenue for the first half of 2024, reaching USD$517,177, which is an increase of 110.03% compared to USD$246,242 in the first half of 2023 [2] - The company experienced a reduction in GAAP gross loss, which decreased by 38.18% to USD$276,444 from USD$447,178 in the same period last year [2] - However, the GAAP net loss increased by 48.71%, amounting to USD$3,834,465 compared to a net loss of USD$2,578,541 in the first half of 2023 [2] Financial Performance - GAAP Revenue: USD$517,177 for H1 2024, up from USD$246,242 in H1 2023, reflecting a growth of 110.03% [2] - GAAP Gross Loss: USD$276,444 for H1 2024, down from USD$447,178 in H1 2023, indicating a decrease of 38.18% [2] - GAAP Net Loss: USD$3,834,465 for H1 2024, compared to USD$2,578,541 in H1 2023, showing an increase of 48.71% [2] Company Overview - Mercurity Fintech Holding Inc. operates as a digital fintech company with a focus on distributed computing and digital consultation across North America and the Asia-Pacific region [4] - The company aims to provide innovative financial solutions while maintaining compliance, professionalism, and operational efficiency [4] - Mercurity is dedicated to contributing to the evolution of digital finance by offering secure and innovative financial services to both individuals and businesses [4]
Mercurity Fintech Announces Unaudited Financial Results for First Half 2024