AirNet Technology’s Equity Shifts from Deficit to Surplus

AirNet Technology (ANTE) has released an update.

AirNet Technology Inc. reports a substantial increase in total assets from $72,174 thousand as of December 31, 2023, to $96,365 thousand by June 30, 2024, while total liabilities also climbed from $93,261 thousand to $85,089 thousand in the same period. The shareholder’s equity saw a significant positive shift from a deficit of $21,087 thousand to a surplus of $11,276 thousand. Despite these changes, the company experienced a decrease in revenues and a persistent loss from continuing operations, with operating expenses outpacing net revenues.

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