Eightco Holdings reports Q1 revenue $9.5M vs $15.89M last year

First quarter 2024 revenues of $9.6 million compared to $15.9 million for the prior year quarter, driven by reduction in capital available for cell phone sales after repayment of the convertible note. First quarter 2024 SG&A of $3.5 million, down 35.3% from $5.3 million in the prior year quarter. Significant improvement in first quarter 2024 net income of $4.9 million compared to a net loss of $49.9 million for the prior year quarter, due to improved operating performance and elimination of warrant losses related to a retired convertible note.