Tenet Reports Third Quarter 2024 Financial Results
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Tenet Fintech Group Inc. reported its Q3 2024 financial results, showing a revenue of $205,582 and a net loss of $24,692,225. The significant loss is attributed to a credit loss provision due to paused activities in China as the company transitions its revenue model.
November 30, 2024 | 3:15 am
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Tenet Fintech Group Inc. reported a net loss of $24.7M for Q3 2024, largely due to a credit loss provision from paused activities in China as it transitions its revenue model.
The significant net loss and credit loss provision due to paused activities in China are likely to negatively impact investor sentiment and the stock price in the short term.
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