Tian Ruixiang Holdings (TIRX) has released an update.
Tian Ruixiang Holdings Ltd reports a substantial increase in cash holdings from $2,383 to $27,456,502 as of April 2024, alongside a notable shift from short-term investments to cash and restricted cash. The company’s total assets rose to $37,967,293 from $35,479,774, while it also reported a net accumulated deficit increase and a slight decrease in shareholders’ equity. Operating expenses outpaced revenues, resulting in a loss from operations of $2,962,830 for the six months ended April 2024.
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