As of September 30, 2024, Data Call Technologies, Inc. reported total current assets of $90,091, which includes cash of $22,437 and accounts receivable of $66,814. The company's total assets increased to $193,409 from $165,721 as of December 31, 2023. However, total current liabilities rose significantly to $163,724 from $108,796 during the same period, leading to a decrease in stockholders' equity to $29,685 from $56,925.
For the three months ended September 30, 2024, Data Call Technologies experienced a decline in revenues, reporting $120,125, down approximately 13.1% from $138,233 in the same period of 2023. The gross margin for this quarter was $64,337, compared to $79,764 in the prior year. The company reported a net loss of $(8,577) for the quarter, a stark contrast to the net income of $16,767 recorded in the same period in 2023.
For the nine months ended September 30, 2024, total revenues amounted to $383,841, reflecting a decrease of approximately 7.5% from $414,864 in the same period of 2023. The net loss for this nine-month period was $(27,240), compared to a net income of $12,488 in the previous year. As of September 30, 2024, the company reported negative working capital of $73,633 and an accumulated deficit of $10,011,708. Additionally, net cash used in operating activities for the nine months was $(13,872).
These financial results indicate significant challenges for Data Call Technologies, particularly in revenue generation and profitability, as evidenced by the substantial losses reported in both the quarterly and year-to-date figures.
About Data Call Technologies
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