Eva Live Inc. reported its financial performance for the third quarter and the nine months ended September 30, 2024, revealing significant changes compared to the previous fiscal period. The company generated revenue of $1,982,252 in Q3 2024, an increase from $1,699,174 in Q3 2023. For the nine-month period, revenue rose to $6,407,818, up from $3,124,653 in the same timeframe last year.

Despite the revenue growth, Eva Live Inc. faced substantial net losses. The company reported a net loss of $(5,529,477) for Q3 2024, a stark contrast to a net income of $489,990 in Q3 2023. For the nine months ended September 30, 2024, the net loss was $(5,699,697), compared to a net income of $862,402 for the same period in 2023. This shift in profitability is attributed to increased general and administrative expenses, which reached $6,535,287 in Q3 2024, representing 329.69% of revenue. Additionally, media traffic purchases surged to $4,576,586 for the nine months ended September 30, 2024, compared to $1,580,172 in the prior year.

The company's financial position showed mixed results. As of September 30, 2024, cash reserves increased to $849,263 from $472,509 at the end of 2023. Total current assets also rose to $2,636,645, up from $2,067,696. However, total liabilities increased significantly to $2,895,982 from $2,128,837, leading to a total stockholders’ equity deficit of $(199,337), down from $1,949,465 at the end of 2023. The accumulated deficit grew to $29,824,798 as of September 30, 2024, compared to $24,176,091 at the end of the previous year.

On a positive note, the company achieved a working capital surplus of $140,663 as of September 30, 2024, a recovery from a deficit of $61,141 at the end of 2023. As of November 19, 2024, the company had 125,002,349 shares of common stock outstanding.