Kinetic Seas Incorporated /F/K/A Bellatora Inc (OTC: ECGR) is pleased to announce the signing of our 1st customer and 2nd Quarter Revenue Results
Kinetic Seas Incorporated (OTC: ECGR) has announced its first customer signing and Q2 2024 financial results. The company reported Q2 revenue of $61,771 and 6-month revenue of $72,325, with gross margins of 24.9% and 25.0% respectively. Kinetic Seas has recently completed offerings totaling $850,000 to fund Phase 1 of its business plan and working capital. The company has also finished Phase 1 of constructing a new Data Center with NVIDIA GPUs and launched a HIPAA-compliant AI Toolkit for the Healthcare Industry. Additionally, Kinetic Seas has established partnerships with Oasis AI Learning for educational outreach and with Reed Medical Group and Concierge Medical Management to integrate AI into concierge medicine.
Kinetic Seas Incorporated (OTC: ECGR) ha annunciato la sua prima firma di contratto e i risultati finanziari del Q2 2024. L'azienda ha riportato un fatturato del Q2 di $61.771 e un fatturato semestrale di $72.325, con margini lordi rispettivi del 24,9% e del 25,0%. Kinetic Seas ha recentemente completato offerte per un totale di $850.000 per finanziare la Fase 1 del suo piano aziendale e il capitale circolante. L'azienda ha inoltre terminato la Fase 1 della costruzione di un nuovo data center con GPU NVIDIA e lanciato un toolkit AI conforme HIPAA per il settore sanitario. Inoltre, Kinetic Seas ha stabilito partnership con Oasis AI Learning per l'educazione e con Reed Medical Group e Concierge Medical Management per integrare l'AI nella medicina concierge.
Kinetic Seas Incorporated (OTC: ECGR) ha anunciado su primer contrato firmado y resultados financieros del Q2 2024. La empresa reportó ingresos del Q2 de $61,771 y ingresos de 6 meses de $72,325, con márgenes brutos del 24.9% y 25.0% respectivamente. Kinetic Seas ha completado recientemente ofertas por un total de $850,000 para financiar la Fase 1 de su plan de negocio y capital de trabajo. La empresa también ha finalizado la Fase 1 de la construcción de un nuevo centro de datos con GPUs NVIDIA y lanzado un kit de herramientas de IA conforme a HIPAA para la industria de la salud. Además, Kinetic Seas ha establecido asociaciones con Oasis AI Learning para la educación y con Reed Medical Group y Concierge Medical Management para integrar la IA en la medicina de concierge.
Kinetic Seas Incorporated (OTC: ECGR)는 첫 고객 계약과 2024년 2분기 재무 결과를 발표했습니다. 회사는 2분기 매출 61,771달러와 6개월 매출 72,325달러를 보고했으며, 각각 24.9%와 25.0%의 총 마진을 기록했습니다. Kinetic Seas는 최근 850,000달러 규모의 자금 조달을 완료하여 사업 계획의 1단계 및 운영 자금을 지원했습니다. 회사는 또한 NVIDIA GPU를 활용한 새로운 데이터 센터의 1단계 건설을 마무리하고 의료 산업을 위한 HIPAA 준수 AI 툴킷을 출시했습니다. 추가로, Kinetic Seas는 교육 outreach를 위해 Oasis AI Learning 및 개인 의료에 AI를 통합하기 위해 Reed Medical Group 및 Concierge Medical Management와 파트너십을 체결했습니다.
Kinetic Seas Incorporated (OTC: ECGR) a annoncé sa première signature de client et les résultats financiers du Q2 2024. L'entreprise a rapporté un chiffre d'affaires du Q2 de 61 771 $ et un chiffre d'affaires de 6 mois de 72 325 $, avec des marges brutes de 24,9 % et 25,0 % respectivement. Kinetic Seas a récemment complété des offres totalisant 850 000 $ pour financer la Phase 1 de son plan d'affaires et le fonds de roulement. L'entreprise a également terminé la Phase 1 de la construction d'un nouveau Centre de Données avec des GPU NVIDIA et lancé une boîte à outils d'IA conforme à la HIPAA pour l'industrie de la santé. De plus, Kinetic Seas a établi des partenariats avec Oasis AI Learning pour le développement éducatif et avec Reed Medical Group et Concierge Medical Management afin d'intégrer l'IA dans la médecine concierge.
Kinetic Seas Incorporated (OTC: ECGR) hat seine erste Kundenunterzeichnung und die Finanzergebnisse für Q2 2024 bekannt gegeben. Das Unternehmen berichtete von Q2-Umsätzen von 61.771 USD und einem Umsatz von 6 Monaten von 72.325 USD, mit Bruttomargen von 24,9% und 25,0%. Kinetic Seas hat kürzlich Angebote in Höhe von insgesamt 850.000 USD abgeschlossen, um die Phase 1 seines Geschäftsplans und das Betriebskapital zu finanzieren. Das Unternehmen hat auch Phase 1 des Baus eines neuen Data Centers mit NVIDIA-GPUs abgeschlossen und ein HIPAA-konformes KI-Toolkit für die Gesundheitsbranche gestartet. Darüber hinaus hat Kinetic Seas Partnerschaften mit Oasis AI Learning für Bildungsangebote und mit Reed Medical Group und Concierge Medical Management zur Integration von KI in die Concierge-Medizin etabliert.
- Signed first customer, indicating market traction
- Generated Q2 revenue of $61,771 and 6-month revenue of $72,325
- Maintained gross margins of ~25% for both Q2 and 6-month periods
- Completed $850,000 in offerings to fund Phase 1 of business plan
- Finished Phase 1 of new Data Center construction with NVIDIA GPUs
- Launched HIPAA-compliant AI Toolkit for Healthcare Industry
- Established partnerships with Oasis AI Learning and medical groups
- Revenue figures are relatively low, indicating early-stage operations
- Gross margins of ~25% may be considered low for a technology company
- Reliance on capital raising ($850,000 offering) suggests negative cash flow
Revenue commencement comes at an already exciting time for the Company as we have recently announced:
- Completing Offerings totaling
$850,000 - Finishing Phase 1 of constructing a new Data Center with NVIDIA GPUs
- Launching a new HIPAA compliant AI Toolkit for the Healthcare Industry.
- Establishing a partnership with Oasis AI Learning (Oasis) to expand educational outreach and development program.
- Partnering with Reed Medical Group and Concierge Medical Management to integrate data science, machine learning, and artificial intelligence into concierge medicine.
CEO Edward Honour spoke on the developments saying, "under our leadership the Company has raised the capital necessary to complete Phase 1 of Our AI Data Center proving high-speed GPU and CPU resources to Our clients. The Company has also introduced a HIPPA-compliant AI toolkit designed to help medical professionals with management, administrative, and clinical processes and most recently we partnered with Oasis AI Learning to provide training for the next generation of AI professionals. These developments serve as essential steps in Kinetic Seas' commitment to growth, innovation, and education in the AI sector. The Company also continues to develop new services while working to provide innovative solutions to businesses' AI needs."
Complete Company News Releases can be found at https://www.kineticseas.com/pr-news
About Kinetic Seas Incorporated:
Kinetic Seas, previously Bellatora Inc, appointed Edward Honour as Chairman and CEO to lead the new company on December 14, 2023. Kinetic Seas is an Artificial Intelligence (AI) consulting, research and development, infrastructure, and software company with a primary focus on GPU Cloud Hosting, consulting, and education. Kinetic Seas' primary focus is helping clients navigate the rapidly changing environment of AI. Under the new leadership team, the Company will work to provide practical solutions on how to implement the modern technology into existing businesses successfully.
For more information about the Company, visit https://kineticseas.com.
Forward-Looking Statements:
This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond the company's control, including those set forth in the Risk Factors section of the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on April 10, 2024, and its Quarterly Report on Form 10-Q filed with the SEC on May 14, 2024, and any other SEC filings, as amended or updated from time to time. Copies of the Company's filings with the SEC are available on the Kinetic Seas website at https://www.kineticseas.com/sec-filings and the SEC's website.at www.SEC.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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SOURCE Kinetic Seas Incorporated
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