QXO Reports Second Quarter 2024 Results
QXO reported its Q2 2024 results, showing mixed performance. Total revenue increased to $14.54 million, up from $13.26 million in Q2 2023. However, the company swung to a net loss of $591,000 ($9.93 loss per share), compared to a net income of $344,000 ($0.52 EPS) in the same period last year. Adjusted EBITDA also declined to ($1.21) million from $705,000.
For the six-month period, total revenue grew to $28.98 million, but net loss was $452,000 ($9.72 loss per share). The company significantly boosted its cash position to $5.0 billion through private placements in July 2024. CEO Brad Jacobs highlighted three key milestones: assembling a senior management team, securing substantial cash, and positioning QXO for tech-forward leadership in building products distribution through acquisitions and organic growth.
QXO ha riportato i risultati del secondo trimestre 2024, mostrando performance miste. Il fatturato totale è aumentato a 14,54 milioni di dollari, rispetto ai 13,26 milioni di dollari del secondo trimestre 2023. Tuttavia, l'azienda ha registrato una perdita netta di 591.000 dollari (perdita di 9,93 dollari per azione), rispetto a un utile netto di 344.000 dollari (0,52 dollari per azione) nello stesso periodo dell'anno scorso. Anche l'EBITDA rettificato è diminuito a (1,21) milioni di dollari rispetto a 705.000 dollari.
Nel periodo di sei mesi, il fatturato totale è cresciuto a 28,98 milioni di dollari, ma la perdita netta è stata di 452.000 dollari (9,72 dollari di perdita per azione). L'azienda ha notevolmente aumentato la propria posizione di liquidità a 5,0 miliardi di dollari attraverso collocamenti privati a luglio 2024. L'amministratore delegato Brad Jacobs ha evidenziato tre traguardi chiave: la formazione di un team di gestione senior, il reperimento di un sostanzioso capitale e la posizione di QXO come leader tecnologico nella distribuzione di prodotti attraverso acquisizioni e crescita organica.
QXO informó sus resultados del segundo trimestre de 2024, mostrando un desempeño mixto. Los ingresos totales aumentaron a 14,54 millones de dólares, en comparación con 13,26 millones de dólares en el segundo trimestre de 2023. Sin embargo, la compañía registró una pérdida neta de 591,000 dólares (pérdida de 9,93 dólares por acción), en comparación con una ganancia neta de 344,000 dólares (0,52 dólares por acción) en el mismo periodo del año pasado. El EBITDA ajustado también disminuyó a (1,21) millones de dólares desde 705,000 dólares.
Para el período de seis meses, los ingresos totales crecieron a 28,98 millones de dólares, pero la pérdida neta fue de 452,000 dólares (9,72 dólares de pérdida por acción). La empresa aumentó significativamente su posición de efectivo a 5,0 mil millones de dólares a través de colocaciones privadas en julio de 2024. El CEO Brad Jacobs destacó tres hitos clave: la formación de un equipo de alta dirección, la obtención de un capital sustancial y el posicionamiento de QXO para un liderazgo tecnológico en la distribución de productos a través de adquisiciones y crecimiento orgánico.
QXO는 2024년 2분기 결과를 발표하며 혼합된 성과를 보였습니다. 총 수익은 1,454만 달러로 증가했으며, 이는 2023년 2분기의 1,326만 달러에서 증가한 수치입니다. 그러나 회사는 59만 1,000달러의 순손실을 기록했으며 (주당 9.93달러 손실), 이는 작년 같은 기간의 34만 4,000달러 순이익 (주당 0.52달러)과 대비됩니다. 조정 EBITDA는 또한 (120만 달러)의 손실로 줄어들었으며, 이는 705,000달러에서 감소한 것입니다.
6개월 동안 총 수익은 2,898만 달러로 증가했지만, 순손실은 45만 2,000달러 (주당 9.72달러 손실)였습니다. 회사는 2024년 7월 사모펀드를 통해 자금 포지션을 50억 달러로 크게 늘렸습니다. CEO인 브래드 제이콥스는 세 가지 주요 이정표를 강조했습니다: 고위 경영진 팀 구성, 상당한 자금 확보, 및 인수 및 유기적 성장을 통한 제품 유통에서 기술 선도자로서 QXO의 포지셔닝.
QXO a publié ses résultats du deuxième trimestre 2024, montrant une performance mitigée. Le chiffre d'affaires total a augmenté à 14,54 millions de dollars, contre 13,26 millions de dollars au deuxième trimestre 2023. Cependant, la société a enregistré une perte nette de 591 000 dollars (perte de 9,93 dollars par action), par rapport à un bénéfice net de 344 000 dollars (0,52 dollars EPS) au cours de la même période de l'année dernière. L'EBITDA ajusté a également diminué à (1,21) millions de dollars contre 705 000 dollars.
Pour la période de six mois, le chiffre d'affaires total a crû à 28,98 millions de dollars, mais la perte nette était de 452 000 dollars (perte de 9,72 dollars par action). La société a considérablement renforcé sa position de liquidités à 5,0 milliards de dollars grâce à des placements privés en juillet 2024. Le PDG Brad Jacobs a souligné trois jalons clés : la constitution d'une équipe de direction, l'obtention de liquidités substantielles et le positionnement de QXO en tant que leader technologique dans la distribution de produits par le biais d'acquisitions et de croissance organique.
QXO berichtete über die Ergebnisse des zweiten Quartals 2024 und zeigte eine gemischte Leistung. Der Gesamtumsatz stieg auf 14,54 Millionen Dollar, verglichen mit 13,26 Millionen Dollar im zweiten Quartal 2023. Das Unternehmen erlitt jedoch einen Nettoverlust von 591.000 Dollar (9,93 Dollar Verlust pro Aktie), verglichen mit einem Nettogewinn von 344.000 Dollar (0,52 Dollar EPS) im gleichen Zeitraum des Vorjahres. Auch das angepasste EBITDA ging auf (1,21) Millionen Dollar von 705.000 Dollar zurück.
Für den sechsmonatigen Zeitraum stieg der Gesamtumsatz auf 28,98 Millionen Dollar, aber der Nettoverlust betrug 452.000 Dollar (9,72 Dollar Verlust pro Aktie). Das Unternehmen hat seine Barmittelposition auf 5,0 Milliarden Dollar erheblich erhöht, durch Privatplatzierungen im Juli 2024. CEO Brad Jacobs hob drei wichtige Meilensteine hervor: die Bildung eines Führungsteams, die Sicherstellung erheblicher Barmittel und die Positionierung von QXO als technologieorientierten Marktführer im Vertrieb von Produkten durch Akquisitionen und organisches Wachstum.
- Total revenue increased by 9.65% to $14.54 million in Q2 2024
- Software product revenue grew by 14.55% to $3.78 million
- Service and other revenue rose by 8.03% to $10.76 million
- Cash position significantly increased to $5.0 billion after private placements
- Net loss of $591,000 in Q2 2024 compared to net income of $344,000 in Q2 2023
- Adjusted EBITDA decreased to ($1.21) million from $705,000 in Q2 2023
- Loss per share of $9.93 compared to earnings per share of $0.52 in Q2 2023
- Higher employee-related costs impacting Adjusted EBITDA
Insights
QXO's Q2 2024 results present a mixed financial picture. While revenue grew
The substantial cash infusion of approximately
The company's focus on tech-forward leadership in building products distribution could yield long-term benefits, but the immediate financial performance warrants caution. The stock's valuation should be carefully assessed against this backdrop of high cash reserves but current operational losses.
QXO's strategic pivot towards becoming a "tech-forward leader in building products distribution" signals a significant market opportunity. The building products sector is ripe for technological disruption and QXO's substantial cash position could fuel rapid market penetration through strategic acquisitions.
However, the company's current revenue scale of
Investors should closely monitor QXO's M&A activity and post-acquisition integration success in the coming quarters. The market's reaction to future deals will be important in determining the stock's performance, given the company's current lack of profitability and ambitious growth plans.
GREENWICH, Conn., Aug. 14, 2024 (GLOBE NEWSWIRE) -- QXO, Inc. (Nasdaq: QXO) today announced its second quarter results for the three and six months ended June 30, 2024.
Financial Highlights for the Three Months Ended June 30, 2024, Compared with the Three Months Ended June 30, 2023:
- Total revenue was
$14.54 million , compared with$13.26 million . - Software product revenue was
$3.78 million , compared with$3.30 million . - Service and other revenue was
$10.76 million , compared with$9.96 million . - Net loss was (
$591,000) or ($9.93) loss per basic and diluted share, compared with net income of$344,000 or$0.52 earnings per basic and diluted share. - Adjusted EBITDA, a non-GAAP measure, was (
$1.21) million , compared with$705,000. - As of June 30, 2024, the company had approximately
$971 million in cash on hand. In July 2024, the company completed two previously announced private placements, increasing its cash position to approximately$5.0 billion .
Financial Highlights for the Six Months Ended June 30, 2024, Compared with the Six Months Ended June 30, 2023:
- Total revenue was
$28.98 million , compared with$26.39 million . - Software product revenue was
$7.26 million , compared with$6.62 million . - Service and other revenue was
$21.72 million , compared with$19.77 million . - Net loss was (
$452,000) or ($9.72) loss per basic and diluted share, compared with net income of$621,000 or$0.95 earnings per basic and diluted share. - Adjusted EBITDA, a non-GAAP measure, was (
$708,000) , compared with$1.37 million .
The year-over-year declines in three- and six-month 2024 Adjusted EBITDA were due to higher employee-related costs in the second quarter, reflecting the introduction of a new senior management team to execute the company’s expansive growth plan.
Brad Jacobs, chairman and chief executive officer of QXO, said, “I’m pleased that we’ve achieved three significant milestones in less than 10 weeks since launching QXO. We have an accomplished senior management team and board of directors in place, and approximately
For more details on QXO’s three- and six-month results, refer to the company’s Form 10-Q filed with the U.S. Securities and Exchange Commission (“SEC”), accessible at www.sec.gov.
About QXO
QXO provides technology solutions, primarily to clients in the manufacturing, distribution and service sectors. The company provides consulting and professional services, including specialized programming, training and technical support, and develops proprietary software. As a value-added reseller of business application software, QXO offers solutions for accounting, financial reporting, enterprise resource planning, warehouse management systems, customer relationship management, business intelligence and other applications. QXO plans to become a tech-forward leader in the
Non-GAAP Financial Measures
As required by the rules of the SEC, we provide reconciliations of the non-GAAP financial measures contained in this press release to the most directly comparable measure under GAAP, which are set forth in the financial tables attached to this press release. QXO’s non-GAAP financial measures in this press release include Adjusted EBITDA.
We believe that the above adjusted financial measure facilitates analysis of our ongoing business operations because it excludes items that may not be reflective of, or are unrelated to, QXO’s core operating performance, and may assist investors with comparisons to prior periods and assessing trends in our underlying business. Other companies may calculate this non-GAAP financial measure differently, and therefore our measure may not be comparable to similarly titled measures of other companies. This non-GAAP financial measure should only be used as a supplemental measure of our operating performance.
Adjusted EBITDA includes adjustments for share-based compensation, transaction, and severance costs as set forth in the attached reconciliation. Transaction adjustments are generally incremental costs that result from an actual or planned acquisition or divestiture and may include transaction costs, consulting fees, retention awards, internal salaries and wages (to the extent the individuals are assigned full-time to integration and transformation activities) and certain costs related to integrating and converging IT systems. Management uses this non-GAAP financial measure in making financial, operating and planning decisions and evaluating QXO’s ongoing performance.
We believe that Adjusted EBITDA improves comparability from period to period by removing the impact of our capital structure (interest and financing expenses), asset base (depreciation and amortization), tax impacts and other adjustments as set out in the attached tables that management has determined are not reflective of core operating activities and thereby assist investors with assessing trends in our underlying businesses.
Because of these limitations, you should consider Adjusted EBITDA alongside other financial performance measures, including various cash flow metrics, net income (loss), and our other GAAP results.
Forward-Looking Statements
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are not historical facts, including statements about beliefs, expectations, targets and goals are forward-looking statements. These statements are based on plans, estimates, expectations and/or goals at the time the statements are made, and readers should not place undue reliance on them. In some cases, readers can identify forward-looking statements by the use of forward-looking terms such as “may,” “will,” “should,” “expect,” “opportunity,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “target,” “goal,” or “continue,” or the negative of these terms or other comparable terms. Forward-looking statements involve inherent risks and uncertainties and readers are cautioned that a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statements. Factors that could cause actual results to differ materially from those described herein include, among others:
- risks associated with potential significant volatility and fluctuations in the market price of the company’s common stock;
- risks associated with raising additional equity or debt capital from public or private markets to pursue the company’s business plan, including potentially one or more additional private placements of common stock, and the effects that raising such capital may have on the company and its business, including the risk of substantial dilution or that the company’s common stock may experience a substantial decline in trading price;
- the possibility that additional future financings may not be available to the company on acceptable terms or at all;
- the possibility that an active, liquid trading market for the company’s common stock may not develop or, if developed, may not be sustained;
- the possibility that the company’s outstanding warrants and preferred stock may or may not be converted or exercised, and the economic impact on the company and the holders of common stock of the company that may result from either such exercise or conversion, including dilution, or the continuance of the preferred stock remaining outstanding, and the impact its terms, including its dividend, may have on the company and the common stock of the company;
- uncertainties regarding the company’s focus, strategic plans and other management actions;
- the risk that the company is or becomes highly dependent on the continued leadership of Brad Jacobs as chairman and chief executive officer and the possibility that the loss of Mr. Jacobs in these roles could have a material adverse effect on the company’s business, financial condition and results of operations;
- the possibility that the concentration of ownership by Mr. Jacobs may have the effect of delaying or preventing a change in control of the company and might affect the market price of shares of the common stock of the company;
- the risk that Mr. Jacobs’ past performance may not be representative of future results;
- the risk that the company is unable to attract and retain world-class talent;
- the risk that the failure to consummate any acquisition expeditiously, or at all, could have a material adverse effect on the company’s business prospects, financial condition, results of operations or the price of the company’s common stock;
- risks that the company may not be able to enter into agreements with acquisition targets on attractive terms, or at all, that agreed acquisitions may not be consummated, or, if consummated, that the anticipated benefits thereof may not be realized and that the company encounter difficulties in integrating and operating such acquired companies, or that matters related to an acquired business (including operating results or liabilities or contingencies) may have a negative effect on the company or its securities or ability to implement its business strategy, including that any such transaction may be dilutive or have other negative consequences to the company and its value or the trading prices of its securities;
- risks associated with cybersecurity and technology, including attempts by third parties to defeat the security measures of the company and its business partners, and the loss of confidential information and other business disruptions;
- the possibility that new investors in any future financing transactions could gain rights, preferences and privileges senior to those of the company’s existing stockholders;
- the possibility that building products distribution industry demand may soften or shift substantially due to cyclicality or seasonality or dependence on general economic conditions, including inflation or deflation, interest rates, governmental subsidies or incentives, consumer confidence, labor and supply shortages, weather and commodity prices;
- the possibility that regional or global barriers to trade or a global trade war could increase the cost of products in the building products distribution industry, which could adversely impact the competitiveness of such products and the financial results of businesses in the industry;
- risks associated with periodic litigation, regulatory proceedings and enforcement actions, which may adversely affect the company’s business and financial performance;
- uncertainties regarding general economic, business, competitive, legal, regulatory, tax and geopolitical conditions; and
- other factors, including those set forth in the company’s filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and subsequent Quarterly Reports on Form 10-Q.
You should not rely on forward-looking statements as predictions of future events, and you should understand that these statements are not guarantees of performance or results, and our actual results could differ materially from those expressed in the forward-looking statements due to a variety of factors. We have based the forward-looking statements contained in this document primarily on our current assumptions, expectations and projections about future events and trends that we believe may affect our business, financial condition, and results of operations. Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this document. The results, events and circumstances reflected in the forward-looking statements may not be achieved or occur, and actual results, events or circumstances could differ materially from those described in the forward-looking statements.
Forward-looking statements herein speak only as of the date each statement is made. The company undertakes no obligation to update any of these statements in light of new information or future events, except to the extent required by applicable law.
Media Contact:
Joe Checkler
joe.checkler@qxo.com
203-609-9650
Investor Contact:
Mark Manduca
mark.manduca@qxo.com
203-321-3889
QXO, INC. AND SUBSIDIARIES | |||||||
CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||
(in thousands, except share and per share data) | |||||||
June 30, 2024 | December 31, 2023 | ||||||
ASSETS | (unaudited) | ||||||
Current assets: | |||||||
Cash and cash equivalents | $ | 971,284 | $ | 6,143 | |||
Accounts receivable, net | 3,015 | 2,969 | |||||
Prepaid expenses and other current assets | 5,539 | 2,684 | |||||
Total current assets | 979,838 | 11,796 | |||||
Property and equipment, net | 511 | 503 | |||||
Operating lease right-of-use assets | 380 | 522 | |||||
Intangible assets, net | 4,486 | 4,919 | |||||
Goodwill | 1,140 | 1,140 | |||||
Deferred tax assets | 1,614 | 1,444 | |||||
Other non-current assets | 216 | 171 | |||||
Total assets | $ | 988,185 | $ | 20,495 | |||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||
Current liabilities: | |||||||
Accounts payable | $ | 6,194 | $ | 4,563 | |||
Accrued expenses | 5,397 | 2,681 | |||||
Deferred revenue | 3,113 | 3,161 | |||||
Long-term debt – current portion | 784 | 702 | |||||
Finance lease obligations – current portion | 141 | 154 | |||||
Operating lease liabilities – current portion | 217 | 263 | |||||
Total current liabilities | 15,846 | 11,524 | |||||
Long-term debt net of current portion | 693 | 994 | |||||
Finance lease obligations net of current portion | 247 | 247 | |||||
Operating lease liabilities net of current portion | 164 | 259 | |||||
Total liabilities | 16,950 | 13,024 | |||||
Commitments and contingencies | |||||||
Stockholders’ equity: | |||||||
Preferred stock, | 498,684 | - | |||||
Common stock, | - | - | |||||
Additional paid-in capital | 474,951 | 9,419 | |||||
Accumulated deficit | (2,400 | ) | (1,948 | ) | |||
Total stockholders’ equity | 971,235 | 7,471 | |||||
Total liabilities and stockholders’ equity | $ | 988,185 | $ | 20,495 |
QXO, INC. AND SUBSIDIARIES | |||||||||||||||
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||||||||||
(in thousands, except per share data) | |||||||||||||||
(Unaudited) | |||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||
June 30, 2024 | June 30, 2023 | June 30, 2024 | June 30, 2023 | ||||||||||||
Revenue: | |||||||||||||||
Software product, net | $ | 3,776 | $ | 3,298 | $ | 7,256 | $ | 6,620 | |||||||
Service and other, net | 10,764 | 9,959 | 21,719 | 19,765 | |||||||||||
Total revenue, net | 14,540 | 13,257 | 28,975 | 26,385 | |||||||||||
Cost of revenue | |||||||||||||||
Product | 2,369 | 2,027 | 4,568 | 3,960 | |||||||||||
Service and other | 6,376 | 6,045 | 12,955 | 11,883 | |||||||||||
Total cost of revenue | 8,745 | 8,072 | 17,523 | 15,843 | |||||||||||
Operating expenses: | |||||||||||||||
Selling, general and administrative expenses | 9,835 | 4,525 | 15,024 | 9,305 | |||||||||||
Depreciation and amortization expenses | 261 | 204 | 501 | 411 | |||||||||||
Total operating expenses | 10,096 | 4,729 | 15,525 | 9,716 | |||||||||||
(Loss) income from operations | (4,301 | ) | 456 | (4,073 | ) | 826 | |||||||||
Other income (expense), net: | |||||||||||||||
Interest income (expense), net | 3,470 | (17 | ) | 3,450 | (35 | ) | |||||||||
Total other income (expense) | 3,470 | (17 | ) | 3,450 | (35 | ) | |||||||||
(Loss) income before taxes | (831 | ) | 439 | (623 | ) | 791 | |||||||||
(Benefit) provision for income taxes | (240 | ) | 95 | (171 | ) | 170 | |||||||||
Net (loss) income | $ | (591 | ) | $ | 344 | $ | (452 | ) | $ | 621 | |||||
(Loss) earnings per common share – basic and fully diluted | $ | (9.93 | ) | $ | 0.52 | $ | (9.72 | ) | $ | 0.95 | |||||
Weighted average shares outstanding: | |||||||||||||||
Basic | 664 | 657 | 664 | 657 | |||||||||||
Diluted | 664 | 657 | 664 | 657 |
QXO, INC. AND SUBSIDIARIES | |||||||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | |||||||
(in thousands) | |||||||
(Unaudited) | |||||||
Six Months Ended June 30, | |||||||
2024 | 2023 | ||||||
Cash flows from operating activities: | |||||||
Net (loss) income | $ | (452 | ) | $ | 621 | ||
Adjustments to reconcile net (loss) income to net cash used in operating activities: | |||||||
Deferred income taxes | (171 | ) | 220 | ||||
Depreciation | 142 | 178 | |||||
Amortization of intangibles | 432 | 324 | |||||
Non-cash lease expense | 140 | 188 | |||||
Provision for expected losses | 25 | (68 | ) | ||||
Share-based compensation | - | 41 | |||||
Changes in assets and liabilities: | |||||||
Accounts receivable | (71 | ) | 73 | ||||
Prepaid expenses and other current assets | (2,855 | ) | (611 | ) | |||
Other assets | (144 | ) | - | ||||
Accounts payable | 1,631 | (452 | ) | ||||
Accrued expenses | 829 | (257 | ) | ||||
Deferred revenue | (48 | ) | (393 | ) | |||
Operating lease liabilities | (141 | ) | (188 | ) | |||
Net cash used in operating activities | (683 | ) | (324 | ) | |||
Cash flows from investing activities: | |||||||
Purchase of property and equipment | (62 | ) | (24 | ) | |||
Net cash used in investing activities | (62 | ) | (24 | ) | |||
Cash flows from financing activities: | |||||||
Payment of long-term debt | (219 | ) | (422 | ) | |||
Proceeds from issuance of preferred stock and warrants, net of offering costs | 983,650 | - | |||||
Payment of common-stock dividend | (17,400 | ) | - | ||||
Cash payment for fractional shares | (45 | ) | - | ||||
Payment of finance lease obligations | (100 | ) | (109 | ) | |||
Net cash provided by (used in) financing activities | 965,886 | (531 | ) | ||||
Net increase (decrease) in cash | 965,141 | (879 | ) | ||||
Cash, beginning of period | 6,143 | 8,009 | |||||
Cash, end of period | $ | 971,284 | $ | 7,130 | |||
Cash paid during period for: | |||||||
Interest | $ | 23 | $ | 58 | |||
Income taxes | $ | - | $ | 23 |
QXO, INC. AND SUBSIDIARIES | |||||||||||||||
RECONCILIATION OF NET (LOSS) INCOME TO ADJUSTED EBITDA | |||||||||||||||
(in thousands) | |||||||||||||||
(Unaudited) | |||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||
June 30, 2024 | June 30, 2023 | June 30, 2024 | June 30, 2023 | ||||||||||||
Net (loss) income | $ | (591 | ) | $ | 344 | $ | (452 | ) | $ | 621 | |||||
Add (deduct): | |||||||||||||||
Depreciation and amortization | 303 | 249 | 574 | 502 | |||||||||||
Share-based compensation | - | - | - | 41 | |||||||||||
Interest (income) expense | (3,470 | ) | 17 | (3,450 | ) | 35 | |||||||||
(Benefit) provision for income taxes | (240 | ) | 95 | (171 | ) | 170 | |||||||||
Transaction costs | 23 | - | 23 | - | |||||||||||
Severance costs | 2,768 | - | 2,768 | - | |||||||||||
Adjusted EBITDA | $ | (1,207 | ) | $ | 705 | $ | (708 | ) | $ | 1,369 |
FAQ
What was QXO's total revenue for Q2 2024?
How did QXO's net income change in Q2 2024 compared to Q2 2023?
What was QXO's cash position after the private placements in July 2024?