06:02 PM EDT, 05/20/2024 (MT Newswires) -- (Updates with revenue in the second paragraph and going-concern mitigation in the last two paragraphs.)

Trump Media & Technology ( DJT ) reported a Q1 adjusted loss before interest, tax, depreciation, and amortization of $12.1 million, compared with a $3.63 million loss a year earlier.

Revenue in the three months ended March 31 fell to $770,500 from $1.12 million a year earlier, the company said Monday in a regulatory filing.

The company said there is no "substantial doubt" regarding its ability to continue as a going concern as of March 31 with the "substantial doubt" as of Dec. 31 "mitigated."

The company said it has "sufficient" working capital to fund operations for at least the next 12 months.

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