Company: LTRYW
Filing Date: 2025-05-07
Form Type: S-1/A
Source: 0001641172-25-009053
Chunk: 121

Company: Lottery.com Inc.
Filing Date: 2025-05-07
Form: S-1/A
Chunk 121
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,943,036 |   |     |     |       11 | % |
| Other comprehensive loss                                  |     |                                 |             |   |     |   |             |   |     |   |            |   |     |     |          |   |
| Foreign currency translation adjustment, net              |     | $                               |     317,424 |   |     | $ |     (70,273 | ) |     | $ |    387,697 |   |     |     |      552 | % |
| Comprehensive loss                                        |     | $                               | (28,391,651 | ) |     | $ | (25,836,312 | ) |     | $ |  2,555,339 |   |     |     |       10 | % |
| Net income (loss) attributable to noncontrolling interest |     | $                               |    (170,046 | ) |     | $ |    (272,613 | ) |     | $ |   (102,567 | ) |     |     |      -38 | % |
| Net loss attributable to Lottery.com Inc.                 |     | $                               | (28,221,605 | ) |     | $ | (25,563,699 | ) |     | $ |  2,657,906 |   |     |     |       10 | % |

Revenues

Revenue.Revenue for the year ended December 31, 2024 was $1.07 million, a decrease of $5.95 million, or (85)%, compared to revenue of $7.02 million for the year ended December 31, 2023. The decrease is primarily because revenue from the bulk ticket sale that took place in April of 2023 did not reoccur in 2024.

Cost of Revenue. Cost of revenue includes product costs, commission expense to affiliates and commercial partners, and merchant processing fees. Cost of revenue for the year ended December 31, 2024 was $321,000, a decrease of $5.35 million, or 94%, compared to cost of revenue of $5.67 million for the year ended December 31, 2023. The decrease in COGS is because the costs for tickets and commissions to a retail partner resulting from the bulk ticket sale that took place in April of 2023 did not reoccur in 2024.

Gross Profit. Gross profit for the year ended December