Tue, May 14, 9:07 PM (245 days ago)
ATEL 17, LLC's Form 10-Q for the quarter ending March 31, 2024, reveals a net loss of $101,000, a slight improvement from a $131,000 loss in the same quarter of 2023. Operating revenues decreased by 2% to $430,000, primarily due to a decline in operating lease revenue, partially offset by a $10,000 gain on equipment sales. Operating expenses fell by 7%, driven by lower depreciation, professional fees, and interest expenses. Cash and cash equivalents dropped to $633,000 from $1 million at the end of 2023. The company distributed $513,000 to members and repaid $94,000 in non-recourse debt. The liquidity remains adequate for the next twelve months, with no significant commitments or contingencies.