TEGO CYBER INC. Reports Net Loss of $4.85 Million in Q1 2023

TEGO CYBER INC.,(TGCB) a cybersecurity company, has announced its financial results for the first quarter of 2023. The company reported a net loss of $4.85 million during the period, while its revenue remained at $0. These results reflect the challenges faced by TEGO CYBER INC. as it continues to invest in its growth and development.

Net Loss of $4.85 Million in Q1 2023

TEGO CYBER INC., a leading cybersecurity company, has disclosed its financial performance for the first quarter of 2023. The company reported a net loss of $4.85 million during the three-month period ended March 31, 2023. This represents a significant increase in losses compared to the same period last year when the net loss amounted to $932,216. The substantial increase in the net loss can be attributed to higher operating expenses incurred by the company.

Revenue of $0 in Q1 2023