Know Labs, Inc. Reports Net Loss of $12.35 Million for Nine Months Ended June 30, 2023
Revenue from Digital Asset Sales Remains at $0, Operating Loss Widens to $11.69 Million
By USInMinutes
Published - Aug 18, 2023, 08:48 AM ET
Last Updated - Aug 18, 2023, 08:48 AM EDT
Know Labs, Inc.(KNW) and its subsidiarie s have released their consolidated financial statements for the nine months ended June 30, 2023. The financial data reveals that the company experienced a net loss of $12.35 million during this period. While the revenue from digital asset sales remained at $0, the operating loss expanded to $11.69 million, reflecting the challenges the company faced in the current market environment.
Net Loss Persists
Despite the efforts of Know Labs, Inc. and its subsidiaries, the financial statements show a net loss of $12.35 million for the nine months ended June 30, 2023. This represents a continuation of financial difficulties for the company during this period.
Revenue Stagnates
