Pluri Inc. Reports Net Loss of $28.9 Million for the Year Ended June 30, 2023

Pluri Inc. [PLUR], a leading company in the [industry], has released its annual financial report for the year ended June 30, 2023. The company reported a net loss of $28.9 million for the year, which is a decrease from the net loss of $41.4 million reported in the previous year. Despite the challenging market conditions, Pluri Inc. managed to generate annual revenue of $287 million.

Financial Performance

Pluri Inc.'s financial performance has shown improvement compared to the previous year. The company's gross profit increased from $234 million to $278 million, indicating improved efficiency in its operations. Operating expenses also decreased, with research and development expenses dropping from $24.6 million to $15.7 million and general and administrative expenses decreasing from $17.4 million to $11.8 million. The reduction in expenses contributed to the improvement in operating loss, which decreased from $41.6 million to $27.2 million.