Visium Technologies, Inc. Reports Net Loss of $3.3 Million for the Year Ended June 30, 2023

VISIUM TECHNOLOGIES, INC. [VISMD], a technology company, has reported a net loss of $3.3 million for the year ended June 30, 2023. The company's financial performance faced challenges during the year, resulting in a significant loss compared to the previous year. However, detailed financial information about the annual revenue is not available.

Financial Performance

Visium Technologies experienced an operating loss of $2.4 million, excluding other income and expenses, which include gains and losses on derivative liabilities, interest expenses, and debt settlement. The operating expenses for the year were $2.4 million, composed of $2.2 million in selling, general, and administrative expenses, and $0.2 million in development expenses. These expenses were significantly lower than the previous year's operating expenses of $4.7 million.