Integrated Ventures, Inc. Reports Net Loss of $25.4 Million for the Year Ended June 30, 2023
Annual Revenue Declined by $0.6 Million
INTEGRATED VENTURES, INC. [INTV], a leading technology company, has released its annual financial report for the year ended June 30, 2023. The company reported a net loss of $25.4 million, reflecting a significant decline compared to the previous year. Additionally, annual revenue decreased by $0.6 million.
Financial Performance
Despite the challenging financial performance, Integrated Ventures maintained a strong balance sheet with total assets amounting to $6.6 million. The company's current assets, including cash and prepaid expenses, decreased from $492.8 million to $265.2 million. Non-current assets, such as property and equipment, declined from $15.8 million to $6.3 million. These adjustments were mainly driven by impairments and the sale of certain equipment and digital currencies.
