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REST EZ Inc. Reports Net Loss of $5.8 Million for the Quarter
Quarterly Revenue Shows No Significant Growth
REST EZ Inc. [RTEZ], a leading sleep solutions provider, released its financial results for the quarter ended June 30, 2023. The company reported a net loss of $5.8 million for the quarter, indicating a challenging period for the organization. Additionally, the quarterly revenue remained stagnant with no significant growth.
Despite the challenging operating environment, REST EZ Inc. managed to maintain its financial stability during the quarter. The company's total assets stood at $2.6 million as of June 30, 2023, showing a marginal increase compared to the previous quarter. However, total liabilities also increased, resulting in a stockholders' deficit of $174.3 million.