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Defense Technologies International Corp. Reports Net Loss of $127.5 Million for the Quarter
Quarterly Revenue: $25.2 Million
August 17, 2023 - DEFENSE TECHNOLOGIES INTERNATIONAL CORP. [DTIID] (DTIC), a leading defense technology company, announced today its financial results for the quarter ended July 31, 2023. The company reported a net loss of $127.5 million for the quarter.
Financial Performance
DTIC's financial performance in Q3 2023 was impacted by several factors. Revenues for the quarter reached $25.2 million, representing a decrease of X% compared to the same period last year. The decline in revenue can be attributed to...