Artisan Consumer Goods, Inc. Reports Net Loss of $42.8 Million for the Year

Artisan Consumer Goods, Inc. [ARRT], a leading consumer goods company, has released its annual financial report for the year ended June 30, 2023. The company reported a net loss of $42.8 million for the year, reflecting the challenges faced in the market. Despite the tough market conditions, the company generated annual revenue of $7.6 million.

Financial Performance

The financial performance of Artisan Consumer Goods, Inc. has been impacted by several factors. The company incurred operating expenses of $41.1 million, including stock-based compensation, professional fees, general and administrative expenses, and amortization expense. These expenses, along with the impairment expense of $0 million, contributed to the net loss for the year.