Know Labs, Inc. Reports First Quarter FY2024 Results
Know Labs, Inc. (KNW)
Company Research
Source: Business Wire
SEATTLE--(BUSINESS WIRE)--Know Labs, Inc. (NYSE American: KNW), an emerging developer of non-invasive medical diagnostic technology, today reported financial results for the first quarter ended December 31, 2023.Financial Highlights:In Q1 FY 2024, Know Labs reported a net loss of $3.45 million dollars, compared to a net loss of $3.82 million dollars in Q1 FY 2023, a reduction in net loss of 9.8%. This translates to Earnings Per Share of a loss of $0.04, better than the prior year quarter Earnings Per Share Loss of $0.08, an improvement of 50%, before preferred stock dividends.Recorded a non-cash charge to earnings of $792,000 principally related to stock-based compensation of $699,000.Research and development expense for Q1 FY2024 was $1.48 million dollars as compared to $1.74 million dollars in Q1 FY 2023, a decrease of 14.7% year over year. The decrease in R&D expense was related to decreased personnel and the use of external consultants to reduce the cost of product development
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Earnings
- 2/14/24 - Miss
KNW
Sec Filings
- 4/17/24 - Form EFFECT
- 4/12/24 - Form 424B3
- 4/9/24 - Form S-1/A
- KNW's page on the SEC website