AiXin Life reports FY 2022 revenue $2.7M (-11.7% YoY); operating loss $2.6M; cash plummets to $510K

AiXin Life International, Inc.

2024-Q1 EPS reported -$0.02 revenue$24,055

Sales revenue $2.7M, down 11.7% vs 2021; advertising revenue zero in 2022 vs $1.9M in 2021.
Operating loss widened to $2.6M from $27K loss in 2021; operating expenses rose to $5.3M.
Recorded $3.8M impairment loss from Yunnan Runcangsheng acquisition; net non-operating expense $3.8M.
Cash and equivalents fell to $510K from $8.6M; current assets $2.1M vs current liabilities $5.2M.
10-K filing expected by April 28, 2023; audit substantially complete.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AiXin Life International, Inc. reported calendar year 2022 results: revenue $2.7 Million.

Period: calendar year 2022
Revenue: $2.7 Million
Result: preliminary results

Exact text from the filing

Sales revenue was $2.7 Million for calendar-year 2022, representing a decrease of approximately $359,000 (11.7%) from sales revenue of $3.1 Million reported calendar year 2021.

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AiXin Life International, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-012575

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