TruGolf, Inc. 2023 net loss $10.3M vs $0.96M; going concern doubt raised

TruGolf Holdings, Inc.

2024-Q1 EPS reported -$0.22 revenue$538,427

Net loss of $10,283,109 (revenue $20,583,851) vs 2022 loss of $956,841 (revenue $20,227,331).
Operating loss of $8,660,212 vs prior-year operating income of $732,382; SG&A surged to $11,027,332 from $4,952,381.
Issued 1,073 shares of common stock for services worth $5,872,529, primarily related to the DMAC business combination.
Substantial doubt about ability to continue as a going concern within one year; management projects $7M–8M in salary costs.
Stockholders' deficit worsened to ($3,917,728) from ($3,430,759); debt maturities through 2033 total ~$7.4M.

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