Ainos Q2 revenue collapses to $28.6K; net loss widens to $2.35M

Ainos, Inc.

2024-Q2 EPS reported -$1.21 revenue$77,719

Revenue dropped ~95% YoY to $28,555 from $636,627 due to COVID slowdown in Taiwan.
Gross profit turned negative to $27,262 versus positive $317,664 in prior year.
Net loss to common shareholders was $2,349,727, up from $1,954,032 in Q2 2022.
VELDONA Pet launched in Taiwan; management targets $20M sales in 2024.
Cash and equivalents stood at $1.36M as of June 30, down from $1.85M at Dec. 31, 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Ainos, Inc. reported second quarter ended June 30, 2023 results: revenue US$28,555, net income US$2,349,727.

Period: second quarter ended June 30, 2023
Revenue: US$28,555
Net income: US$2,349,727
Result: reported results

Exact text from the filing

us to advance the device towards commercialization.” Meng-Lin Sung, Chief Financial Officer of Ainos, commented, “During the second quarter of 2023, we generated revenues of US$28,555 as we recalibrated our business to adapt to the post-COVID era. As we continued to invest in long-term growth and product development initiatives, we diligently managed our

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Source: SEC EDGAR

accession 0001654954-23-010608

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