---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-010993"
form_type: "8-K"
ticker: "USBC"
cik: "0001074828"
company_name: "USBC, Inc."
filed_at: "2023-08-18T23:59:59+00:00"
generated_at: "2026-06-11T06:46:22.858767+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Know Labs Q3 net loss $3.59M, EPS loss $0.07, cash $3.93M, expects to fund through Dec 2023

## Summary
- Net loss of $3.59M in Q3 FY2023 vs $3.03M year ago; EPS loss $0.07 unchanged.
- Cash dropped to $3.93M from $12.59M at Sept 30, 2022; net cash used in ops $8.97M in 9 months.
- R&D expense rose to $1.87M from $1.27M YoY on Gen1 device development; SG&A fell to $1.35M.
- Completed Gen1 non-invasive glucose monitor on June 7, 2023; path to FDA trials and commercialization.
- Company expects to raise additional funds via preferred stock, convertible debentures, and equity in 2023.

## SEC filing metadata
- accession: 0001654954-23-010993
- form_type: 8-K
- ticker: USBC
- cik: 0001074828
- company_name: USBC, Inc.
- filed_at: 2023-08-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1074828/000165495423010993/0001654954-23-010993-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1074828/000165495423010993/know_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-010993
- JSON: https://secwatch.observer/filing/0001654954-23-010993.json
- Plain text: https://secwatch.observer/filing/0001654954-23-010993.txt

## Key facts
- Earnings Releases
  USBC, Inc. reported third quarter ended June 30, 2023 results: net income net loss of $3.59 million dollars, EPS loss of $0.07.
  - Period: third quarter ended June 30, 2023
  - Net income: net loss of $3.59 million dollars
  - EPS: loss of $0.07
  - Result: reported results
  source text: Know Labs reported a net loss of $3.59 million dollars in the third quarter of 2023, compared to a net loss of $3.03 million dollars in the year-ago period, which translates to Earnings Per Share of a loss of $0.07, unchanged from the year ago period of a loss of $0.07 before preferred stock dividends.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1074828/000165495423010993/0001654954-23-010993-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.