Know Labs Q1 net loss $3.45M, EPS -$0.04; cash burn $3.39M; going concern remains

USBC, Inc.

2025-Q1 EPS reported -$0.04

Net loss $3.45M vs $3.82M year ago; EPS loss -$0.04 improved from -$0.08.
R&D expense $1.48M, down 14.7% YoY; SG&A $2.01M, up 5.6% YoY.
Cash $4.82M at Dec 31, down from $8.02M at Sep 30; operating burn $3.39M in Q1.
Filed $18M S-3 shelf registration, effective Jan 11, 2024, for future fundraising.
Going concern qualification; management says cash sufficient until June 30, 2024.

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

USBC, Inc. reported first quarter ended December 31, 2023 results: net income net loss of $3.45 million dollars, EPS Earnings Per Share of a loss of $0.04.

Period: first quarter ended December 31, 2023
Net income: net loss of $3.45 million dollars
EPS: Earnings Per Share of a loss of $0.04
Result: reported results

Exact text from the filing

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.

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USBC, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-24-001788

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