---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-001788"
form_type: "8-K"
ticker: "USBC"
cik: "0001074828"
company_name: "USBC, Inc."
filed_at: "2024-02-14T23:59:59+00:00"
generated_at: "2026-06-06T01:59:29.059364+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-24-001788
- form_type: 8-K
- ticker: USBC
- cik: 0001074828
- company_name: USBC, Inc.
- filed_at: 2024-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1074828/000165495424001788/0001654954-24-001788-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1074828/000165495424001788/knwn_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-001788
- JSON: https://secwatch.observer/filing/0001654954-24-001788.json
- Plain text: https://secwatch.observer/filing/0001654954-24-001788.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1074828/000165495424001788/0001654954-24-001788-index.htm

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