Aclarion posts $4.9M net loss in FY2023; auditor flags going concern doubt

Aclarion, Inc.

2023-FY EPS reported -$8.82 revenue$75,404

Net loss of $4.9M in FY2023 vs $7.1M in FY2022; revenue $75,404, up 25% from $60,444.
Operating expenses $4.9M (FY2023) vs $5.6M (FY2022); cash used in ops $3.6M.
Cash and equivalents $1.0M at Dec 31, 2023; accumulated deficit $44.3M.
Auditor Haynie & Co. expresses substantial doubt about ability to continue as going concern.
FY2022 financials restated to correct misstatements; 1-for-16 reverse stock split effective Jan 2024.

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