Know Labs, Inc. reported its financial results for the fourth quarter and fiscal year ended September 30, 2024. The company recorded a net loss of $16,895,094 for fiscal year 2024, an improvement from the $20,443,050 net loss reported in fiscal year 2023. Earnings per share for fiscal year 2024 were ($0.20), compared to ($0.41) in the prior fiscal year.
As of September 30, 2024, Know Labs held cash and cash equivalents totaling $3,110,755. The company's accumulated deficit reached $138,735,882 at the end of the fiscal year. These figures reflect the company's ongoing investment in technology development as a pre-revenue entity.
The company also announced that its audited financial statements for the year ended September 30, 2024, included an audit opinion from its independent registered public accounting firm with an explanatory paragraph related to the company’s ability to continue as a going concern. This disclosure was made in accordance with NYSE American LLC Company Guide Section 610(b).
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