Reported Late Wednesday October 11, Dogness Reported Financial Results For Fiscal-Year Ended June 30, 2023; Revenue $17.58M Vs $27.09M Yoy; Net Loss Of $7.45M Vs. Net Income Of $3.23M In 2022
Portfolio Pulse from Benzinga Newsdesk
Dogness reported its financial results for the fiscal year ended June 30, 2023, showing a decrease in revenue from $27.09M to $17.58M YoY. The company also reported a net loss of $7.45M compared to a net income of $3.23M in 2022. The decrease in revenue was primarily due to a significant decrease in both domestic and international markets.
October 12, 2023 | 7:33 am
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Dogness reported a significant decrease in revenue and a net loss for FY2023. This was primarily due to a decrease in sales in both domestic and international markets.
Dogness reported a decrease in revenue and a net loss for FY2023. This negative financial performance is likely to negatively impact the company's stock price in the short term.
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