ZEO Scientifix net loss widens to $5.07 million in eight months ended June 30, 2026; revenue jumps 89% to $5.87 million
Bitget2026/10/13 20:05- ZEO Scientifix reported revenue of $5.87 million for the eight-month transition period ended June 30, 2026, up 89% year over year.
- Gross profit rose 87% to $4.74 million, while gross margin slipped 0.9 percentage points to 80.8%.
- General and administrative expenses increased 50% to $10.17 million, including about $1.64 million of higher stock-based compensation costs.
- Net loss was $5.07 million, and management said substantial doubt exists about its ability to continue as a going concern.
- Cash climbed to $2.27 million at period-end from $221,000 at the beginning, helped by $2.13 million of financing cash inflows.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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