Blinklab Limited Faces Sharpened Net Loss

Blinklab Limited (AU:BB1) has released an update.

Blinklab Limited reported a significant increase in its net loss, reaching $1,753,270 for the fiscal year ended June 30, 2024, a 159% rise from the previous year, despite achieving a revenue of $36,961. The company did not declare a dividend and stated an increase in net tangible assets per security from negative to $0.061. The audit of the financial statements concluded with an unqualified opinion, indicating that they present a true and fair view of the company’s finances.

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