Genetic Technologies Reports Increased Annual Loss

Genetic Technologies (AU:GTG) has released an update.

Genetic Technologies Limited reported a 12% decrease in revenue and a 2% increase in net loss, reaching $12,017,219 for the fiscal year ending June 30, 2024. The company did not issue any dividends this year, similar to the previous year, attributing the loss to higher research and development and employment expenses. Their net assets also saw a significant drop from the previous year, with a decrease in cash reserves.

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