Mynd.ai Reports Lower Revenue but Strong Market Share

Mynd.Ai, Inc. (MYND) has released an update.

Mynd.ai, Inc. reported a revenue of $413.6 million for fiscal year 2023, a decrease from the previous year, attributing the drop to the education market’s return to pre-pandemic levels. Despite the lower revenue, the company improved its gross margin by 0.3% and ended the year with a strong cash position of $91.8 million. Mynd.ai also completed a significant merger, listed on the NYSE American, and captured a leading global market share in interactive flat panel displays for the education sector.

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