Renalytix AI Reports Fiscal Year Financials

Renalytix AI (GB:RENX) has released an update.

Renalytix AI, an AI-enabled diagnostics firm specializing in kidney disease, reported a total revenue of $2.3 million for FY24, with losses before tax totaling $44.9 million due to significant impairment and fair value adjustments. The company’s total assets stood at $7.3 million, including $4.7 million in cash, by the end of June 2024. Investors are anticipated to see differences between US GAAP and IFRS audited results, specifically in the treatment of intangibles.

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