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In a challenging year for Know Labs, the company’s stock has hit a 52-week low, trading at $0.55, with InvestingPro analysis showing concerning financial health metrics, including a weak current ratio of 0.2 and significant debt burden. This price point marks a significant downturn for the tech firm, which has seen its shares plummet by an alarming 97.83% over the past year. Investors have been wary as the company grapples with market pressures and internal challenges, reflected in its negative EBITDA of -$14.42M and concerning return on assets of -542.65%. The 52-week low serves as a stark indicator of the hurdles Know Labs faces as it strives to regain its footing in a competitive industry. According to InvestingPro, which offers 16 additional investment insights for this stock, technical indicators suggest the stock is currently in oversold territory.
In other recent news, Know Labs Inc. reported a net loss of $4.67 million for the first quarter of fiscal year 2025, an increase from the $3.45 million loss in the same period the previous year. Despite this, the company managed to reduce its cash burn rate by 44% to $1.89 million. Know Labs also launched a new licensing program for its Radio Frequency Dielectric Spectroscopy (RFDS) sensor platform, aiming to expand its technology through partnerships and licensing. The company’s cash and cash equivalents decreased to $1.03 million from $3.11 million in September. Research and development expenses saw a significant reduction, decreasing by 46% year-over-year to $802,000. Selling, general, and administrative expenses were slightly reduced by 2% from the previous year, totaling $1.97 million. Know Labs is actively pursuing FDA approval for its Know You product and plans to raise additional funds through equity issuance, preferred stock, and convertible debentures. The company faces challenges such as limited cash reserves and a trading suspension by the NYSE, which may impact its operations beyond April 2025.
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