Innerscope Hearing Technologies Inc. has reported its financial results for the three months ended March 31, 2025. During this period, the company recorded total revenues of $4,660, a decrease from the $41,253 reported for the same period in 2024. The net income for the first quarter of 2025 showed a loss of $62,808 compared to a net income of $2.8 million in the previous year. The basic and diluted loss per share stood at $0.003, contrasting with the earnings per share of $0.00024 reported in the first quarter of 2024. The company highlighted a gross profit of $3,397, down from the $24,690 achieved in the previous year, attributed to a reduction in total revenues. Operating expenses included compensation and benefits amounting to $17,888 and advertising and promotion costs of $11,680. The results reflect a significant decline in financial performance compared to the prior year, marking a challenging quarter for the company.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Innerscope Hearing Technologies Inc. published the original content used to generate this news brief on May 20, 2025, and is solely responsible for the information contained therein.
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