Innerscope Hearing Technologies Reports Q1 2025: Revenues Drop to $4,660, Net Loss of $62,808, EPS Falls to -$0.003

Reuters05-21
Innerscope Hearing Technologies Reports Q1 2025: Revenues Drop to $4,660, Net Loss of $62,808, EPS Falls to -$0.003

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.

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