Live Verdure Ltd (AU:LV1) has released an update.
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Live Verdure Ltd reported a significant loss of $10,059,538 for the fiscal year ending June 30, 2024, a 254.9% increase from the previous year, alongside a 12.6% decrease in revenues. The company did not pay out dividends during the period, instead focusing on developing new food products and a collaboration with Decidr Group Pty Ltd for R&D in technology solutions. Despite the losses, the company’s net assets grew due to capital raises and option exercises by holders.
For further insights into AU:LV1 stock, check out TipRanks’ Stock Analysis page.