Advanced Human Imaging Ltd. (AU:AHI) has released an update.
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Advanced Health Intelligence Ltd reported a significant 85.6% drop in revenue and a 98% increase in losses for the second half of 2023 compared to the previous year, attributing the downturn to a strategic shift towards their new Biometric Health Assessment product and partner platform integrations. The company’s net tangible assets per security plummeted by 484.11%, and no dividends were paid as they continue to navigate financial challenges, underscored by an auditor’s report highlighting concerns about the company’s ability to continue as a going concern.
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