Innovotech Inc (TSE:IOT) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Innovotech Inc. experienced a financial setback in 2023, posting a loss of $157,582 despite a 5.3% increase in revenue to $1.18 million. The loss was attributed to significant investments in R&D, which surged by 73.3%, and higher general and administrative expenses, including the hiring of a full-time CEO. The company remains hopeful, increasing sales and marketing efforts to leverage its two decades of scientific expertise and strong client relationships.
For further insights into TSE:IOT stock, check out TipRanks’ Stock Analysis page.
