ParaZero Reports Decreased Assets and Operating Loss

ParaZero Technologies Ltd. (PRZO) has released an update.

ParaZero Technologies Ltd. has reported a decrease in total assets from $8,424,917 as of December 31, 2023, to $7,137,308 as of June 30, 2024, reflecting a period of financial consolidation. The interim statements show a gross profit of $73,164 for the six months ending June 30, 2024, but overall, the company has experienced an operating loss driven by significant research and development, selling and marketing, and general and administrative expenses.

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