Dogness (International) Corp (DOGZ) has announced a net loss of $6.06 million for the fiscal year ending June 30, 2024, representing an improvement compared to the net loss of $7.2 million recorded the previous year. The loss per share decreased to $0.55 from $0.68 last year.Annual revenues declined by 15.6%, falling to $14.8 million from $17.6 million in fiscal 2023. This drop was primarily due to a significant $3.0 million reduction in sales of intelligent pet products.Revenues from the intelligent pet products segment fell sharply by 40.8%, reaching $4.4 million. In contrast, traditional pet products saw an increase in revenue of 8.7%, climbing to $9.0 million. Sales from climbing hooks and other products decreased by 25.0%, amounting to $1.4 million, whilst revenue from dyeing services stood at $0.1 million.On an international scale, total sales decreased by 10.6%, totaling $10.1 million. Meanwhile, domestic sales experienced a larger decline of 24.4%, reducing to approximately $4.8 million.The material has been provided by InstaForex Company – www.instaforex.com
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