FX.co ★ Mynd Posts Loss From Cont. Ops. In FY23 - Quick Facts

Mynd.ai, Inc. (MYND) has reported a net loss of $37.0 million to its ordinary shareholders from continued operations for the fiscal year 2023, significantly declining from a profit of $35.2 million recorded in the previous year. The company's loss per share from continuous operations stood at $0.09, as compared to the profit of $0.08 in the year prior.

Over the year, MYND generated revenue totaling $413.6 million, a notable fall from $584.6 million in the preceding year. This drop was largely due to the normalisation of the education market which reverted to pre-pandemic levels. Despite these challenges, the company managed to secure a 17.4% share of the global K-12 Interactive Flat Panel Display (IFPD) volume market in 2023.