Summary by Moomoo AI
RiskOn International, Inc. (ROII), formerly BitNile Metaverse, Inc., reported its financial performance for the fiscal year ended March 31, 2024. The company experienced a net loss from continuing operations of $25 million, a decrease from the previous year's loss of $34 million. Total revenue for the year was $332,425, primarily from its newly launched businesses including the BitNile.com Metaverse platform, RiskOn360 conferences, and GuyCare clinics. The cost of revenues was $2.17 million, resulting in a gross loss of $1.84 million. Operating expenses totaled $35 million, driven by increased marketing, platform hosting fees, and personnel costs. Other income of $12 million partially offset the operating loss, mainly due to changes in the fair value of derivative liabilities. The company's cash position decreased to $26,410, with negative working capital of...Show More
