Summary by Moomoo AI
HUB Cyber Security Ltd. has completed its annual financial performance analysis for the fiscal year ended December 31, 2023. The company reported a decrease in revenue to $42.7 million, down from $50 million in the previous year. Operating loss showed a slight improvement, decreasing to $77.7 million from $80.4 million in 2022. However, the net loss widened to $86.6 million, compared to $80 million in the prior year. Adjusted EBITDA also fell to $12.2 million from $22.1 million. The company's cash flow from operations improved, with net cash used decreasing to $16.2 million from $23.4 million. Financing activities provided less cash, down to $12.9 million from $20.7 million. HUB Cyber Security experienced a significant decrease in revenue across its Products and Technology Segment by 38.6% and its Professional Services Segment by 13.8%. The company completed three...Show More
