The following is a summary of the Know Labs, Inc. (KNW) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Know Labs reported a net loss of $4.1 million for Q3 2024, increasing from the previous year's $3.6 million. However, earnings per share improved, showing a loss of $0.05 compared to a $0.07 loss in Q3 2023.

• The net loss included non-cash expenses of $1.58 million, with specific losses from stock-based compensation, amortization of lease rights, and extension of notes.

Business Progress:

• Know Labs has completed the prototype of a new non-invasive glucose monitoring device, KnowU, marking significant progress in hardware development. The KnowU is 85% smaller than its predecessor and designed for continuous, wearable data monitoring.

• Substantial advancements have also been made in clinical trials achieving a mean absolute relative difference (MARD) across various studies averaging around 11%. These trials are crucial for FDA approval and further development of the KnowU device.

• The company has successfully expanded its intellectual property portfolio and initiated a global patent licensing program to monetize its technology, reflecting strides in corporate strategy and IP management.

Opportunities:

• The launch of KnowU presents a significant market opportunity with its non-invasive monitoring technology suitable for continuous use, offering a potential leap in glycemic monitoring for diabetes management. The device's technology and ongoing improvements based on trial results and FDA feedback could position it favorably in the healthcare market.

Risks:

• The ongoing need for additional clinical trials, regulatory approvals, and subsequent rounds of funding to sustain operations poses considerable risk, particularly as the technology has yet to be commercialized and is still dependent on investor confidence and regulatory clearance.

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