Echo IQ Limited (EIQ.AX) reported an after-tax annual loss of $18.6 million for the fiscal year ending June 30, 2026. This figure represents a 40% increase in losses compared to the prior year. Revenue from ordinary activities decreased to $91,646. This reflects an 8.9% decline from the previous period.
Shares of the AI-powered cardiac diagnostic company dropped 8% following the announcement. Net tangible assets per share fell to 1.13 cents from 2.80 cents. The company did not declare any dividends for the fiscal year.
Audited financial statements received an unmodified opinion. This indicates compliance with reporting standards despite the widening losses.