Presto Automation Inc. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported revenue was USD 4.45 million compared to USD 6.61 million a year ago. Net loss was USD 18.1 million compared to USD 15.68 million a year ago. Basic loss per share from continuing operations was USD 0.32 compared to USD 0.3 a year ago. Diluted loss per share from continuing operations was USD 0.32 compared to USD 0.3 a year ago.
For the nine months, revenue was USD 14.23 million compared to USD 21.32 million a year ago. Net loss was USD 30.78 million compared to net income of USD 2.08 million a year ago. Basic loss per share from continuing operations was USD 0.6 compared to basic earnings per share from continuing operations of USD 0.05 a year ago. Diluted loss per share from continuing operations was USD 0.6 compared to diluted earnings per share from continuing operations of USD 0.04 a year ago.