Knorex Ltd. reported a net loss of $11.5 million for FY 2025, deepening from $5.9 million a year earlier amid declining revenue.
Knorex Ltd. reported a net loss of $11.5 million for the fiscal year ending December 31, 2025, widening from a $5.9 million loss in FY 2024. The company attributed the deeper loss to a 44% decline in revenue, which fell to $6.0 million from $10.8 million in the prior year.
Gross profit also contracted to $2.9 million from $4.5 million in FY 2024. Cash and cash equivalents stood at $129,000 as of December 31, 2025, down from undisclosed levels a year earlier.
The results reflect ongoing challenges in revenue generation amid broader market conditions.