Tue, Aug 20, 10:05 AM (25 days ago)
For the quarter ending June 30, 2024, ZRCN Inc. reported a decrease in total assets to $24.2 million from $27.6 million, driven by declines in accounts receivable and inventory. Total liabilities also fell to $16.4 million, reflecting reductions in accounts payable and line of credit. Equity decreased to $7.8 million, primarily due to a net loss of $0.6 million and shareholder distributions. Revenue dropped 11% year-over-year to $5.8 million, wi