Echo iQ half year financial report for 31 December 2023

Echo iQ Limited (ASX: $EIQ) has reported a net loss for the half year ended 31 December 2023. The company did not propose any dividends for this period, and there were no dividends declared or paid during the current or prior period. The net tangible assets per security and control gained or lost over entities were not applicable. Additional information supporting the Appendix 4D disclosure requirements can be found in the Directors' Report and the consolidated financial statements for the half year ended 31 December 2023. The financial statements were subject to a review by the Company's auditor, and the auditor's review report will include a material uncertainty paragraph regarding Going Concern.

Executive Commentary on Half Year Financial Report

The company is committed to addressing the challenges that led to the reported net loss for the half year. We are focused on implementing strategic measures to improve our financial performance and ensure sustainable growth. While no dividends are proposed for this period, we remain dedicated to creating long-term value for our shareholders and stakeholders. The material uncertainty paragraph regarding Going Concern in the auditor's review report reflects our awareness of the current economic environment and our proactive approach to managing potential risks.

Summary of Echo iQ Half Year Financial Report

Echo iQ Limited (ASX: $EIQ) has reported a net loss for the half year ended 31 December 2023 and did not propose any dividends for this period. The company is determined to address the challenges that led to the reported loss and is focused on implementing strategic measures to improve financial performance and ensure sustainable growth. The material uncertainty paragraph regarding Going Concern in the auditor's review report indicates the company's awareness of the current economic environment and its proactive approach to managing potential risks. Shareholders and stakeholders can access additional information in the Directors' Report and the consolidated financial statements for the half year ended 31 December 2023 to gain comprehensive insights into the company's financial position and performance.