Nanalysis Announces Fourth Quarter and Full Year 2023 Results
Gross margin percentage on product sales was 41% for the twelve months ended December 31, 2023, down from 49% in the prior year.
- Gross margin percentage on product sales was 41% for the twelve months ended December 31, 2023, down from 49% in the prior year.
- Because of these cost-cutting measures, as well as improved sales markets, gross margin percentage on product sales rose to 48% in the fourth quarter.
- Services gross margin percentage was (23%) for the twelve months ended December 31, 2023.
- EBITDA loss for the twelve months ended December 31, 2023, was $8,074K versus an EBITDA loss of $3,935K in the same period last year.