ParaZero Announced First Half 2023 Financial Results


CONDENSED INTERIM STATEMENTS OF COMPREHENSIVE LOSS (Unaudited)
U.S. dollars

    Six months
ended

June 30,
   Six months
ended
June 30,
    2023   2022 
       
       U.S. dollars
   
       
Sales  344,819  145,093 
Cost of Sales  194,104  128,435 
       
GROSS PROFIT   150,714  16,658 
       
Research and development expenses  216,181  307,396 
Selling and marketing expenses  94,339  135,585 
General and administrative expenses  101,877  327,415 
Prospective initial public offering expenses  106,754  405,777 
       
OPERATING LOSS  368,436     1,159,515  
Financing Expenses (Income), net     64,888     (211,139 )
COMPREHENSIVE AND NET LOSS     433,324     948,376  
             
Net loss per ordinary share, basic and diluted     0.12     0.31  
Weighted average number of ordinary shares
  outstanding basic and diluted
    3,597,442     3,066,785  

The accompanying notes are an integral part of these condensed interim financial statements.

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