KNOW LABS Seeks $18M in Mixed Securities Offering

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KNOW LABS ($NYSEAM:KNW), a biometric-sensing technology company, has filed for a mixed securities shelf offering worth $18 million. KNOW LABS is a publicly traded company, listed on the NASDAQ under ticker symbol BCOM. The company specializes in scalable, portable, and user-friendly biometric sensing technology, such as voice and facial recognition. The goal of this offering is to expand the company’s current product offerings and reach a global audience. The money raised will be used to fund research and development for its existing biometric sensing technologies, as well as to explore new technologies and expand its customer base.

This could mean new opportunities for innovative applications, such as in customer authentication and biometric authentication. This offering is an exciting opportunity for KNOW LABS, giving it access to additional capital and resources to further develop its technology and reach a wider audience. With this additional capital, KNOW LABS could continue to push the boundaries of biometric sensing technology and create new applications for consumers and businesses alike.

Market Price

On Friday, KNOW LABS announced their plan to seek an $18M mixed securities offering. This announcement caused their stock price to skyrocket, opening at $0.5 and closing at $0.6, a 14.2% surge from the prior closing price of 0.5. This is a major opportunity for the company to receive the capital they need to further capitalize on their innovative biometric technology. With the additional funds, they will be able to expand their operations and create even more revolutionary products for the world. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Know Labs. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Know Labs. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Know Labs. More…

Key Ratios Snapshot

Some of the financial key ratios for Know Labs are shown below. More…

Analysis

In terms of investor prospects, the company may have potential for those seeking consistent cash flow, as it has a strong asset base and the ability to generate short-term returns. However, its dividend, growth, and profitability scores were all relatively weak, with the health score coming in at a low 2/10 considering its cashflows and debt. This low score suggests that KNOW LABS may not be able to sustain operations in times of crisis. Thus, KNOW LABS may be attractive to those investors who are looking for short-term returns but may not be the best choice for those seeking long-term growth. More…

Peers

The competition in the burgeoning tech sector is fierce, with Know Labs Inc facing stiff challenges from Aladdin Separation Technologies Inc, Hapbee Technologies Inc, and RoboGroup TEK Ltd. Each business has unique offerings that they bring to the table, and it is up to Know Labs Inc to prove why their products and services are the best choice for customers in the ever-changing market.

– Aladdin Separation Technologies Inc ($OTCPK:ASPT)

Aladdin Separation Technologies Inc specializes in technologies and services to the oil and gas industry. The company provides a comprehensive range of separation technologies, including subsea separators, wellhead separators, and integrated topside systems. As of 2023, Aladdin Separation Technologies Inc has a market capitalization of 10.35M. Additionally, the company has a Return on Equity of -49.94%. This negative ROE indicates that the company has not been able to generate sufficient profits with its shareholders’ equity.

– Hapbee Technologies Inc ($TSXV:HAPB)

Hapbee Technologies Inc is a digital wellness company that develops and markets wearable products designed to help people achieve a better lifestyle. The company has a market cap of 5.53M as of 2023, indicating the level of investor confidence in the company and its products. Additionally, their Return on Equity (ROE) of 29.11% shows that the company has been able to effectively generate returns for its shareholders. As the company continues to grow and expand its offerings, it is expected to capture more of the market and increase its overall value.

– RoboGroup TEK Ltd ($OTCPK:ROBOF)

RoboGroup TEK Ltd is a technology company specializing in the development of robotic systems and automated solutions. With a market cap of 10.06M as of 2023, this company has a market value that indicates its potential to deliver long-term returns. Despite its strong market cap, RoboGroup TEK Ltd has a Return on Equity of -18.29%, which indicates that the current shareholders are not seeing the returns they should be expecting. This suggests that the company may need to reevaluate its strategies and operations in order to turn things around and deliver greater returns for its shareholders.

Summary

Know Labs is a biometrics company focused on leveraging machine learning and artificial intelligence to provide data-driven insights into human health. The company has filed an $18 million mixed securities shelf, allowing it to raise capital when needed. Investing in Know Labs can be a lucrative opportunity for those looking to benefit from its innovative technology. The company’s stock price has moved up significantly the day of filing, indicating the market’s confidence in the company and its products.

Analysts believe Know Labs is well-positioned to take advantage of its deep data sets and expertise in machine learning to provide valuable insights into human health. Investors should perform due diligence before investing in the company and understand the risk associated with investing in the biotechnology sector.