Welcome to our dedicated page for Know Labs news (Ticker: KNW), a resource for investors and traders seeking the latest updates and insights on Know Labs stock.
The news archive for Know Labs, Inc. (historically NYSE American: KNW) captures the company’s evolution from a developer of radio frequency dielectric spectroscopy (RFDS) technology for non‑invasive diagnostics to its later transition under the USBC, Inc. name and USBC ticker. Company news releases describe how its RFDS platform directs electromagnetic energy through substances or materials to capture unique molecular signatures, supporting applications such as non‑invasive glucose monitoring and contactless pH measurement.
Readers can review announcements on technology milestones, including laboratory research showing that the company’s RFDS sensor can detect pH changes in real time without direct contact with a liquid, and updates on efforts to advance a non‑invasive blood glucose monitor toward potential FDA clearance. News items also discuss the launch and objectives of Know Labs Technology Licensing (KTL), the division that licenses RFDS technology and the proprietary e‑RFDS© digital watermark to corporations, universities, and research institutions.
The KNW news history further documents significant corporate and capital markets events. These include the 1‑for‑40 reverse stock split effective February 19, 2025, the temporary move to trading on the OTC Pink Market under KNWN while appealing NYSE American delisting proceedings, and subsequent financing and governance developments. Later releases cover the Securities Purchase Agreement with Goldeneye 1995 LLC, the resulting change in control, shareholder approvals to increase authorized common stock and amend the equity incentive plan, and the eventual change of corporate name to USBC, Inc. and trading symbol to USBC.
By browsing this news feed, investors and researchers can trace how Know Labs combined RFDS‑based diagnostic research and licensing with a later strategy that includes a Bitcoin treasury approach and the development of the USBC token, as outlined in joint announcements with Greg Kidd and related SEC filings.
Know Labs (NYSE American: KNW) has appointed Chris Somogyi as President, International. Somogyi, with over 40 years of experience in commercializing innovation, will lead the 'Skunkworks' Program and global patent licensing efforts. His focus will be on leveraging Know Labs' IP portfolio of over 300 patents for diverse applications, including the KnowU™ continuous glucose monitor. He aims to drive global revenue, particularly in regions with high diabetes incidence such as Asia, Africa, South America, and the Middle East. Somogyi's extensive background includes roles at Stanford, SRI International, Xerox PARC, and Intellectual Ventures. CEO Ron Erickson expressed confidence in Somogyi's capability to enhance the company's strategic initiatives and revenue generation efforts.
Know Labs (NYSE American: KNW) reported Q2 FY 2024 results, showing an operating loss of $4.73 million, slightly better than the $4.81 million loss in Q2 FY 2023. EPS improved 30% to a loss of $0.07 from $0.10. R&D expenses dropped 15.1% to $2.18 million, while SG&A expenses increased 13.7% to $2.55 million. Cash and cash equivalents fell to $4.71 million from $8.02 million, and net cash used in operations rose to $7.05 million. Shareholder equity turned negative at -$1.75 million. The company announced an $18 million S-3 shelf registration for liquidity and plans to raise funds through equity and convertible debt.
Know Labs, Inc. (KNW) has been chosen to present an oral abstract at the 2024 American Association of Clinical Endocrinology Annual Meeting. The abstract, titled 'Efficacy of a Non-Invasive Blood Glucose Monitor for Diabetes Management Using a Radiofrequency Sensor and Machine Learning,' will showcase the accuracy and medical application of its proprietary sensor. The company will continue deploying its KnowU™ wearable continuous glucose monitor in large-scale clinical trials toward FDA clearance, focusing on performance in real-world environments and extreme glycemic ranges.
Know Labs, Inc. (NYSE American: KNW) will host a webcast on May 15, 2024, to review Q2 FY 2024 results. The company is focused on non-invasive medical diagnostic technology, including a continuous blood glucose monitoring device.
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