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The RoyaLand Company, focused on creating an immersive fantasy-based royalty-themed experience called myRoyal.World, has announced preliminary unaudited financial results for the fiscal year ended June 30, 2024. The company, which plans to trade under the ticker RLND, expects to record an adjusted net loss of approximately $1.1 million.
As a development stage company, RoyaLand's largest expense was product research and development costs of about $0.4 million. Other significant expenses included legal and accounting fees of approximately $0.4 million, and consulting fees of about $0.2 million, which included $175,000 of stock-based compensation. The company notes that these results are preliminary and subject to completion of accounting and audit procedures.
