RiskOn International reported a net loss of $34.5 million for fiscal year 2024, compared to $87.4 million in FY2023. Total revenue was $332,425, primarily from RiskOn360 conferences ($239,839), BitNile.com services ($64,350), and GuyCare clinics ($28,236). Operating expenses increased significantly to $35 million from $6 million in FY2023, mainly due to higher selling, general and administrative costs.The company made strategic moves to strengthen its business portfolio, including selling Zest Labs and filing for Chapter 7 bankruptcy for Agora Digital Holdings. A significant development was the conversion of $15.1 million in advances from Ault Alliance into Series D Preferred Stock. The company also raised capital through various means including convertible notes and an equity line of credit facility.Post year-end, RiskOn International signed comprehensive agreements with MeetKai for an AI platform license and development services. The deal grants exclusive rights in North America for two years and includes monthly licensing fees starting at $666,667. However, the company faces significant challenges, including delisting from Nasdaq in June 2024 and defaulted convertible notes, highlighting ongoing liquidity concerns.

RiskOn International reported a net loss of $34.5 million for fiscal year 2024, compared to $87.4 million in FY2023. Total revenue was $332,425, primarily from RiskOn360 conferences ($239,839), BitNile.com services ($64,350), and GuyCare clinics ($28,236). Operating expenses increased significantly to $35 million from $6 million in FY2023, mainly due to higher selling, general and administrative costs.The company made strategic moves to strengthen its business portfolio, including selling Zest Labs and filing for Chapter 7 bankruptcy for Agora Digital Holdings. A significant development was the conversion of $15.1 million in advances from Ault Alliance into Series D Preferred Stock. The company also raised capital through various means including convertible notes and an equity line of credit facility.Post year-end, RiskOn International signed comprehensive agreements with MeetKai for an AI platform license and development services. The deal grants exclusive rights in North America for two years and includes monthly licensing fees starting at $666,667. However, the company faces significant challenges, including delisting from Nasdaq in June 2024 and defaulted convertible notes, highlighting ongoing liquidity concerns.