Asia-focused B2B industrial products marketplace Moglix posted an 87% surge in net loss for the financial year that ended March 31, 2022, according to recent regulatory filings.
The Singapore-based company reported a net loss of $21.07 million for the period, according to its filings with the city-state’s Accounting and Corporate Regulatory Authority (ACRA). Meanwhile, its revenue surged 2.9x to $306.9 million.