The tennis bag launcher startup reported a net loss of $18,594,760 for the fiscal year ended Apr. 30, against a loss of $9,227,744 prior, as revenues hit $10,804,214, up from $686,179. The loss included $12.5 million in non-cash interest expense, and another $3 million charge for extinguishment of debt. In its first full year of operations, SLBG sold over 20,000 tennis ball launchers and accessories, boosted by the uptick ... Log in to view full article.
