Our team has now grown to 62 full-time staff members as of December 16, 2020. The Company's co-founder and former CEO, Matthew Schultz assumed new duties as the Executive Chairman. CleanSpark further developed its reliable, talented and goal-oriented management team, including the promotion of Zach Bradford as its Chief Executive Officer, the appointments of Lori Love, as Chief Financial Officer, Amer Tadayon as Chief Revenue Officer, and Marty Weishaar as VP of Marketing.The Company improved corporate governance and oversight by appointing two new independent board members and the creation of a fully independent audit and compensation committee.CleanSpark successfully uplisted to the Nasdaq Capital Market in January 2020.These funding transactions are expected to provide long-term financial stability for the foreseeable future as the company moves towards profitability. Operational successes resulted in raising $44 million in funding over the last 12 months.Non-GAAP net loss for the fiscal year ended Septemtotaled $466,000 or $(0.03) per basic and diluted share, compared to income of $106,000 or $0.01 per basic and diluted share in the same year-ago period.Net loss improved by $2,770,780 compared to the prior year.Loss from operations improved by $1,470,729 compared to the prior year.Gross Margin increased 21.1% to $2.12 million compared 14.9% and $0.67 million to the prior year.These results represent the third consecutive year in which revenues more than doubled. As the Company forecasted a year ago, CleanSpark more than doubled our annual revenues, with fiscal 2020 revenue exceeding $10.0 million, an increase of 122% from $4.5 million for the prior year.
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(Nasdaq: CLSK)("the "Company"), an advanced software and controls technology solutions company, focused on solving modern energy challenges, today reported results for its fiscal year ended September 30, 2020.
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