TIAN RUIXIANG Holdings Ltd Reports Financial Results for Fiscal Year Ended October 31, 2023

Financial Performance - The company reported a revenue of approximately $1.2 million for the fiscal year ended October 31, 2023, which is an 8.0% decrease from $1.4 million in the previous year [1][3] - Total operating expenses decreased by 33.6% to $4.3 million from $6.4 million in the prior year [2][3] - Loss from operations narrowed by 40.5% to $3.0 million compared to $5.1 million in the previous year [2][3] - The net loss decreased by 47.6% to $2.5 million from $4.7 million in the prior year [2][3] Business Segments - The company experienced a significant increase of approximately $612,000 in commissions from liability insurance products, indicating growth in this segment despite overall revenue decline [1] Shareholder Information - Loss per share improved to $3.87 from $9.03 in the previous year, reflecting a 55.4% reduction [2]