ZK International Group Co., Ltd. (ZKIN) announced its audited financial results for the fiscal year ended September 30, 2023. The company achieved record revenue of $111.60 million, an increase of 8.99% compared to the previous year. However, ZK International reported a net loss of $61.06 million, primarily due to one-time write-offs related to non-core investments. Despite the net loss, the company remains confident in its ability to navigate the evolving market landscape and deliver sustainable value to its shareholders.