Kogan told its investors on Monday it was forced to heavily discount and sell some products at a loss as it worked to clear its over-stocked warehouse.
Kogan is optimistic FY23 will be a profitable year. With inventories stunted by COVID now mostly reconciled, the group has already begun the year on a high note with a profitable January.
Coles, Wisetech, Westpac, Telstra and Kogan are among numerous companies trying to get on board the latest AI wave, with mixed results, but high expectations.