Meaning of the word "net loss" in English

What does "net loss" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

net loss

US /ˌnet ˈlɔs/
UK /ˌnet ˈlɔs/
"net loss" picture

Noun

1.

the amount by which expenses exceed income or costs during a given period

Example:
The company reported a net loss of $5 million for the quarter.
Despite increased sales, the new product line resulted in a net loss due to high production costs.
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