Jiuzi released FY2024 9 Months Earnings on March 3, 2025 (EST) with actual revenue of 1.841 M USD and EPS of -4.45 USD

Brief Summary

Jiuzi company reported a negative EPS of -4.45 and a profit of -37.46 million USD with revenue of 1.84 million USD for the first three quarters of FY2024.

Impact of The News

Financial Performance Overview

Jiuzi’s financial performance for the first three quarters of FY2024 shows significant challenges:

• Earnings Per Share (EPS): The company reported an EPS of -4.45, indicating a loss per share. This is a concerning figure as it reflects the company’s inability to generate profits on a per-share basis.
• Net Profit: Jiuzi reported a net loss of 37.46 million USD, further highlighting the financial struggles it is facing.
• Revenue: The revenue for the period was 1.84 million USD, which is quite low and potentially indicates weak sales performance or market demand.

Comparison with Peers

• The performance of Jiuzi contrasts sharply with some other companies in different sectors, like Yum China, which reported significant net profit growth of 22% in its third quarter of 2024 .
• In contrast, companies like Edgewise Therapeutics also reported negative figures, with a net income of -39.66 million USD Reuters.

Business Status and Development Trends

• Current State: The negative financial indicators suggest that Jiuzi is currently struggling financially, with both revenue and profit figures indicating operational challenges.
• Future Outlook: Given these results, it is likely that Jiuzi will need to undertake strategic realignments, such as cost reductions or business model adjustments, to improve its financial health. Investors and stakeholders should keep a close eye on any strategic announcements or turnaround plans from the company as it strives to reverse its financial downturn.