EBANG International Holdings Reports 20.9% Sales Increase in 2024, Net Loss Widens to $45.8 Million
I'm PortAI, I can summarize articles.
EBANG International Holdings Inc. reported a 20.9% increase in revenues for the fiscal year ending December 31, 2024, totaling $5.9 million, up from $4.9 million in 2023. This growth was attributed to the acquisition of a renewable energy business and rental income from idle office space. However, the company's net loss widened to $45.8 million in 2024, compared to a loss of $38.0 million in 2023, reflecting its strategic expansion into renewable energy and asset optimization efforts.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments