Ridgetech Inc. Reports FY 2025 Revenue Decline of 3.2% to $119.97M, Net Income of $10.20M, EPS at $1.84
I'm PortAI, I can summarize articles.
Ridgetech Inc. reported a 3.2% decline in FY 2025 revenue to $119.97 million, with a net income of $10.20 million and EPS of $1.84. The revenue drop was mainly due to a 4.3% decrease in offline wholesale activities. Despite the decline, the company improved from a net loss of $4.23 million last year. Cash and cash equivalents rose significantly to $12.78 million. Ridgetech's strategic transformation included the acquisition of Ridgeline, contributing to its online and offline distribution channels, and it aims for long-term sustainable growth.
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