JBDI Holdings Delays 20-F Filing Amid Revenue Drop
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JBDI Holdings Limited has delayed its Form 20-F filing for the financial year ending May 31, 2025, due to the need for additional time to complete financial statements. The company reported a revenue drop of approximately $1.0 million (10.1%) and an increase in net loss from $1.0 million to $2.4 million, attributed to decreased demand and rising operating costs. The report is expected to be filed within 15 days of the due date. Current market cap stands at $36.61M with a strong buy sentiment.
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