Ebang International Holdings Inc. Reports Unaudited Financial Results for the First Six Months of Fiscal Year 2024 [Yahoo! Finance]
Ebang International Holdings Inc. - Class A Ordinary Shares (EBON)
Company Research
Source: Yahoo! Finance
Operational and Financial Highlights for the First Six Months of Fiscal Year 2024 Total net revenues in the first six months of 2024 were US$2.11 million, representing a 37.41% period-over-period decrease from US$3.38 million in the same period of 2023. Gross profit in the first six months of 2024 was US$0.08 million compared to the gross profit of US$0.28 million in the same period of 2023. Net loss in the first six months of 2024 was US$6.65 million compared to US$8.38 million in the same period of 2023. Dong Hu, Chairman and Chief Executive Officer of the Company, commented, “Our financial results for the first half of 2024 reflect our continuing efforts to transition our business while we expand our products and services into industries that we believe will be supported by our existing core technologies, R&D expertise and manufacturing capacity. We are pleased with the progress that we have been able to make, particularly as we have faced and will continue to face challen
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