LOBO EV Technologies Ltd. Announces H1 2024 Earnings with 49% Revenue Growth and 45% Increase in Units Sold
LOBO EV TECHNOLOGIES LTD. - Ordinary shares (LOBO)
Company Research
Source: GlobeNewswire
WUXI, China, Sept. 30, 2024 (GLOBE NEWSWIRE) -- LOBO EV Technologies Ltd. (NASDAQ: LOBO), (“LOBO” or the “Company”), an innovative e-bicycle, e-moped, e-tricycle, and electric off-highway four-wheeled shuttle designer, developer, manufacturer and seller, today announced its financial results for the six months ended June 30, 2024. H1 2024 Financial Highlights: Total Revenue: $12.13 million, up 49% compared to $8.14 million in H1 2023.Gross Profit: $1.36 million, reflecting a gross margin of 11.2%.Net Loss: $(0.31) million compared to net income of $0.67 million in H1 2023.Units Sold: 56,000 units, up 45% from 38,600 units sold in H1 2023.Adjusted EBITDA: Loss of $(0.09) million, compared to positive EBITDA of $0.44 million in the same period last year. Operational Performance: Sales from electric vehicles and accessories grew 61%, contributing $12.08 million in total revenue. The Company delivered 56,000 units in the first half of 2024, a 45% year-over-year increase, driven by s
Show less
Read more
Impact Snapshot
Event Time:
LOBO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LOBO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LOBO alerts
High impacting LOBO EV TECHNOLOGIES LTD. - Ordinary shares news events
Weekly update
A roundup of the hottest topics
LOBO
News
- LOBO EV and Nexalin Technology Interviews to Air on the RedChip Small Stocks, Big Money(TM) Show on Bloomberg TVAccesswire
- Join LOBO EV Technologies’ Live Investor Webinar and Q&A Session on October 28GlobeNewswire
- LOBO Reports Record Shipments in September, with Overseas Sales Volume Up 108% and Revenue Surging 254% Year-Over-YearGlobeNewswire
- LOBO Projects 80% Year-Over-Year Revenue Growth for 2024, Expects Margin Improvement in Second HalfGlobeNewswire
LOBO
Sec Filings
- 10/11/24 - Form SC
- 10/1/24 - Form SC
- 9/30/24 - Form 6-K
- LOBO's page on the SEC website