LOBO Projects 80% Year-Over-Year Revenue Growth for 2024, Expects Margin Improvement in Second Half
LOBO EV TECHNOLOGIES LTD. - Ordinary shares (LOBO)
Company Research
Source: GlobeNewswire
WUXI, China, Oct. 07, 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 revenue guidance for the full year of 2024, projecting an 80% increase compared to the previous year, driven by recent capacity expansion, new product launches, and new market entries. “We are optimistic about our revenue prospects for 2024,” said Huajian Xu, CEO of LOBO. “Our investments in expanding our capabilities and our focus on innovation put us in a strong position to meet evolving customer needs across the globe. We also expect improving margins in the second half of the year as we gain operational efficiencies from our expanded production capacity and higher economies of scale.” Key Drivers of Projected Growth: Capacity Expansion: LOBO has scaled up its production facilities to accommodate incr
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News
- LOBO EV Technologies Expands Robotic Lawn Mower Business in the U.S. and Australia with Strategic Manufacturing and Distribution Agreement [Yahoo! Finance]Yahoo! Finance
- LOBO EV Technologies Expands Robotic Lawn Mower Business in the U.S. and Australia with Strategic Manufacturing and Distribution AgreementGlobeNewswire
- LOBO EV Technologies Establishes U.S. Subsidiary, LOBOAI, to Expand Distribution of Innovative Electric Vehicles and Robotic Lawnmowers [Yahoo! Finance]Yahoo! Finance
- LOBO EV Technologies Establishes U.S. Subsidiary, LOBOAI, to Expand Distribution of Innovative Electric Vehicles and Robotic LawnmowersGlobeNewswire
- LOBO EV and Nexalin Technology Interviews to Air on the RedChip Small Stocks, Big Money(TM) Show on Bloomberg TVAccesswire
LOBO
Sec Filings
- 12/19/24 - Form SCHEDULE
- 12/16/24 - Form 6-K
- 10/11/24 - Form SC
- LOBO's page on the SEC website