LOBO EV Reports Fiscal Year 2023 Results and Sets Stage for Accelerating Growth in 2024
LOBO EV TECHNOLOGIES LTD. - Ordinary shares (LOBO)
Company Research
Source: GlobeNewswire
Net profit margin increased to 6.4% in 2023, up from 6.1% in 2022 Capital from IPO driving new customer acquisitions and production capacity expansion International expansion and innovative product launches position LOBO for growth in 2024 WUXI, China, May 06, 2024 (GLOBE NEWSWIRE) -- LOBO EV Technologies Ltd. (Nasdaq: LOBO) (“LOBO” or the “Company”), an innovative electric vehicle manufacturer and seller, today announced its financial results for the fiscal year ended December 31, 2023. 2023 Highlights Generated $15.5 million revenue in 2023, down from $18.3 million in 2022Operating expenses decreased to $1.4 million in 2023, down from $1.5 million in 2022Net profit margin increased to 6.4% in 2023, up from 6.1% in 2022 “In 2023, we navigated through several external challenges, yet our strategic initiatives, which capitalized on growing demand in international markets, allowed us to maintain a solid footing in a competitive landscape,” stated Huajian
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News
- LOBO EV Strengthens Partnership with a Well-Established Brazilian Distributor Following Successful On-Site Inspection [Yahoo! Finance]Yahoo! Finance
- LOBO EV Strengthens Partnership with a Well-Established Brazilian Distributor Following Successful On-Site InspectionGlobeNewswire
- LOBO EV Expands Latin American Market Penetration with Wholesale Purchase Order for Nine Containers of E-Bikes and E-Trikes [Yahoo! Finance]Yahoo! Finance
- LOBO EV Expands Latin American Market Penetration with Wholesale Purchase Order for Nine Containers of E-Bikes and E-TrikesGlobeNewswire
- LOBO EV Launches New E-Moped Models at China Cycle Exhibition [Yahoo! Finance]Yahoo! Finance
LOBO
Sec Filings
- 6/25/24 - Form 6-K
- 6/17/24 - Form SC
- 6/17/24 - Form SC
- LOBO's page on the SEC website