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Stock impact report

NewGenIvf Announces Filing of 2023 Annual Report with the SEC

NewGenIvf Group Limited - Class A Ordinary Shares (NIVF) 
Company Research Source: GlobeNewswire
Total Revenues Reach US$5.1 MillionGross Profit Increases by 9.4% to US$1.7 MillionNet Income of US$0.1 million BANGKOK, Thailand, Aug. 21, 2024 (GLOBE NEWSWIRE) -- NewGenIvf Group (NASDAQ: NIVF) (“NewGen” or the “Company”), a comprehensive fertility services provider in Asia helping couples and individuals obtain access to fertility treatments, today announced that on August 19, 2024, the Company filed its 2023 annual report (20-F) with the SEC. 2023 Financial Highlights Total revenues were US$5.1 million in the full year of 2023.Gross profit increased by 9.4% to US$1.7 million from US$1.5 million in the full year of 2022.Gross margin was 32.8%, compared to 25.9% in the full year of 2022.Net income was US$0.1 million in the full year of 2023. Mr. Siu Wing Fung Alfred, Founder, Chairman, and CEO of NewGen commented, “2023 was an important year during which we debuted on the Nasdaq, executed two non-binding term sheets for a proposed reverse merger, secured new funding, and laid Show less Read more
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