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Stock impact report

Nature's Miracle Holding Inc. Announces Third Quarter 2024 Financial Results [Yahoo! Finance]

Nature's Miracle Holding Inc. (NMHI) 
Company Research Source: Yahoo! Finance
Inc. (NASDAQ: NMHI) ("Nature's Miracle" or the "Company"), a leader in vertical farming technology and infrastructure, today announced its financial results for the third quarter ended September 30, 2024 Third Quarter 2024 Financial and Business Updates Revenue for the third quarter of 2024 increased 13.5% to $3.1 million compared to $2.7 million in the same year ago period. Gross profit of and for the third quarter of 2024 and 2023, respectively. Gross margin expanded by 160 basis points to 7.5% from 5.9% in the third quarter of 2023. Net loss of $2.8 million as compared to net loss of $0.4 million in the third quarter of 2023. Adjusted EBITDA for the third quarter of 2024 was a loss of $1.1 million compared to a loss of $0.2 million in the same year ago period. Completed $2.1 million of debt reduction with forgiveness agreement from Uninet Global Inc. which improved its shareholder equity position. Delivered first shipment of Efinity brand dehumidifier product to Fia Show less Read more
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