Nature's Miracle Reports Second Quarter 2024 Financial Update
Nature's Miracle Holding Inc. (NMHI)
Company Research
Source: PR Newswire
Second Quarter Revenue Increased 75% YoY and 54% Sequentially to $3.4 Million New Distribution Agreements for Complementary Products and Product Launches Enhance PortfolioONTARIO, Calif., Aug. 16, 2024 /PRNewswire/ -- Nature's Miracle Holding Inc. (NASDAQ: NMHI) ("Nature's Miracle" or the "Company"), a leader in vertical farming technology and infrastructure, today reported its financial and operational update for the second quarter ended June 30, 2024.Second Quarter 2024 and Subsequent Business Updates Revenue of $3.4 million, a 75% increase from the same period in 2023, and a 54% increase compared to the first quarter of 2024.Gross margin improved 800 basis points to 13.3% from the same period in 2023.Launched and completed first shipment of Efinity brand Smart Dehumidifier product.Developed a strong pipeline of grow light orders within the energy rebate market with total grow light purchase orders of $5 million in July.Management CommentaryJames Li, Chairman and Chief Executive Off
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News
- Nature's Miracle Holding Inc. Confirms $2.1 Million Debt Reduction Agreement with Uninet Global [Yahoo! Finance]Yahoo! Finance
- Nature's Miracle Holding Inc. Confirms $2.1 Million Debt Reduction Agreement with Uninet GlobalPR Newswire
- Nature's Miracle Announces Participation in the H.C. Wainwright Annual Global Investment ConferencePR Newswire
- Nature's Miracle Holding Second Quarter 2024 Earnings: US$0.067 loss per share (vs US$0.018 loss in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- Nature's Miracle Announces Participation in the Emerging Growth Virtual ConferencePR Newswire
NMHI
Sec Filings
- 9/24/24 - Form 8-K
- 9/9/24 - Form DEF
- 8/30/24 - Form PRE
- NMHI's page on the SEC website