Planet Image International Limited Reports the First Half of Fiscal Year 2024 Unaudited Financial Results
Planet Image International Limited (YIBO)
Company Research
Source: PR Newswire
XINYU, China, Sept. 13, 2024 /PRNewswire/ -- Planet Image International Limited ("Planet Image," the "Company," "we," "our," or "us") (Nasdaq: YIBO), an export-oriented manufacturer and seller of compatible toner cartridges based in China, the U.S. and Europe, today announced its unaudited financial results for the six months ended June 30, 2024.First Half 2024 Financial HighlightsTotal revenues in the first half of 2024 were US$77.3 million, representing an increase of 4.1% from US$74.2 million in the same period of 2023.Gross profit in the first half of 2024 was US$28.2 million with a gross profit margin of 36.5%, compared to US$31.3 million with a gross profit margin of 42.2% in the same period of 2023.Income from operations in the first half of 2024 was US$5.8 million, representing a decrease of 40.8% from US$9.8 million in the same period of 2023.Net income in the first half of 2024 was US$4.3 million, representing an increase of 7.6% from US$4.0 million in the same period of 202
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