DIH Announces Fiscal 2024 Financial Results for the Nine Months Ended December 31, 2023
DIH Holding US, Inc. (DHAI)
Company Research
Source: GlobeNewswire
NORWELL, Mass., April 29, 2024 (GLOBE NEWSWIRE) -- DIH Holding US, Inc. ("DIH")(NASDAQ:DHAI), a leading global robotics and virtual reality (“VR”) technology provider in the rehabilitation and human performance industry, today announced financial results for the nine months ended December 31, 2023, which is the third quarter of the Company’s 2024 Fiscal Year, ending March 31, 2024. Recent Highlights Revenue of $47.1 million for the nine months ended December 31, 2023, representing growth of 42.1% over the prior year periodDevice revenue of $36.9 million, an increase of 47.3% over the prior year period; Services revenue of $8.8 million, an increase of 17.3% over the prior year period; Other revenues of $1.4 million, an increase of 129.8% over the prior year periodGross Profit for the period was $23.2 million, a 27.4% increase over the prior year periodAdjusted EBITDA for the period was $0.5 million “We are excited to announce another strong quarter of company per
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