Ebang International Reports Financial Results for Fiscal Year 2024 [Yahoo! Finance]
Ebang International Holdings Inc. - Class A Ordinary Shares (EBON)
Company Research
Source: Yahoo! Finance
Operational and Financial Highlights for Fiscal Year 2024 Total net revenues in the 2024 fiscal year increased by 20.9% to US$5.9 million, from US$4.9 million in the 2023 fiscal year. Gross profit in the 2024 fiscal year was US$1.2 million, compared to a gross loss of US$16.7 million in the 2023 fiscal year. Net loss in the 2024 fiscal year was US$20.9 million, compared to US$38.0 million in the 2023 fiscal year. Mr. Dong Hu, Chairman and Chief Executive Officer of the Company, commented, “The year 2024 marks a significant turning point for us. While consolidating and deepening our existing business, we are actively advancing the expansion of our products and services into emerging fields closely linked to our core technologies, research expertise, and manufacturing capabilities. Crucially, we are officially entering the promising yet challenging new energy sector, which represents an important step in our strategic layout. We firmly believe that with the advantages accumulat
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- Ebang International (NASDAQ:EBON) had its "sell (d-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Ebang International (NASDAQ:EBON) had its "sell (d-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat