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EZGO ANNOUNCES FINANCIAL RESULTS FOR FISCAL YEAR 2023

EZGO Technologies Ltd. - Ordinary Shares (EZGO) 
Company Research Source: PR Newswire
CHANGZHOU, China, Jan. 26, 2024 /PRNewswire/ -- EZGO Technologies Ltd. (Nasdaq: EZGO) ("EZGO" or "we", "our", or the "Company"), a leading short-distance transportation solutions provider in China, today announced its audited financial results for the fiscal year ended September 30, 2023 (the "Fiscal Year 2023").Fiscal Year 2023 Financial Highlights (all results compared to the prior year period unless otherwise noted)Revenues were $15.9 million, a decrease of 8.4%, primarily due to the decrease of sales of e-bicycles and partially offset by the increase of sales of electronic control systems and intelligent robots and the increase of sales of battery packs.Gross profit was $1.1 million, an increase from $0.2 million. Gross margin was 7.2%, an increase from 1.3%, primarily due to the positive margin of sales of electronic control systems and intelligent robots and sales of e-bicycles.Net loss was $7.3 million, compared to net loss of $7.5 million.Basic and diluted loss per share attri Show less Read more
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