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Stock impact report

HIGHWAY HOLDINGS REPORTS SECOND QUARTER FISCAL YEAR 2026 RESULTS [Yahoo! Finance]

Highway Holdings Limited (HIHO) 
US:NASDAQ Investor Relations: highwayholdings.com
Company Research Source: Yahoo! Finance
Net sales for the second quarter of fiscal year 2026 were $1.18 million compared to $2.11 million in the second quarter of fiscal year 2025. Net loss for the second quarter of fiscal year 2026 was $373,000, or net loss of $0.08 per diluted share, compared with net income of $231,000, or net income of $0.05 per diluted share in the second quarter of fiscal year 2025. Roland Kohl, chairman, president and chief executive officer of Highway Holdings, noted, "The adverse pressure on our long-term OEM business continues, including a reorganization of one of our customer's production plants which shifted a substantial part of our motor OEM business to that customer's own motor manufacturing company in Czechia. We still maintain a smaller portion of this OEM customer's motor business but the revenue contribution from this customer has been substantially reduced." "While this action will result in a substantial reduction of our previous motor OEM business, we are fortunate that at the sam Show less Read more
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