AGM Group Holdings Inc. Reports Surge in Revenues to $203.1M, Net Income Climbs to $12.6M, EPS at $0.47

Reuters

05-13

AGM Group Holdings Inc. Reports Surge in Revenues to $203.1M, Net Income Climbs to $12.6M, EPS at $0.47

AGM Group Holdings Inc. has reported its financial results for the year ended December 31, 2024. The company achieved a net income of $3.1 million, or $0.13 per share, marking a significant turnaround from a net loss of $7.4 million in 2023. This improvement comes despite a slight decrease in revenues, which stood at $23.87 million in 2024 compared to $24.15 million in the previous year. The gross profit for 2024 was reported at $0.43 million, a reduction from $1.48 million in 2023. The company also noted a gain from discontinued operations of $2.7 million in 2024, which starkly contrasts with the loss from discontinued operations of $18.9 million in 2023. These results reflect a positive shift in AGM Group Holdings Inc.'s overall financial health, with notable improvements in profitability and operational efficiency.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AGM Group Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-042324), on May 13, 2025, and is solely responsible for the information contained therein.

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Reports Surge in Revenues to $203.1M, Net Income Climbs to $12.6M, EPS at $0.47","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      AGM Group Holdings Inc. Reports Surge in Revenues to $203.1M, Net Income Climbs to $12.6M, EPS at $0.47\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        AGM Group Holdings Inc. has reported its financial results for the year ended December 31, 2024. The company achieved a net income of $3.1 million, or $0.13 per share, marking a significant turnaround from a net loss of $7.4 million in 2023. This improvement comes despite a slight decrease in revenues, which stood at $23.87 million in 2024 compared to $24.15 million in the previous year. 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Reports Surge in Revenues to $203.1M, Net Income Climbs to $12.6M, EPS at $0.47\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-05-13 21:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      AGM Group Holdings Inc. Reports Surge in Revenues to $203.1M, Net Income Climbs to $12.6M, EPS at $0.47\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        AGM Group Holdings Inc. has reported its financial results for the year ended December 31, 2024. The company achieved a net income of $3.1 million, or $0.13 per share, marking a significant turnaround from a net loss of $7.4 million in 2023. This improvement comes despite a slight decrease in revenues, which stood at $23.87 million in 2024 compared to $24.15 million in the previous year. The gross profit for 2024 was reported at $0.43 million, a reduction from $1.48 million in 2023. The company also noted a gain from discontinued operations of $2.7 million in 2024, which starkly contrasts with the loss from discontinued operations of $18.9 million in 2023. 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