EPWK Holdings Ltd., an innovative crowdsourcing platform, reported its unaudited financial results for the six months ended December 31, 2024. The company recorded total revenues of $8.48 million, marking a slight decrease of 0.61% compared to $8.53 million in the same period of 2023. The gross profit for the period was $1.39 million with a gross profit margin of 16.37%, down from $2.46 million and a margin of 28.83% from the previous year. EPWK reported a net loss of $484,013 for the six months ended December 31, 2024, compared to a net income of $20,263 in the same period of the prior year. CEO Guohua Huang attributed the decline in net profit to increased costs in their premium business solutions service and expenses related to their IPO process. The revenue from premium business solutions saw a growth of 20.70%, rising from $5.03 million in 2023 to $6.07 million in 2024, driven by a strategic sacrifice in profit margins to boost business volume growth. However, online promotion revenue dropped by 15.15%, and value-added services revenue saw a significant decrease of 68.54% due to reduced government subsidies and diminished demand for qualification processing. Additionally, revenue from shared office rental and management also experienced a decline. Looking forward, EPWK aims to strengthen strategic partnerships to enhance customer acquisition and deploy AI tools across its platform to address the impact of AI adoption on service volumes.