EZGO Technologies Reports 3.5% Decline in Revenue and Reduced Net Loss for Six Months Ending March 31, 2025

Reuters
07/01
EZGO Technologies Reports 3.5% Decline in Revenue and Reduced Net Loss for Six Months Ending March 31, 2025

EZGO Technologies Ltd. has announced its financial results for the six months ended March 31, 2025. The company reported revenues from continuing operations of $6.57 million, a decrease from $6.80 million for the same period in 2024. The net loss from continuing operations was reduced to $1.26 million, compared to a net loss of $4.66 million in the previous year. EZGO Technologies continues to generate the majority of its revenue from the sale of battery packs, electronic control systems, and maintenance services. The company has been exploring and expanding its customer base by providing comprehensive machine maintenance services, a strategy initiated in 2023. The company highlighted key factors that may influence its financial condition and results, including the ability to increase sales volume of batteries and electronic control systems, enhance operational efficiency, and expand into international markets.

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. EZGO Technologies Ltd. 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: 0001213900-25-059756), on June 30, 2025, and is solely responsible for the information contained therein.

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