Pinnacle Food Group Ltd. (Nasdaq: PFAI), a seller of smart hydroponic growing systems, reported a 57% increase in revenue for the year ended December 31, 2024, totaling $3.29 million compared to $2.10 million in 2023. The company posted a net profit of $286,142 for 2024, down from a net profit of $917,687 the previous year. The earnings per share for 2024 were $.03, compared to $.11 in 2023. The increase in revenue was attributed to the sale of over 3,000 smart farming systems in 2024, up from 2,600 systems in 2023. However, the decrease in net profit was due to a rise in the cost of revenue by $915,998 and an increase in total operating costs and expenses by 303%, as the company prepared for its IPO. Pinnacle's gross profit margin decreased to 47% from 61% in 2023. The company successfully closed its IPO on April 23, 2025, raising $7.2 million in gross proceeds. CEO Jiulong You indicated that Pinnacle plans to shift its sales mix towards larger smart farming systems targeted at community groups and urban farms, which is expected to improve revenue and margins. Additionally, the company aims to expand its sales presence in the APAC region, where demand for smart farming systems is anticipated to grow rapidly.