ICZOOM Group Reports 3% Increase in Total Revenue, Swings to $780,942 Net Income for Six Months Ending December 31, 2024

Reuters
19 Jun
ICZOOM Group Reports 3% Increase in Total Revenue, Swings to $780,942 Net Income for Six Months Ending December 31, 2024

ICZOOM Group Inc. has reported its financial results for the six months ended December 31, 2024. The company achieved total net revenue of $90.3 million, marking an increase from $87.7 million in the same period last year. This growth was driven largely by sales of electronic components, which rose to $89.1 million from $86.3 million. Service commission fees, however, saw a slight decline, totaling $1.3 million compared to $1.4 million in the prior year. The gross profit also saw a notable increase, reaching $2.96 million, up from $2.19 million in the previous year. Selling expenses showed a minor increase to $799,330 from $776,007. The company did not declare any dividends for the reporting period. There are no significant changes or updates regarding its business operations or strategic initiatives in the current financial statement. The company did not provide any specific outlook or guidance for future periods in the released documentation.

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