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.
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