MicroPort Scientific Sees 2.2% Drop in Revenue, Narrows Loss by 65.9% for First Half of 2025; EPS Loss Improves by 52.2%
Reuters
Aug 29
MicroPort Scientific Sees 2.2% Drop in Revenue, Narrows Loss by 65.9% for First Half of 2025; EPS Loss Improves by 52.2%
MicroPort Scientific Corporation reported its financial results for the six-month period ending June 30, 2025. The Group recorded a revenue of $547.5 million, reflecting a decline of 2.2% compared to the same period in 2024 when the revenue was $558.7 million. This decrease excludes the impact of foreign exchange. The company's net loss for the period narrowed significantly to $36.4 million, down from a loss of $106.7 million in the corresponding period of the previous year, marking an improvement of 65.9%. The loss attributable to equity shareholders of the Company also decreased to $46.6 million from $96.8 million, narrowing by 51.9%. The company's performance was impacted by external challenges such as geopolitical tensions, international trade conflicts, and delays in the implementation of volume-based procurement. Additionally, new products are still in the market access and cultivation phase, which has temporarily pressured the Group's revenue growth. The company did not provide specific guidance or outlook for the future periods.
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