MicroCloud Hologram Inc. Reports Net Loss of RMB 120.7 Million; Revenue Recognition Criteria Met for Upcoming 12 Months
Reuters
Sep 03
<a href="https://laohu8.com/S/HOLO">MicroCloud Hologram Inc.</a> Reports Net Loss of RMB 120.7 Million; Revenue Recognition Criteria Met for Upcoming 12 Months
MicroCloud Hologram Inc. reported a net loss of $121.7 million for the recent period, a significant decline from the net income of $238.1 million recorded in the previous comparable period. The net loss attributable to MicroCloud Hologram Inc.'s shareholders was $120.7 million, contrasting with a net income of $237.9 million in the prior period. The company reported basic earnings per share of $(3,314.76) and diluted earnings per share of $(3,314.76). The company operates in two segments: holographic solutions and holographic technology services. The financial information of these segments is reviewed by the CEO to allocate resources and assess performance. Comprehensive loss for the period was $121.6 million, compared to a comprehensive income of $231 million in the previous period. The company's financial statements are prepared in accordance with U.S. GAAP. The results for the six months ended June 30, 2025, are not indicative of the expected results for the full year.
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