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This decline was primarily driven by reduced demand in the company's equipment sales business. Despite the decrease in revenue, the company's gross profit rose to $9.7 million from $8.7 million, with an improvement in gross profit margins from 24.0% in 2023 to 31.3% in 2024. This enhancement was attributed to a strategic focus on higher-margin business segments and improved cost management. The company experienced a net loss of $2.9 million for the year ended December 31, 2024, contrasting with a net income of $1.8 million in 2023. The loss was mainly due to lower revenue, increased selling and distribution expenses, as well as share-based compensation expenses. 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Regains NYSE Compliance After Filing Delayed Annual Report","url":"https://stock-news.laohu8.com/highlight/detail?id=2539029646","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2539029646?lang=en_us&edition=fundamental","pubTime":"2025-05-30 05:00","pubTimestamp":1748552455,"startTime":"0","endTime":"0","summary":"Multi Ways Holdings Ltd., a leading supplier of heavy construction equipment in Singapore, announced on May 29, 2025, that it has regained compliance with the New York Stock Exchange  continued listing standards. The company had previously fallen out of compliance due to the late filing of its Annual Report on Form 20-F for the fiscal year ending December 31, 2024. Upon filing the report on May 23, 2025, the NYSE Regulation confirmed on May 27, 2025, that the company met the necessary requirements to maintain its listing on the NYSE American exchange.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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