Workflow
DIH Holding(DHAI)
icon
Search documents
Virtual Reality Stocks To Watch Today – October 28th
Defense World· 2025-10-30 08:06
Group 1: Virtual Reality Stocks Overview - Seven Virtual Reality stocks to watch include Meta Platforms, zSpace, DIH Holding US, and The Glimpse Group, identified by MarketBeat's stock screener tool [2] - Virtual reality stocks are shares of companies involved in developing, manufacturing, or supporting VR hardware, software, and content, with performance driven by adoption rates and technological advances [2] Group 2: Meta Platforms (META) - Meta Platforms, Inc. develops products for connecting people through mobile devices, PCs, VR headsets, and wearables, operating in two segments: Family of Apps and Reality Labs [3] - The Family of Apps segment includes Facebook, Instagram, Messenger, and WhatsApp, facilitating sharing, messaging, and community engagement [3] Group 3: zSpace (ZSPC) - zSpace Technologies, Inc. provides augmented and virtual reality technology primarily for the education market, offering hardware and software for K-12 STEM applications and career education [4] Group 4: DIH Holding US (DHAI) - DIH Holding US, Inc. operates as a robotics and VR technology provider in the rehabilitation industry across multiple regions, offering products like ArmeoPower and ArmeoSpring for arm and hand therapy [5][8] Group 5: The Glimpse Group (VRAR) - The Glimpse Group, Inc. is a VR and AR platform company providing enterprise-focused software and solutions, including QReal for 3D interactive models and Immersive Health Group for healthcare solutions [6]
DIH Announces Fiscal 2025 Fourth Quarter and Fiscal Year End Financial Results
Globenewswire· 2025-10-20 21:05
Core Insights - DIH Holding US, Inc. reported financial results for the fiscal year ended March 31, 2025, highlighting a decrease in revenue primarily due to a change in product mix and unfavorable foreign currency exchange rates [1][4][5]. Financial Performance - Total revenue for the fiscal year was $62.9 million, a decrease of 2.5% compared to the prior year [8]. - Device revenue was $49.7 million, down 2.8%, while service revenue increased by 8.4% to $12.0 million [8]. - Gross profit for the fiscal year was $32.2 million, an increase of 8.2% year-over-year, attributed to a decrease in the cost of goods sold [6]. - Selling, general, and administrative expenses rose by 16.3% to $30.0 million, driven by increased personnel expenses and impairment of related party receivables [7]. - Research and development costs increased by 7.4% to $7.1 million, primarily due to higher software costs [8]. Quarterly Results - For the fourth quarter ended March 31, 2025, revenue was $12.6 million, a significant decrease of 34.7% compared to the same period last year, largely due to lower sales volume in the EMEA region [10]. - Gross profit for the fourth quarter was $6.0 million, reflecting a 30.4% decrease from the prior year [11]. - Selling, general, and administrative expenses for the quarter were $7.4 million, down 8.7% year-over-year, mainly due to non-recurring transaction costs from the previous year [12]. Impairments and Discontinuations - The company discontinued the development of the SafeGait product, resulting in an impairment loss of $0.6 million, and also recognized an additional impairment loss of $1.5 million related to capitalized software for the HocoNet platform [14][9]. Cash Flow and Liquidity - The company reported negative operating cash flow of $4.1 million for the fiscal year ended March 31, 2025 [8]. - Cash and cash equivalents at the end of the fiscal year totaled $1.9 million, down from $3.2 million the previous year [9]. Subsequent Events - Following the fiscal year, the company entered into a Securities Purchase Agreement, issuing senior secured convertible debentures with an aggregate principal amount of $2.2 million [16]. - A reverse stock split of 1-for-25 was approved, reducing the number of outstanding shares from approximately 52.3 million to 2.1 million [20]. Company Overview - DIH Holding US, Inc. is a global provider of advanced robotic devices for physical rehabilitation, focusing on improving the lives of individuals with disabilities through innovative rehabilitation solutions [22].
DIH Holding US, Inc. Announces Reverse Stock Split of its Series A Common Stock
Globenewswire· 2025-10-16 12:00
Core Points - DIH Holding US, Inc. announced a reverse stock split of its Class A Common Stock at a ratio of 1-for-25, effective October 20, 2025 [1] - The reverse stock split was approved by stockholders on September 25, 2025, and the final ratio was determined by the Board of Directors on September 26, 2025 [1][2] - Following the reverse stock split, the number of outstanding shares will decrease from approximately 52,316,314 to about 2,092,652 [3] Company Overview - DIH aims to "Deliver Inspiration & Health" by providing advanced robotic devices for physical rehabilitation, targeting individuals with disabilities and functional impairments [5] - The company is a global provider of rehabilitation solutions, focusing on interactive devices that enhance clinical research and rehabilitation for patients with mobility and functional challenges [5] - DIH has grown through mergers of leading niche technology providers, positioning itself as a transformative player in a fragmented industry [5]
DIH Holding US, Inc. Clarifies Previous Disclosure Regarding Additional Nasdaq Staff Determination Letter
Globenewswire· 2025-10-02 00:11
Core Points - DIH Holding US, Inc. has received a notice from Nasdaq regarding non-compliance with listing rules, specifically the Bid Price Rule and Reports Rule, which may lead to delisting [1][2] - The Company has requested a hearing to address its non-compliance and has been granted a temporary stay of suspension for 15 days [2] - The Panel has the authority to grant extensions for compliance, with potential periods of up to 180 days for certain rules and 360 days for filing delinquencies [2] Company Overview - DIH Holding US, Inc. aims to "Deliver Inspiration & Health" by providing advanced robotic devices for physical rehabilitation, targeting individuals with disabilities and functional impairments [3] - The Company is a global provider of rehabilitation solutions, focusing on interactive devices that enhance clinical research and rehabilitation for patients with mobility and functional challenges [3] - DIH has emerged through mergers of leading technology providers, positioning itself as a transformative player in a fragmented rehabilitation industry [3]
DIH Holding US, Inc. Receives Additional Nasdaq Staff Determination Letter
Globenewswire· 2025-09-18 20:10
Core Viewpoint - DIH Holding US, Inc. has received a notice from Nasdaq regarding its failure to comply with the Bid Price Rule, which may lead to delisting from the stock market [2][3] Group 1: Compliance Issues - On September 12, 2025, DIH was notified that it failed to regain compliance with Nasdaq Listing Rule 5450(b)(2)(A) after its Class A common stock closed below $1.00 per share for 30 consecutive business days [2] - The company was given a compliance period of 180 days, which ended on September 8, 2025, but did not meet the requirements by that date [2] - DIH has requested a hearing before the Nasdaq Hearing Panel to appeal the delisting notice and has also requested an extended stay of any further action pending the hearing [3] Group 2: Future Plans - At the hearing, the company plans to present its strategy to demonstrate compliance with all applicable listing criteria, including the MVLS Rule, the Bid Price Rule, and the Reports Rule [3] - The Panel has the authority to grant an extension of up to 180 days for compliance with the MVLS and Bid Price Rules, and 360 days for the Reports Rule [3] - The company is exploring all options to regain compliance, but there is no assurance that the Panel will grant the request for continued listing [3] Group 3: Company Overview - DIH aims to "Deliver Inspiration & Health" by providing advanced robotic devices for physical rehabilitation, targeting individuals with disabilities and functional impairments [4] - The company is a global provider of rehabilitation solutions, focusing on interactive devices that aid in clinical research and rehabilitation for patients with mobility and functional challenges [4] - DIH has emerged through the mergers of leading technology providers in a fragmented industry, positioning itself as a transformative player in rehabilitation solutions [4]
DIH Appoints Barrett Mooney, Ph.D to DIH Holding US, Inc. Board of Directors
Globenewswire· 2025-09-08 20:46
Company Overview - DIH Holding US, Inc. is a global provider of advanced robotic devices for rehabilitation, focusing on patients with walking impairments, reduced balance, and impaired arm and hand functions [1][4] - The company aims to improve the daily lives of individuals with disabilities through innovative rehabilitation technologies that combine robotics with visual stimulation [4] Appointment of Barrett Mooney - Dr. Barrett Mooney has been appointed to the Board of Directors, bringing extensive experience in scaling complex manufacturing and technology businesses [2][3] - His background includes leading major acquisitions and transitioning companies to public markets, as well as expertise in artificial intelligence and operational excellence [2][3] Strategic Vision - The CEO, Jason Chen, expressed enthusiasm for Dr. Mooney's appointment, highlighting his operational expertise and experience in the rehabilitation robotics market [3] - Dr. Mooney emphasized the potential of DIH's innovative approach to transform patient outcomes in the growing rehabilitation market [3] Board Composition - The Board of Directors now consists of seven members, including five independent members, reinforcing the company's commitment to strong governance [3]
DIH Holding US, Inc. Receives Nasdaq Staff Determination Letter
Globenewswire· 2025-09-05 20:30
Core Points - DIH Holding US, Inc. received a notice from Nasdaq indicating it failed to meet the continued listing requirements due to its market value of listed securities falling below the $50 million threshold [2][3] - The company was given a compliance period of 180 days to regain compliance, which expired on September 1, 2025, without the company meeting the necessary criteria [2][3] - DIH plans to request a hearing to appeal the delisting notice, which will temporarily halt any further action for an initial period of 15 days [3] Company Overview - DIH is focused on delivering inspiration and health to improve the lives of individuals with disabilities through advanced robotic devices for physical rehabilitation [4] - The company aims to provide solutions that enable intensive rehabilitation and training for patients with walking impairments and other functional challenges [4] - DIH has emerged as a transformative provider in a fragmented industry through mergers with leading technology providers [4]
DIH Holding US, Inc. Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q
Globenewswire· 2025-08-29 20:30
Company Compliance Issues - DIH Holding US, Inc. received a notice from Nasdaq for non-compliance with Listing Rule 5250(c)(1) due to failure to file its Form 10-Q for the period ended June 30, 2025, and being delinquent in filing its Form 10-K for the year ended March 31, 2025 [1][2] - The company has until September 29, 2025, to submit a plan to regain compliance, and if accepted, may have up to 180 days, or until January 12, 2026, to file the delinquent reports [2] Company Operations - DIH is focused on delivering inspiration and health to improve the lives of individuals with disabilities through advanced robotic devices for physical rehabilitation [4] - The company aims to transform a fragmented industry by providing solutions that enable intensive rehabilitation and training for patients with walking impairments and other functional challenges [4]
DIH Appoints Scott R. Burell to DIH Holding US, Inc. Board of Directors
Globenewswire· 2025-08-08 12:00
Company Overview - DIH Holding US, Inc. is a global provider of advanced robotic devices for rehabilitation, focusing on patients with walking impairments, reduced balance, and impaired arm and hand functions [1][4] - The company aims to improve the daily lives of individuals with disabilities through intensive rehabilitation solutions [4] Leadership Appointment - Scott R. Burell has been appointed to the Board of Directors, bringing over two decades of experience in healthcare finance and a strong background in life sciences [2][3] - Burell's previous roles include Chief Financial Officer at AIVITA Biomedical and CombiMatrix Corporation, where he successfully led complex transactions and M&A activities [2] Strategic Vision - CEO Jason Chen expressed confidence in Burell's financial expertise and experience in the life sciences sector, which will enhance the company's growth strategy [3] - Burell highlighted the significant opportunities in the growing rehabilitation robotics market and his commitment to supporting the company's mission [3] Board Composition - The Board of Directors now consists of six members, including four independent members, reinforcing the company's commitment to strong governance practices [3]
DIH Holding US, Inc. Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10-K
Globenewswire· 2025-08-01 20:30
Company Overview - DIH Holding US, Inc. aims to "Deliver Inspiration & Health" by providing devices and solutions for intensive rehabilitation, targeting individuals with disabilities and functional impairments [4] - The company is a global provider of advanced robotic devices for physical rehabilitation, focusing on interactive visual stimulation to aid clinical research and rehabilitation for patients with walking impairments and reduced balance [4] - DIH has emerged through the mergers of leading niche technology providers, positioning itself as a transformative solutions provider in a fragmented industry [4] Compliance and Reporting - On July 29, 2025, DIH received a notice from Nasdaq indicating non-compliance with Listing Rule 5250(c)(1) due to the failure to file its Annual Report on Form 10-K for the period ended March 31, 2025 [1] - The company has 60 calendar days from the notice date to file the Annual Report, with the option to submit a compliance plan if unable to meet the deadline [2] - If the compliance plan is accepted, DIH may be granted up to 180 additional days to regain compliance [2] - The company is actively working with auditors and advisors to file the Annual Report as soon as possible, and the notice does not have an immediate impact on the listing or trading of its securities [3]