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DIH Announces Second Quarter 2025 Financial Results and Restates June 30, 2024 Form 10-Q
GlobeNewswire News Room· 2024-11-14 22:30
Core Insights - DIH Holding US, Inc. reported a revenue of $18.2 million for the second fiscal quarter ended September 30, 2024, marking a 39% increase compared to the same period last year [2][3] - The company restated its first fiscal quarter 2025 revenue to $17.0 million, reflecting a 30% year-over-year growth rate, up from the previously reported $16.2 million [2][10] - Adjusted revenue guidance for fiscal year 2025 is now projected to be between $60 million and $67 million [2][9] Financial Performance - Device revenue for the quarter was $15.0 million, representing a 49% growth year-over-year, while service revenue remained flat at $2.7 million [2][3] - Revenue growth in the EMEA region was particularly strong at 72%, while the Americas saw a 20% increase [2][3] - Gross margin improved to 52.6%, an 11% increase from the prior year [2][5] Operational Highlights - The company appointed Dietmar Dold as Chief Operating Officer [2] - Income before taxes for the quarter was $0.1 million, an improvement of $2.5 million compared to the previous year [2][3] - Selling, general, and administrative expenses decreased by 9.6% to $5.8 million, driven by lower professional service fees [6] Research and Development - Research and development costs increased by 20.6% to $1.9 million, primarily due to higher amortization expenses related to capitalized software [7] Cash Position - As of September 30, 2024, cash and cash equivalents totaled $1.8 million [8] Restatement Details - The company identified errors in the recognition of two device sales for the quarter ended June 30, 2024, leading to a restatement of financial results [10][11]
DIH Holding(DHAI) - 2024 Q3 - Quarterly Results
2024-11-14 21:51
Exhibit 99.1 DIH Announces Second Quarter 2025 Financial Results and Restates June 30, 2024 Form 10-Q NORWELL, MA – November 14, 2024 DIH Holding US, Inc. ("DIH")(NASDAQ:DHAI), a global provider of advanced robotic devices used in physical rehabilitation, which incorporates visual stimulation in an interactive manner to enable clinical research and intensive functional rehabilitation and training in patients with walking impairments, reduced balance and/or impaired arm and hand functions, today announced fi ...
DIH Appoints Dietmar Dold as Chief Operating Officer
GlobeNewswire News Room· 2024-11-04 13:17
NORWELL, Mass., Nov. 04, 2024 (GLOBE NEWSWIRE) -- DIH Holding US, Inc. (“DIH”)(NASDAQ:DHAI), a leading global robotics and virtual reality (“VR”) technology provider in the rehabilitation and human performance industry, today announced the appointment of Mr. Dietmar Dold as Chief Operating Officer, effective immediately.  Mr. Dold brings to DIH over 25 years of operating experience across multiple industries, and has demonstrated significant expertise in driving innovative transformation on a global scale. ...
DIH Announces Formation and Inaugural Meeting of Scientific Advisory Board
GlobeNewswire News Room· 2024-09-26 20:05
NORWELL, Mass., Sept. 26, 2024 (GLOBE NEWSWIRE) -- DIH Holding US, Inc. ("DIH") (NASDAQ:DHAI), a global provider of advanced robotic devices used in rehabilitation, which incorporate visual stimulation in an interactive manner to enable clinical research and intensive functional rehabilitation and training in patients with walking impairments, reduced balance and/or impaired arm and hand functions, today announced the formation of its Scientific Advisory Board ("SAB"). The newly formed SAB will advise DIH o ...
DIH Appoints Haapsalu Neurological Rehabilitation Center as a DIH Center of Excellence
GlobeNewswire News Room· 2024-08-30 12:00
NORWELL, Mass. and HAAPSALU, Estonia, Aug. 30, 2024 (GLOBE NEWSWIRE) -- DIH Holding US, Inc. ("DIH")(NASDAQ:DHAI), a global provider of advanced robotic devices used in physical rehabilitation, which incorporate visual stimulation in an interactive manner to enable clinical research and intensive functional rehabilitation and training in patients with walking impairments, reduced balance and/or impaired arm and hand functions, today announced that Haapsalu Neurological Rehabilitation Center (HNRC), located ...
DIH Announces Fiscal 2025 First Quarter Financial Results
GlobeNewswire News Room· 2024-08-19 20:30
NORWELL, Mass., Aug. 19, 2024 (GLOBE NEWSWIRE) -- DIH Holding US, Inc. ("DIH") (NASDAQ:DHAI), a global provider of advanced robotic devices used in physical rehabilitation, which incorporate visual stimulation in an interactive manner to enable clinical research and intensive functional rehabilitation and training in patients with walking impairments, reduced balance and/or impaired arm and hand functions, today announced financial results for the quarter ended June 30, 2024, which is the first quarter of f ...
DIH Holding(DHAI) - 2024 Q2 - Quarterly Results
2024-08-19 20:11
Exhibit 99.1 DIH Announces Fiscal 2025 First Quarter Financial Results NORWELL, MA – August 19, 2024 DIH Holding US, Inc. ("DIH")(NASDAQ:DHAI), a global provider of advanced robotic devices used in physical rehabilitation, which incorporate visual stimulation in an interactive manner to enable clinical research and intensive functional rehabilitation and training in patients with walking impairments, reduced balance and/or impaired arm and hand functions, today announced financial results for the quarter en ...
DIH Holding(DHAI) - 2024 Q2 - Quarterly Report
2024-08-19 20:05
Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock DHAI The Nasdaq Stock Market LLC Warrants DHAIW The Nasdaq Stock Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...
DIH Announces Fiscal 2024 Fourth Quarter and Fiscal Year End Financial Results
Newsfilter· 2024-07-15 21:48
Revenue of $64.5 million for the fiscal year ended March 31, 2024, representing growth of 19% over the prior year Device revenue of $51.1 million and service revenue of $11.1 million for the fiscal year ended March 31, 2024, representing growth of 18% and 20%, respectively over the prior year Positive operating cash flow of $5.2 million for the year ended March 31, 2024 Announced strategic partnership with B. Temia to enrich DIH's rehabilitative solutions through exclusive licensing of B. Temia's Keego™ Der ...
DIH Announces Fiscal 2024 Fourth Quarter and Fiscal Year End Financial Results
GlobeNewswire News Room· 2024-07-15 21:48
Recent Highlights Financial Results for the Fiscal Year Ended March 31, 2024 Gross profit for the fiscal year ended March 31, 2024, was $29.8 million, a decrease of 2.7% compared to the prior period. The decrease was driven by inflationary cost increases on direct costs of goods of approximately $2.2 million. The additional increase in cost of sales is mainly driven by an increase of $0.6 million in an inventory reserve for slow-moving parts and increased overhead and services parts costs of $3.9 million. T ...