E-Home Household Service Holdings Limited Announces Annual Report Ended June 30, 2024

Core Viewpoint - E-Home Household Service Holdings Limited reported its annual financial results for the year ended June 30, 2024, highlighting growth in revenues despite increased competition in the domestic service sector in China [1][3]. Financial Highlights - Total revenues for the year were $50,685,314 [2]. - Cash and cash equivalents increased to $100,665,223 as of June 30, 2024, compared to $71,252,380 as of June 30, 2023 [2]. - Gross profits amounted to $12,700,596 [2]. - Total operating expenses were $28,786,296, attributed to increased investments in advertising and platform development [2]. - Revenues from housekeeping, installation and maintenance, and senior care services totaled $49,209,110 [2]. - Sales of pharmaceutical products contributed $219,159, while educational consulting services generated $1,257,045 in revenue [2]. Company Overview - E-Home Household Service Holdings Limited, established in 2014, is a Nasdaq-listed company based in Fuzhou, China, providing integrated household services [4]. - The company operates through two main business channels: ToB (business-to-business) and ToC (business-to-consumer), with two key subsidiaries [5][6]. - The ToC business includes services such as nanny, maternity matron, home care, cleaning, and maintenance, while the ToB business focuses on public cleaning services [6].