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 Announces Second Quarter 2025 Financial Results and Restates June 30, 2024 Form 10-Q