Core Viewpoint - Nisun International anticipates a return to growth in 2025, supported by strategic decisions and a focus on enhancing shareholder value [1][6]. Preliminary 2024 Financial Guidance - The company expects revenues between USD 300 million and USD 350 million, with net income projected between USD 11 million and USD 15 million, and EPS anticipated in the range of USD 2.6 to USD 3.6 [7]. Strategic Review and Business Realignment - Following a comprehensive review, the company will reduce low-margin supply chain trading businesses to better allocate resources towards higher-return areas [3]. Focus on Supply Chain Financing Solutions - The company will concentrate on supply chain financing solutions, such as accounts receivable factoring, which offer higher margins and lower capital risk by leveraging third-party financing [4][5]. Expansion of KFC Business on College Campuses - The company plans to expand its KFC operations on college campuses, viewing this initiative as a potential growth driver alongside its core business lines [5]. Outlook and Confidence for 2025 - With strategic decisions and ongoing successes, the company expresses confidence in its ability to return to growth in 2025, emphasizing innovation and adaptability [6].
Nisun International Announces Preliminary 2024 Financial Guidance and Strategic Business Updates