Linkage Global Inc Announces Fiscal Year 2024 Financial Results

Core Viewpoint - Linkage Global Inc reported a significant decrease in total revenues for the fiscal year ended September 30, 2024, primarily due to a decline in cross-border sales, while also highlighting growth in integrated e-commerce services and a notable increase in gross profit [3][4][5]. Financial Performance - Total revenues decreased by approximately 19.19%, from USD 12.73 million in 2023 to USD 10.29 million in 2024 [4][5]. - Cross-border sales fell by USD 4.11 million, or 38.82%, from USD 10.59 million in 2023 to USD 6.48 million in 2024, with the Japanese subsidiary experiencing a 53.12% decline [6][7]. - Integrated e-commerce services revenues rose by USD 1.67 million, or 77.64%, from USD 2.15 million to USD 3.81 million, driven by new fully managed e-commerce operation services generating USD 3.28 million [7][8]. - Digital marketing services revenues dropped from USD 1.53 million to USD 0.31 million due to stricter Google policies [3][7]. Profitability - Gross profit increased by approximately USD 2.31 million, or 123.91%, from USD 1.86 million in 2023 to USD 4.17 million in 2024, largely due to the new fully managed e-commerce operation services [5][10]. - Gross profit margin for integrated e-commerce services increased from 48.10% in 2023 to 85.52% in 2024, attributed to the high gross profit margin of the new services [12]. Operating Expenses - Operating expenses increased from USD 2.43 million in 2023 to USD 4.24 million in 2024, representing a year-on-year increase of 74.49%, primarily due to higher general and administrative expenses [14]. Net Loss - Net loss decreased by USD 0.21 million, or 32.69%, from USD 0.65 million in 2023 to USD 0.44 million in 2024 [17]. Geographic Revenue Breakdown - Revenue from Japan decreased from USD 8.75 million in 2023 to USD 4.10 million in 2024, while revenue from Hong Kong increased from USD 1.99 million to USD 3.61 million, and revenue from China rose from USD 1.99 million to USD 2.58 million [6]. Future Outlook - The company remains committed to enhancing partnerships, optimizing operations, and exploring new market opportunities to navigate market fluctuations and achieve sustainable growth [3].