Core Insights - DIH Holding US, Inc. reported financial results for the third fiscal quarter ended December 31, 2024, showing a revenue decline of 20.6% year-over-year, primarily due to challenges in the EMEA region caused by import restrictions related to the Russia-Ukraine conflict [3][4][8] - The company reiterated its full-year revenue guidance for fiscal year 2025, maintaining a target range of $60 million to $67 million, despite current challenges [3][11] Financial Performance - Revenue for the third quarter was $15.1 million, down from $19.0 million in the same quarter of the previous year, with device sales decreasing by 25.6% to $11.7 million [4][8] - Gross profit decreased by 30.4% to $7.2 million, driven by lower sales volumes, while cost of sales decreased by 8.7% to $7.9 million [6][21] - Selling, general, and administrative expenses increased by 50.6% to $8.2 million, attributed to higher employee compensation and overhead costs [7][21] Regional Sales Performance - Revenue in the EMEA region decreased by 29% to $8.7 million, while revenue in the Americas decreased by 7% to $3.5 million [4][8] - The decline in EMEA sales was significantly impacted by wartime import restrictions affecting one of the company's largest sales partners in Eastern Europe [4][8] Partnerships and Future Outlook - The company has formed new partnerships with Nobis Rehabilitation Partners and Zahrawi Group, which are expected to enhance its distribution network and device integration capabilities [8] - Following a recent public offering that raised approximately $4.6 million, the company is positioned to meet order demand and support future growth initiatives [3][12] Cash Position - As of December 31, 2024, cash and cash equivalents totaled $1.1 million, a decrease from $3.2 million at the beginning of the period [10][28]
DIH Announces Third Quarter 2025 Financial Results