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LOBO Issues 2025 Financial Guidance with 41.5% Projected Revenue Growth, Anticipating Up to $30 Million in Revenue and Record $3 Million in Net Income
LOBOLOBO(LOBO) GlobeNewswire· Globenewswire·2025-05-06 13:30

Core Insights - LOBO EV Technologies Ltd. anticipates full-year 2025 revenue between 28millionand28 million and 30 million, representing a projected 41.5% increase over estimated 2024 results of 21.2million,drivenbystrongsalesofelectricbikesandtricycles[2]Thecompanyexpectstodeliverarecordnetincomeofapproximately21.2 million, driven by strong sales of electric bikes and tricycles [2] - The company expects to deliver a record net income of approximately 3 million, reflecting increased operational efficiency and disciplined growth execution [2] - The CEO highlighted the company's current trading valuation at 1x price-to-earnings (P/E) and 0.2x price-to-sales (P/S), which significantly understate the strength of operational performance and long-term growth prospects [3] Growth Drivers - The rapidly growing Latin American market, with a population of 660 million and strong purchasing power, has become a major revenue source following success in Eastern Europe [7] - Enhanced production efficiency and improved gross margins through IT infrastructure upgrades, enabling better cost control and higher operational efficiency [7] - Continued investment in product innovation and intelligent mobility systems, including a newly launched high-speed electric motorcycle capable of reaching 160 km/h, which received strong market feedback at the 2025 China Import and Export Fair [7]