ICZOOM Group Inc. Announces Unaudited Financial Results for First Half of Fiscal Year 2025

Core Viewpoint - ICZOOM Group Inc. reported a positive financial performance for the six months ended December 31, 2024, with a revenue increase of 3.0% and a return to profitability, achieving diluted earnings per share of $0.07 compared to a loss in the same period of the previous year [2][3]. Financial Performance - Total revenue for the six months ended December 31, 2024, was $90,340,640, up from $87,720,553 in the same period of 2023, marking a 3.0% increase [2][3]. - The sales of electronic components contributed $89,068,580, representing 98.6% of total revenue, while service commission fees accounted for $1,272,060, or 1.4% [3][11]. - The company turned a profit with a net income of $780,942 for the six months ended December 31, 2024, compared to a net loss of $721,745 in the same period of 2023 [11][14]. Operational Highlights - The number of stock-keeping units (SKUs) available for sale increased by 7.3%, from 8,373 to 8,986, with semiconductor SKUs rising by 12.2% [4][3]. - The number of new customers grew by 15.1%, from 106 to 122, indicating effective customer acquisition strategies [3][4]. Industry Context - The growth of ICZOOM is closely linked to the expansion of China's automotive electronics industry, which reached approximately RMB 1.22 trillion (about $171.83 billion) in 2024, reflecting a growth of 10.95% year-over-year [5][3].