Company Overview - Kokobots Group, a Chinese supplier of intelligent commercial cleaning robots and IoT products, submitted an application to the U.S. Securities and Exchange Commission for an initial public offering (IPO) to raise up to $11 million [1][2]. - The company plans to list on NASDAQ under the ticker symbol KOKO [1]. Financial Highlights - Kokobots aims to issue 2.5 million shares at a price range of $4 to $5, which would give the company a market capitalization of approximately $72 million at the midpoint of the proposed range [2]. - For the twelve months ending December 31, 2024, Kokobots reported revenues of $4 million [5]. - For the six months ended December 31, 2024, total revenues increased by 26.8% to $2,008,192 compared to $1,584,190 in the previous year [6]. - Sales of IoT products rose by 6.3% to $1,489,620, while sales and leases of intelligent commercial cleaning robots surged by 183.54% to $518,572 [6]. Cost and Expenses - The total cost of revenues increased by 29.3% to $1,359,199, with costs for IoT products rising by 17.9% and costs for intelligent commercial cleaning robots increasing by 125.6% [6]. - Operating expenses saw a significant rise of 113.2% to $931,794, driven by a 268.4% increase in general and administrative expenses [6]. Profitability - The company reported a net loss of $206,695 for the six months ended December 31, 2024, compared to a net income of $153,520 in the same period the previous year, marking a 234.61% increase in losses [6].
毛驴快跑设定IPO条款,拟募资1100万美元,计划在纳斯达克上市
Sou Hu Cai Jing·2025-07-14 07:08