EBANG INTERNATIONAL(US:EBON) Globenewswireยท2025-08-15 20:05Core Viewpoint - Ebang International Holdings Inc. reported a significant increase in total net revenues for the first half of fiscal year 2025, driven by growth in its Fintech and renewable energy sectors, despite facing a gross loss and net loss reduction compared to the previous year [2][4][9]. Financial Performance - Total net revenues for the first six months of 2025 were US$3.58 million, a 69.46% increase from US$2.11 million in the same period of 2024 [2][4]. - Gross loss was US$0.65 million in the first half of 2025, compared to a gross profit of US$0.08 million in the same period of 2024 [2][6]. - Net loss decreased to US$4.50 million in the first half of 2025 from US$6.65 million in the same period of 2024 [2][9]. - Basic and diluted net loss per share were both US$0.72, down from US$0.99 in the same period of 2024 [9]. Revenue and Cost Analysis - Revenue growth was attributed to increased sales of renewable energy products and services, as well as rental services initiated in the second half of 2024 [4]. - Cost of revenues rose to US$4.23 million, a 108.20% increase from US$2.03 million in the same period of 2024, primarily due to higher sales and a VAT recoverable impairment [5][6]. - Total operating expenses decreased to US$10.21 million from US$12.50 million in the same period of 2024, reflecting cost-saving measures [6][12]. Strategic Outlook - The company aims to leverage its expertise in chip technology and intelligent manufacturing to enhance its renewable energy initiatives, establishing a vertically integrated industrial ecosystem [3]. - Future plans include exploring technology demand in regulated Fintech markets and expanding "Made in America" manufacturing capabilities [3]. - The company is committed to adapting to market demands and pursuing new opportunities in both Fintech and renewable energy sectors [10].