Epsium Enterprise Limited Reports Unaudited Financial Results for the Six Months Ended June 30, 2025

Core Insights - Epsium Enterprise Limited reported its unaudited financial results for the first half of 2025, highlighting a solid balance sheet, brand expansion, and progress in corporate governance following its Nasdaq listing earlier in the year [1] Financial Highlights - The company completed its IPO in March 2025, raising net proceeds of US $4.91 million by selling 1.25 million shares at US $4.00 each, followed by an over-allotment option of 187,500 shares [2] - As of June 30, 2025, cash and cash equivalents reached US $2.43 million, the highest since 2023, with inventories at US $4.08 million and advance payments for goods at US $5.18 million [2] - Revenue for the first half of 2025 was US $3.04 million, down from US $7.11 million in the same period of 2024, attributed to customer order timing and inventory optimization [3] - Gross profit was US $0.50 million, with a gross margin of 16.28%, an improvement from 13.09% a year ago, driven by a higher mix of premium-margin products [3] - Operating loss was US $0.69 million compared to an operating income of US $0.54 million in the previous year, mainly due to increased professional and listing-related expenses [4] - Net loss attributable to the company was US $0.70 million, or US $(0.05) per share, based on 12.73 million weighted-average shares [4] - Total assets were US $13.79 million, total liabilities were US $1.59 million, and stockholders' equity was US $12.21 million [5] Customer and Supplier Concentration - The company's top three customers accounted for 36.1%, 13.7%, and 11.6% of revenue, indicating a significant customer concentration [6] - Two major suppliers represented approximately 48.2% and 25.1% of purchases, consistent with industry characteristics [6] Management Commentary - The CEO emphasized the focus on strengthening the operating foundation post-Nasdaq listing, highlighting disciplined execution in sourcing, inventory management, and capital allocation [7] - The company aims to build long-term partnerships with suppliers and distribution clients while maintaining a conservative financial profile [7]