Core Points - HUHUTECH International Group Inc. will participate in the ORY APAC-US Conference 2025 on July 9, 2025, in Singapore, where the Chairperson will present the company's vision and plans to investors and industry leaders [1] - The ORY APAC-US Conference 2025 aims to foster growth in the APAC region by facilitating discussions and idea-sharing among financial market professionals and companies [3] Company Overview - HUHUTECH is a provider of factory facility management and monitoring systems, with subsidiaries in China, Japan, the United States, and Germany [4] - The company specializes in high-purity gas and chemical production systems, offering products like high-purity process systems (HPS) and factory management control systems (FMCS) that enhance operational efficiency [4] - HUHUTECH serves major players in the pan-semiconductor industry, with its products utilized by semiconductor manufacturers, LED and micro-electronics factories, as well as pharmaceutical and food and beverage manufacturers [4]

Core Viewpoint - HUHUTECH International Group Inc. reported a year of expansion in fiscal year 2024, achieving significant revenue growth and strategic milestones, particularly in the Japanese market, while also facing a net loss due to increased operating expenses and investments in growth initiatives [2][3]. Financial Performance - Total revenue for fiscal year 2024 was $18.1 million, an increase of 8.5% from $16.7 million in fiscal year 2023, driven by growth in product sales and system integration projects [5][7]. - Gross profit rose 21.1% to $6.6 million, with gross margin improving to 36.1% from 32.3% in the previous year [7][9]. - Net loss for fiscal year 2024 was $1.9 million, compared to net income of $2.3 million in fiscal year 2023, with basic and diluted loss per share at $0.1 [11][12]. Revenue Breakdown - Revenue from system integration projects was $16.6 million, a 2.0% increase from $16.3 million in fiscal year 2023, attributed to expansion in the Japanese market [8]. - Revenue from engineering consulting services increased by 76.3% to $0.4 million, while revenue from product sales surged 340.3% to $1.2 million [8]. Operating Expenses - Total operating expenses increased by 149.6% to $8.1 million, primarily due to the operations of HUHU Japan [10][18]. - Selling expenses rose 137.2% to $2.1 million, general and administrative expenses increased by 205.0% to $3.2 million, and research and development expenses grew by 114.7% to $2.9 million [18]. Cash Flow and Financial Condition - As of December 31, 2024, the company had cash of $3.1 million, up from $2.7 million in the previous year, with net cash used in operating activities at $3.0 million [13]. - Net cash provided by financing activities was $7.5 million, compared to net cash used in financing activities of $0.6 million in fiscal year 2023 [14]. Recent Developments - The company completed its initial public offering on October 23, 2024, raising gross proceeds of $4.69 million, enhancing its position for future growth and innovation [15].