TOKYO, Sept. 3, 2025 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) (OTC: TOYWF), a solar solution company, announced today that members of its management team are scheduled to participate in meetings at the following upcoming conference and event:H.C. Wainwright 27th Annual Global Investment ConferencePresentation format with 1x1 meetingsWhen: September 8, 2025, 1:00pm – 1:30pm ETWhere: Lotte New York Palace Hotel in New York City To request 1x1 meeting on September 8th and 9th, please contact your H.C. Wain ...

Core Insights - TOYO Co., Ltd reported significant financial updates for the fiscal year ended December 31, 2024, including a substantial increase in operating expenses and net income compared to the previous year [1][2][3]. Financial Performance - Operating expenses for 2024 were $13.0 million, a 180.4% increase from $4.7 million in 2023 [2]. - Net income for 2024 reached $40.5 million, up from $9.9 million in 2023, which included a $35.1 million change in fair value of contingent consideration payable for 13 million earnout shares [3]. - Earnings per share (EPS) under US GAAP were $1.09 for 2024, compared to $0.24 in the prior year [3][14]. Shareholder Information - The calculation for earnout shares to be released to initial shareholders is based on an audited net profit of $5.4 million, leading to the expected surrender of 11,287,703 earnout shares [4]. - After the surrender, a total of 35,308,040 ordinary shares will be issued and outstanding [4]. Cash Position - As of December 31, 2024, the company had $17.1 million in cash and restricted cash, a decrease from $19.0 million as of December 31, 2023 [5]. Company Overview - TOYO is positioned as a full-service solar solutions provider, integrating various stages of the solar power supply chain, including the production of wafers, silicon, solar cells, and photovoltaic modules [6].

TOKYO, April 21, 2025 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) (OTC: TOYWF), a solar solution company, today announced it will host a conference call to discuss second half and fiscal year 2024 results on Monday, April 28, 2025. Conference Call Details are as follow: Date: Monday, April 28, 2025 Time: 8:30 AM ET Live Webcast: https://events.q4inc.com/attendee/370740443 The second half and fiscal year 2024 earnings release and related investor deck will be available on the investor relations website at i ...