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LOBO Issues Updated 2025 Outlook Highlighting 40% Revenue Growth and Expected a Return to Profitability
Globenewswire· 2025-10-27 13:29
Core Insights - LOBO Technologies Ltd. has updated its financial forecast for the fiscal year ending December 31, 2025, expecting strong growth in revenue and profitability [1][2] Financial Performance - Total revenue for fiscal year 2025 is projected to be between $28 million and $30 million, indicating a 30-40% increase from the fiscal 2024 revenue of $21.2 million [2] - The company anticipates a gross profit margin of approximately 17%, an improvement of nearly 5 percentage points over 2024, with a gross profit of around $4.8 million [2] - LOBO expects to achieve a turnaround to profitability, marking a record net income since going public [2] Sales and Orders - As of September 2025, LOBO's cumulative sales order value reached $20 million, with approximately $15 million collected from completed orders [3] - The company's ongoing investments in R&D, production optimization, and cost-control initiatives are reflected in this progress [3] Financial Position - LOBO reports an asset turnover ratio of 1.35 and an equity multiplier of 2.63, indicating strong operational efficiency and financial discipline [4] - Cash and cash equivalents increased to $1.97 million from $1.12 million at year-end 2024, demonstrating improved liquidity and working-capital management [5] R&D and Product Innovation - R&D investment accounts for about 8% of total revenue, with a focus on high-value and high-margin products [6] - A strategic partnership with Bosch Automotive Products has enhanced product upgrading through the adoption of Bosch components [6] Market Expansion - LOBO's revised 2025 performance forecast reflects accelerating international market demand, particularly in Africa and Latin America [7] - The company has made significant progress in Africa, generating an estimated $1.2 million in revenue through partnerships and bulk orders in Kenya [7] - Plans to establish wholly-owned subsidiaries in Nairobi, Kenya, and Ghana by year-end 2025 aim to optimize local resource integration and supply-chain management [8]
LOBO EV Technologies Announces Strategic Initiative to Establish CyberCity and Digital Bank Headquarters in Ghana
Globenewswire· 2025-10-20 13:53
Core Insights - LOBO EV Technologies Ltd. has announced a strategic collaboration with Earthcore Investments Limited and Strattners Bank to develop a CyberCity in Ghana, which will include an EV manufacturing facility and a digital banking headquarters [1][2][3] Group 1: Strategic Collaboration - The collaboration aims to establish a state-of-the-art EV manufacturing facility for e-motorcycles, tricycles, and other transportation vehicles, alongside a digital banking hub focused on stablecoins and cryptocurrencies [2][3] - The initiative is expected to position Ghana as a leading hub for digital finance and innovative EV manufacturing in Africa, with mobile-money and stable-coin payments in Africa reaching approximately US$1.13–1.15 trillion in 2024 [2][5] Group 2: Market Growth and Trends - The e-motorcycle market in Africa is projected to grow at a compound annual growth rate (CAGR) of over 15% over the next five years, driven by increasing adoption of e-bikes and e-motorcycles [2] - In 2024, remittances to Ghana reached $4.6 billion, a 91% increase from the previous year, indicating a strong financial ecosystem that supports the adoption of digital banking services [5] Group 3: Role of Key Stakeholders - Strattners is acting as a cornerstone investor in LOBO, focusing on developing project assets through blockchain technology and enabling the tokenization of various assets [4] - The local execution of the project will be led by E Amb. Williams Amoah and Dr. Jerry Brassfield, with an initial focus on constructing the EV manufacturing plant and the Digital Bank Africa headquarters [3][4] Group 4: Company Overview - LOBO EV is a certified high-tech manufacturer specializing in eco-friendly electric vehicles, including e-bicycles, electric motorcycles, and solar-powered vehicles, aiming to promote sustainable transportation options [6]
X @TechCrunch
TechCrunch· 2025-08-12 04:32
TDK backs Ultraviolette with $21M to take India-made electric motorcycles global | TechCrunch https://t.co/7mDsbCMgTX ...