Quarterly ResultApr 29, 2026, 04:32 PM
LOBO FY25 Revenue +9.6% to $23.2M; Net Loss Widens to $5.5M
AI Summary
LOBO TECHNOLOGIES LTD. announced its fiscal year 2025 financial results, reporting a 9.6% increase in revenue to $23.2 million and a 26.0% rise in gross profit to $3.1 million, with an improved gross margin of 13.0%. However, the company's net loss significantly widened to $5.5 million, or $0.52 per share, primarily due to a doubling of R&D investments to $3.74 million and increased general and administrative expenses. The company emphasized strategic investments in R&D and a significant expansion of its international dealer network to 150 dealers across 60 countries, aiming for future growth and market differentiation.
Key Highlights
- LOBO's fiscal year 2025 revenue increased 9.6% to $23.2 million from $21.2 million in fiscal year 2024.
- Gross profit rose 26.0% to $3.1 million, with gross profit margin improving to 13.0% from 12.0%.
- Net loss significantly widened to $5.5 million in fiscal year 2025, compared to $0.8 million in fiscal year 2024.
- Basic and diluted loss per share were $0.52, up from $0.11 in the prior year.
- R&D expenses doubled to $3.74 million, representing 16.11% of total revenue, up from 7.85% in fiscal 2024.
- International sales network expanded to 150 dealers across approximately 60 countries, up from 50 dealers.
- Revenue from two-wheeled e-bicycles increased 23.6% to $13.1 million.
- Revenue from three-wheeled electric vehicles increased 42.2% to $6.0 million.