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LOBO EV Technologies Ltd. Announces H1 2024 Earnings with 49% Revenue Growth and 45% Increase in Units Sold
H1 2024 Financial Highlights:
Total Revenue: $12.13 million, up 49% compared to $8.14 million in H1 2023.
Gross Profit: $1.36 million, reflecting a gross margin of 11.2%.
Net Loss: $(0.31) million compared to net income of $0.67 million in H1 2023.
Units Sold: 56,000 units, up 45% from 38,600 units sold in H1 2023.
Adjusted EBITDA: Loss of $(0.09) million, compared to positive EBITDA of $0.44 million in the same period last year.
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