NEWS ER
SYLA Technologies Co., (NASDAQ: SYT), operator of Japan's largest membership real estate crowd-funding platform, Rimawari-kun, reported its interim financial results for H1 2024. Key highlights include:
- 13% revenue increase to ¥10,564,041 thousand ($65.7 million)
- Gross profit decrease to ¥1,944,954 thousand ($12.1 million)
- Net loss of ¥67,257 thousand ($0.4 million)
- Cash and cash equivalents of ¥2,381,394 thousand ($14.8 million) as of June 30, 2024
The company saw increased real estate sales with 162 units sold, up from 110 in H1 2023. SYLA also announced a capital alliance with CUMICA , development of luxury residences, and expansion in the renewable energy sector. The company's crowdfunding platform, Rimawari-kun, surpassed ¥7.5 billion in GMV.
- 13% revenue increase to ¥10,564,041 thousand ($65.7 million)
- Gross profit decrease to ¥1,944,954 thousand ($12.1 million)
- Net loss of ¥67,257 thousand ($0.4 million)
- Cash and cash equivalents of ¥2,381,394 thousand ($14.8 million) as of June 30, 2024
The company saw increased real estate sales with 162 units sold, up from 110 in H1 2023. SYLA also announced a capital alliance with CUMICA , development of luxury residences, and expansion in the renewable energy sector. The company's crowdfunding platform, Rimawari-kun, surpassed ¥7.5 billion in GMV.
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陈维正 : Is this considered bullish?
Jaguar8 OP 陈维正 : Not really