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JBDI Holdings | 20-F: FY2024 Annual Report

JBDI Holdings | 20-F: FY2024 Annual Report

JBDI Holdings | 20-F:2024财年年报
美股SEC公告 ·  2024/10/19 03:09

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JBDI Holdings Limited reported financial results for the fiscal year ended May 31, 2024. Revenue decreased 15.5% year-over-year to $9.4 million, compared to $11.1 million in FY2023. The company recorded a net loss of $977,000, versus a net income of $806,000 in the prior year.Gross profit declined to $6.4 million from $7.6 million, while operating expenses increased to $7.6 million from $6.7 million. The higher expenses were primarily due to a $716,000 impairment charge on property and equipment. Cash and cash equivalents stood at $190,000 as of May 31, 2024, down from $457,000 a year earlier.CEO Lim Chwee Poh commented: 'While FY2024 presented challenges, we remain focused on our core business of reconditioning and recycling containers. We are implementing cost control measures and exploring new growth opportunities to improve our financial performance going forward.' The company did not provide specific guidance for the upcoming fiscal year.
JBDI Holdings Limited reported financial results for the fiscal year ended May 31, 2024. Revenue decreased 15.5% year-over-year to $9.4 million, compared to $11.1 million in FY2023. The company recorded a net loss of $977,000, versus a net income of $806,000 in the prior year.Gross profit declined to $6.4 million from $7.6 million, while operating expenses increased to $7.6 million from $6.7 million. The higher expenses were primarily due to a $716,000 impairment charge on property and equipment. Cash and cash equivalents stood at $190,000 as of May 31, 2024, down from $457,000 a year earlier.CEO Lim Chwee Poh commented: 'While FY2024 presented challenges, we remain focused on our core business of reconditioning and recycling containers. We are implementing cost control measures and exploring new growth opportunities to improve our financial performance going forward.' The company did not provide specific guidance for the upcoming fiscal year.
JBDI控股有限公司公布截至2024年5月31日的财政年度财务业绩。营业收入同比下降15.5%,为940万,相较于2023财年的1110万。公司录得净亏损977,000美元,而前年为净利润806,000美元。毛利润从760万降至640万,而营业费用从670万增至760万。更高的费用主要是由于对物业和设备的716,000美元减值损失。截至2024年5月31日,现金及现金等价物为190,000美元,较一年前的457,000美元下降。首席执行官Lim Chwee Poh评论道:'尽管2024财年带来了挑战,但我们依然专注于重新修复和回收集装箱的核心业务。我们正在实施成本控制措施,探索新的增长机会,以改善我们的财务表现。' 公司并未为即将到来的财政年度提供具体指导。
JBDI控股有限公司公布截至2024年5月31日的财政年度财务业绩。营业收入同比下降15.5%,为940万,相较于2023财年的1110万。公司录得净亏损977,000美元,而前年为净利润806,000美元。毛利润从760万降至640万,而营业费用从670万增至760万。更高的费用主要是由于对物业和设备的716,000美元减值损失。截至2024年5月31日,现金及现金等价物为190,000美元,较一年前的457,000美元下降。首席执行官Lim Chwee Poh评论道:'尽管2024财年带来了挑战,但我们依然专注于重新修复和回收集装箱的核心业务。我们正在实施成本控制措施,探索新的增长机会,以改善我们的财务表现。' 公司并未为即将到来的财政年度提供具体指导。
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