Summary by Moomoo AI
On July 25, 2024, MicroPort Medical Science and Technology Co., Ltd. announced that it is expected to significantly reduce losses for the six months ending on June 30, 2024. Preliminary evaluation shows a net loss of approximately 105 million to 125 million US dollars, a decrease of about 43% to 52% compared to the same period last year. Adjusted net loss is expected to be 65 million to 75 million US dollars, a year-on-year decrease of about 60% to 65%. This improvement is mainly due to the commercial promotion of the company's leading products, the growth of new product revenues, the global expansion of business, and the rapid growth of overseas sales. In addition, the company has successfully improved its profitability by implementing resource focus and cost optimization measures...Show More