Helport AI expands in North America with NASDAQ listing and a new San Diego office, aiming for significant growth.
Quiver AI Summary
Helport AI Limited, an AI technology company, has announced its listing on NASDAQ and opened a new office in San Diego, California, to enhance its presence in North America and drive growth in the U.S. market. The company has engaged MZ Group for a strategic investor relations program aimed at boosting visibility among investors while showcasing Helport AI's innovative software and solutions aimed at improving customer communication. In its recent fiscal year 2024, Helport AI reported a 132% increase in revenue to $29.6 million and a 53% rise in net income, reflecting strong demand for its AI products across various sectors. The partnership with MZ is expected to facilitate better communications of the company's milestones and strategic growth initiatives, including future partnerships and the upcoming launch of the Helport AI Developer Ecosystem aimed at fostering third-party application development.
Potential Positives
- Helport AI has successfully listed on NASDAQ, enhancing its visibility and credibility in the financial markets.
- The company reported a significant fiscal year 2024 revenue of $29.6 million, marking a remarkable 132% increase from the previous year.
- Operational expansion in North America with a new office in San Diego, which is expected to be a growth engine for the U.S. market.
- Partnerships with major entities, including Google, and the upcoming launch of the Helport AI Developer Ecosystem, positioning the company for innovation and increased market presence.
Potential Negatives
- Heavy reliance on a third-party investor relations firm (MZ Group) may indicate internal weaknesses in the company's own investor communication strategies.
- The mention of "known and unknown risks and uncertainties" in forward-looking statements may signal to investors that Helport AI's future performance is uncertain, which could affect investor confidence.
- The market growth projections are based on general industry data and not specifically tied to Helport AI's performance, which could lead to skepticism about the company's unique growth potential in a competitive sector.
FAQ
What is the significance of Helport AI's NASDAQ listing?
Helport AI's NASDAQ listing enhances its visibility in the investment community, facilitating access to capital for growth initiatives.
Where is Helport AI's new office located?
Helport AI has opened a new office in San Diego, CA, which will serve as a growth engine for the U.S. market.
What are Helport AI Assist's key features?
Helport AI Assist provides real-time communication assistance, sales guidance, quality assurance, and 24/7 customer engagement through AI technologies.
How much did Helport AI's revenue increase in fiscal year 2024?
Helport AI reported a fiscal year 2024 revenue of $29.6 million, marking a 132% increase over the previous year.
What partnerships is Helport AI developing for the U.S. market?
Helport AI is pursuing partnerships with companies like Google and eWorld Enterprise Solutions to support U.S. government sectors.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
Strengthened Presence in North America with NASDAQ Listing and Office in San Diego, CA to Serve as Growth Engine for US Market
SINGAPORE and SAN DIEGO, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Helport AI Limited (NASDAQ: HPAI) ("Helport AI" or the "Company"), an AI technology company serving enterprise clients with intelligent software, services and solutions, has engaged international investor relations specialists MZ Group (MZ) to lead a comprehensive strategic investor relations and financial communications program across all key markets.
MZ Group will work closely with Helport AI management to develop and implement a comprehensive capital markets strategy designed to increase the company's visibility throughout the investment community. The campaign will highlight how Helport AI empowers enterprises with intelligent software, services and solutions for sales and customer contact. The company recently reported fiscal year 2024 revenue of $29.6 million, an increase of 132% over fiscal year 2023, and a 53% increase in net income to $7.4 million, driven by rising demand for its AI products for clients in banking, insurance, mortgage sales, wealth management, government services, and real estate.
MZ has developed a distinguished reputation as a premier resource for institutional investors, brokers, analysts, and private investors and maintains offices worldwide. Chris Tyson, Executive Vice President at MZ North America, along with Directors Larry Holub and Brooks Hamilton, will advise Helport AI's investor relations team in all facets of investor relations.
Chris Tyson commented: "The use of AI in customer communications has seen rapid growth in recent years, driven by advancements in natural language processing (NLP), machine learning, and automation technologies. The global AI market size is projected to grow from $214.6 billion in 2024 to $1.2 trillion in 2030, a CAGR of 35.7%, according to MarketsandMarkets Research. Businesses are choosing to integrate AI with customer communication teams for its ability to provide seamless, scalable and cost-effective 24/7 support. Leveraging AI empowers humans to respond to customer inquiries faster, leading to quicker issue resolution, better sales performance, and ultimately higher customer satisfaction. Businesses are also increasingly focused on reducing customer communications operational costs while enhancing efficiency and productivity, positioning Helport's SaaS and AI technology for strong sustainable growth. This creates an exciting opportunity, and we look forward to sharing Helport AI with our network of institutional, family offices and retail investors."
Larry Holub added: "Helport AI Assist is an all-in-one platform for customer communication, including proprietary, mature software and self-developed AI technologies supporting a growing list of over 30,000 active users around the world. AI Assist offers users the ability to work as an expert with real-time communication assistance, real-time sales guidance, real-time quality assurance, efficient knowledge base construction, voice cloning, and more. Its AI+BPO service provides worldwide 24/7 customer engagement with AI-driven monitoring, compliance, and knowledge tools. Through global BPO partners, clients can access flexible, multilingual support, boosting performance and reducing costs."
"This is an exciting time for Helport as we continue to execute upon our profitable strategic global sales growth, development initiatives, and operational capabilities," said Guanghai Li, Chief Executive Officer of Helport AI. "We have strengthened our presence in North America with an office in San Diego, CA that will serve as our growth engine for the U.S. market and innovation and anticipate major breakthroughs with developing partnerships such as Google and eWorld Enterprise Solutions in supporting U.S. government sectors.
"Most recently we achieved a critical milestone with an official listing on Google Cloud Marketplace. We are also planning the launch of the Helport AI Developer Ecosystem (HDE), an open API interface that aims to enable third-party developers to create their own applications using our AI engine, allowing developers to innovate within the ecosystem.
"With our recent listing on the Nasdaq, we look forward to working with Chris and the entire team at MZ Group to communicate our business milestones to new and existing shareholders in the weeks and months ahead," concluded Mr. Li.
For more information on Helport AI, please visit
. To schedule a conference call with management, please email your request to
HPAI@mzgroup.us
or call Chris Tyson at 949-491-8235.
About MZ
MZ North America is the US division of MZ Group, a global leader in investor relations with over 250 employees, 800 clients across 12 different exchanges. For over 25 years, MZ has implemented award winning programs and developed a reputation for delivering tangible results for public and private companies via strategic communications, industry-leading investor outreach, public relations, a market intelligence desk, and a suite of technology solutions, spanning websites, conference call/webcasting, video production and XBRL/Edgar filing services. MZ maintains a global footprint with professionals located throughout every time zone in North America, as well as Taipei and São Paulo. For more information, please visit
.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including, but not limited to, Helport AI's business plan and outlook. These forward-looking statements involve known and unknown risks and uncertainties and are based on Helport AI's current expectations and projections about future events that Helport AI believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions. Helport AI undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although Helport AI believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and Helport AI cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in Helport AI's registration statement and other filings with the U.S. Securities and Exchange Commission.
Helport AI Investor Relations:
Meredith Fan
Ir.helport.ai
External Investor Relations Contact:
Chris Tyson
Executive Vice President
MZ North America
Direct: 949-491-8235
HPAI@mzgroup.us
