What the figures show

LOBO TECHNOLOGIES LTD. recorded cost of revenue of $12.7 million and operating expenses of $2.5 million. General and administrative expenses were $0.8 million, while selling and marketing expenses were $0.4 million. Loss per share was $0.07.

Highlights

  • Gross profit was $1.9 million, with a gross profit margin of 13.2%.
  • Electric vehicles generated $13.1 million in revenue.
  • Cash equivalents stood at $1.0 million.

Revenue breakdown

Two-wheeled e-bicycles produced $8.1 million in revenue, while three-wheeled vehicles contributed $2.2 million. Four-wheeled shuttles generated $0.9 million, and revenue from two-wheeled e-mopeds was $0.

AI services revenue was $1.5 million. Parts and accessories generated $1.0 million, while batteries produced $0.9 million.

Cash position and activities

Net cash from financing activities was $4.3 million. Net cash used in operating activities was $3.7 million, while net cash used in investing activities was $0.6 million.