Wang & Lee Group Inc., a British Virgin Islands company primarily operating through its HK SAR subsidiary, WANG & LEE CONTRACTING LIMITED, has released its annual financial results for the fiscal year ending December 31, 2024. The company reported a contract revenue of $3.952 million, a decrease from the $6.826 million reported in 2023. The consolidated net loss for 2024 was $2.544 million, compared to a net loss of $648,854 in the previous year. The Adjusted EBITDA for 2024 was reported at a negative $2.399 million, down from a negative $554,877 in 2023, with the Adjusted EBITDA Margin declining from negative 8.13% in 2023 to negative 60.71% in 2024. These figures reflect the company's operational challenges and financial performance over the past year.
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