E-Home Household Service Holdings Reports Slight Decline in Total Revenues to $26.37 Million, Net Loss Widens to $7.95 Million for H1 2024

Reuters
20 May
E-Home Household Service Holdings Reports Slight Decline in Total Revenues to $26.37 Million, Net Loss Widens to $7.95 Million for H1 2024

E-Home Household Service Holdings Ltd. has released its unaudited financial results for the six months ended December 31, 2024. The company reported total revenues of $26.37 million, reflecting a slight decrease from the $26.95 million reported in the same period of the previous year. The breakdown of revenues showed an increase in installation and maintenance services, which rose to $16.90 million from $15.15 million, and housekeeping services, which increased to $8.61 million from $7.84 million. Conversely, revenues from senior care services declined significantly to $0.35 million from $2.81 million, and educational consulting services dropped to $0.50 million from $0.96 million. Additionally, sales of pharmaceutical products experienced a sharp decline to $8,407 from $190,297. The company reported a net loss of $7.95 million for the period, compared to a net loss of $5.19 million in the previous year. This increase in net loss was accompanied by changes in cost structures, where the cost of revenues for installation and maintenance services increased to $12.51 million from $11.20 million. E-Home Household Service Holdings Ltd. continues to focus on its core service offerings while managing operational costs amidst fluctuating market demands. The financial results underscore the company's efforts to adapt to changing business conditions and market dynamics.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. E-Home Household Service Holdings Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-045434), on May 19, 2025, and is solely responsible for the information contained therein.

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