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: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.