Youxin Technology Reports 21% Revenue Increase, $1.7 Million Net Loss in H1 FY2025

Reuters
15 Jul
Youxin Technology Reports 21% Revenue Increase, $1.7 Million Net Loss in H1 FY2025

Youxin Technology Ltd. (Nasdaq: YAAS), a SaaS and PaaS provider, has reported its unaudited financial results for the first half of fiscal year 2025, ending March 31, 2025. The company announced a revenue of $346,013, marking a 21% increase from $285,392 in the same period last year. Despite the rise in revenue, the company's gross profit decreased to $129,627 from $193,746, leading to a reduced gross margin of 37%, compared to 68% last year. The net loss for the period amounted to $1.7 million, up from $0.9 million in the previous year, primarily due to increased professional fees following its Nasdaq listing and investment loss. Basic and diluted loss per share was registered at $0.05, an increase from $0.03 in the prior year. As of March 31, 2025, Youxin Technology held cash reserves of $1.6 million, a significant increase from $18,372 as of September 30, 2024. Net cash used in operating activities was $2.3 million, compared to $0.6 million last year, while net cash used in investing activities stood at $3.4 million, with no cash outflows from investing activities in the previous year. Financing activities provided net cash of $7.2 million for the period. CEO Shaozhang Lin expressed optimism about the company's strategic initiatives, emphasizing ongoing efforts to optimize their PaaS platform and SaaS services, aiming to enhance customer value and loyalty. The company plans to reinforce its collaboration with strategic vendors to better meet client needs through tailored solutions.

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. Youxin Technology Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN29407) on July 14, 2025, and is solely responsible for the information contained therein.

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