<a href="https://laohu8.com/S/AZI">Autozi Internet</a> Technology Reports 65.9% Increase in Fiscal H1 2025 Revenues to $79.9M; Net Loss Rises 11.6% to $5.<a href="https://laohu8.com/S/MMM">3M</a>
Autozi Internet Technology (Global) Ltd. reported financial results for the first half of fiscal year 2025, ending March 31, 2025. The company recorded a significant increase in total revenues, which rose by 65.9% year-over-year to $79.9 million, compared to $48.1 million in the same period of fiscal year 2024. This growth was primarily driven by a $55.6 million increase in revenues from auto parts and accessories sales, which constituted 98.7% of the company's total revenues. Gross profit improved to $1.4 million from $0.1 million in the same period of fiscal year 2024, with the gross margin increasing to 1.7% from 0.2%. Despite the improvement in gross profit, the operating loss widened to $8.1 million from $2.1 million in the prior year, largely due to one-off financing costs and non-cash share-based compensation. The net loss also increased by 11.6% to $5.3 million, up from $4.7 million in the first half of fiscal year 2024. The company emphasized its strategic focus on the auto parts and accessories business, as well as its plans to align with the growing electric vehicle market in China. Autozi is looking to develop capabilities in EV core components as part of its long-term strategic vision.
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