Helport AI Limited reports significant revenue and net income growth for FY 2024.

From GlobeNewswire: 2024-11-01 13:43:00

Helport AI Limited reported a 132% increase in revenue to $29.6 million and a 53% increase in net income to $7.4 million for FY 2024. The company completed a merger and began trading on Nasdaq as “HPAI.” Management will host a business update conference call on November 6, 2024, at 5:30 pm ET. The company’s AI technology aims to empower enterprises with intelligent software and solutions, serving over 30,000 active users globally across various industries. They offer AI-powered real-time speech guidance through their Helport AI Assist software, which saw a significant increase in subscriptions, leading to revenue growth. Gross profit for FY 2024 was $18.6 million, a 137% increase, and cash provided by operating activities was $5.0 million. The company aims to be a global leader in AI-enhanced customer contact software and services, focusing on expanding partnerships and strengthening their ecosystem. They plan to launch the Helport AI Developer Ecosystem to enable third-party developers to create applications using their AI engine. Helport AI’s listing on Google Cloud Marketplace is expected to enhance their global reach and technology credibility. The company’s financial results show significant growth, with revenues increasing by 132% and net income rising by 53% for FY 2024. They are focused on empowering professionals with AI-driven solutions and transforming business operations.



Read more at GlobeNewswire:: Helport AI Reports Fiscal Full Year 2024 Financial Results