DIH Announces Third Quarter 2025 Financial Results
From GlobeNewswire: 2025-02-14 17:07:01
DIH Holding US, Inc. announced financial results for the third fiscal quarter ended December 31, 2024, with revenue of $15.1 million, a decline of 21% over the prior year. Despite challenges with import restrictions due to the conflict between Russia and Ukraine, the company remains focused on reaching its revenue targets. The company reiterated its revenue guidance for fiscal year 2025 to range between $60 and $67 million. Additionally, DIH closed a public offering, yielding gross proceeds of $4.6 million, to support future sales growth and order fulfillment. Cash and cash equivalents on December 31, 2024, totaled $1.1 million.
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