StockNews.AI
EBON
StockNews.AI
4 days

Ebang International Holdings Inc. Reports Unaudited Financial Results for the First Six Months of Fiscal Year 2025

1. EBON's net revenue increased by 69.46% to $3.58 million. 2. The company reported a reduced net loss of $4.50 million in 2025. 3. Operational costs decreased significantly, aiding margin improvements. 4. Future plans include expanding renewable energy and fintech services. 5. EBON is exploring US manufacturing opportunities, enhancing local production capacity.

Earnings
-4.39%Current Return
VS
-0.03%S&P 500
$4.108/15 04:07 PM EDTEvent Start
$3.9208/18 04:17 PM EDTLatest Updated
16m saved
Insight
Article

FAQ

Why Bullish?

The significant revenue growth and reduced net loss indicate improving financial health for EBON. Historical patterns suggest that sustained growth and strategic diversification often lead to stock price appreciation.

How important is it?

The article presents critical financial improvements and strategic directions that likely influence investor perception and stock performance significantly.

Why Long Term?

As EBON expands into renewable energy and fintech, long-term growth potential can bolster investor confidence. These industries are projected to grow, benefiting the company's long-term valuation.

Related Companies

TSLANIOPLUGENPHRIOTMARA
SINGAPORE, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Ebang International Holdings Inc. (Nasdaq: EBON, the “Company,” “we,” “us” or “our”), today announced its unaudited financial results for the first six months of fiscal year 2025. Operational and Financial Highlights for the First Six Months of Fiscal Year 2025 Total net revenues in the first six months of 2025 were US$3.58 million, representing an 69.46% period-over-period increase from US$2.11 million in the same period of 2024. Gross loss in the first six months of 2025 was US$0.65 million compared to the gross profit of US$0.08 million in the same period of 2024. Net loss in the first six months of 2025 was US$4.50 million compared to US$6.65 million in the same period of 2024.  Mr. Dong Hu, Chairman and Chief Executive Officer of the Company, commented, “In the first half of 2025, our Fintech business has demonstrated resilience, achieving modest growth amidst a complex macroeconomic landscape. Concurrently, our forward-looking investments in renewable energy have made strides, turning this field as a new growth engine for the company. We believe that the global carbon neutrality process has shifted from being policy-driven to market-driven, and the demand for renewable energy will continue to thrive. Leveraging our fifteen years of extensive experience in chip technology, hardware, and intelligent manufacturing, the Company is rapidly repurposing high-efficiency computing power, precision manufacturing, and energy management technologies into photovoltaic, energy storage, and smart energy applications. This approach enables us to achieve dual optimization in product iteration and cost efficiency.” Mr. Hu continues, “Looking ahead, we will continue to explore the incremental demand for technology, cross-border payments, and digital asset trading in the regulated Fintech market under a compliance framework. We are committed to continuously launching products and services that align with market needs. In the renewable energy field, we aim to establish a vertically integrated industrial ecosystem that connects the entire value chain—from upstream raw materials and midstream manufacturing to downstream energy services. At the same time, leveraging our company’s established mature manufacturing system, we are actively exploring new opportunities for “Made in America”. We aim to expand the coverage of “Made in America”, extending our manufacturing advantages into a broader range of scenarios and establishing a diversified local production capacity across multiple fields. We firmly believe that a clear strategy, leading technology, and exceptional execution capabilities are core competencies that enable our company to navigate through cycles successfully. We will persistently scan global markets for emerging demands, new policies, and innovative technologies while prudently yet decisively allocating resources to expand new development spaces and create long-term stable value returns for our shareholders.”  Unaudited Financial Results for the First Six Months of Fiscal Year 2025 Total net revenues in the first six months of 2025 were US$3.58 million, representing a 69.46% period-over-period increase from US$2.11 million in the same period of 2024. The period-over-period increase in total net revenues was driven by more revenue generated from sales of renewable energy products and services as well as rental services starting second half of 2024. Cost of revenues in the first six months of 2025 was US$4.23 million, representing a 108.20% period-over-period increase from US$2.03 million in the same period of 2024. The period-over-period increase in cost of revenues was primarily driven by (1) more revenue generated from sales of renewable energy products starting second half of 2024, and (2) a value-added tax (“VAT”) recoverable impairment which was recognized and substantially allocated to cost of revenue in the first six months of 2025, as it is expected that the VAT will not be recovered in the foreseeable future. There was no such impairment incurred in 2024. Gross loss in the first six months of 2025 was US$0.65 million, compared to gross profit of US$0.08 million in the same period of 2024. Total operating expenses in the first six months of 2025 were US$10.21 million compared to US$12.50 million in the same period of 2024. Selling expenses in the first six months of 2025 were US$0.27 million compared to US$0.66 million in the same period of 2024. The period-over-period decrease in selling expenses was mainly driven by execution of cost-saving initiatives across the Company’s Chinese subsidiaries during the first six months of 2025.General and administrative expenses in the first six months of 2025 were US$9.94 million compared to US$11.84 million in the same period of 2024. The period-over-period decrease in general and administrative expenses was mainly due to our optimization and streamlining of business operations, including resource allocation, cost and expense control. Loss from operations in the first six months of 2025 was US$10.86 million compared to US$12.42 million in the same period of 2024. Interest income in the first six months of 2025 was US$4.41 million compared to US$6.04 million in the same period of 2024. The period-over-period decrease in interest income was mainly caused by a decrease in bank interest rates. Other income in the first six months of 2025 was US$0.13 million compared to US$0.33 million in the same period of 2024. The period-over-period decrease in other income was primarily due to the Company receiving a one-off non-operating income of US$0.33 million in 2024 and no such income occurred in the first six months of 2025. Other expense in the first six months of 2025 was US$0.07 million compared to US$0.06 million in the same period of 2024. Net loss in the first six months of 2025 was US$4.50 million compared to US$6.65 million in the same period of 2024. Net loss attributable to Ebang International Holdings Inc. in the first six months of 2025 was US$4.51 million compared to US$6.23 million in the same period of 2024. Basic and diluted net loss per share in the first six months of 2025 were both US$0.72 compared to US$0.99 in the same period of 2024. About Ebang International Holdings Inc. Ebang, leveraging years of manufacturing experience and possessing expertise in blockchain technology and Fintech, has emerged as a key player in these fields. The Company utilizes advanced technologies and cutting-edge financial services to develop and launch innovative Fintech service platforms that have received positive acclaim in the market. In order to diversify its product offerings for more stable financial performance, the Company has expanded into the renewable energy sector, underscoring its commitment to sustainability and long-term growth. In the foreseeable future, it will continue to focus on both its Fintech and renewable energy businesses while maintaining adaptability to market demands and remaining open to new opportunities. For more information, please visit https://ir.ebang.com/.  Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company’s development plans and business outlook, which can be identified by terminology such as “may,” “will,” “expects,” “anticipates,” “aims,” “potential,” “future,” “intends,” “plans,” “believes,” “estimates,” “continue,” “likely to,” and other similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such statements are not historical facts, and are based upon the Company’s current beliefs, plans and expectations, and the current markets and operating conditions. Forward-looking statements include, but are not limited to, statements regarding our future operating results and financial position, our business strategy and plans, expectations relating to our industry, the regulatory environment, market conditions, trends and growth, expectations relating to customer behaviors and preferences, our market position and potential market opportunities, and our objectives for future operations. Forward-looking statements involve inherent known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance and achievements to differ materially from those contained in any forward-looking statement. These risks and uncertainties include our ability to successfully execute our business and growth strategy and maintain future profitability, market acceptance of our products and services, our ability to further penetrate our existing customer base and expand our customer base, our ability to develop new products and services, our ability to expand internationally, the success of any acquisitions or investments that we make, the effects of increased competition in our markets, our ability to stay in compliance with applicable laws and regulations, market conditions across the blockchain, Fintech and general markets, political and economic conditions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. These forward-looking statements are made only as of the date indicated, and the Company undertakes no obligation to update or revise the information contained in any forward-looking statements as a result of new information, future events or otherwise, except as required under applicable law.  Investor Relations Contact For investor and media inquiries, please contact: Ebang International Holdings Inc.Email: ir@ebang.com EBANG INTERNATIONAL HOLDINGS INC.CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)(Stated in US dollars)         June 30,2025  December 31,2024 ASSETS      Current assets:      Cash and cash equivalents $214,500,925  $213,822,331 Restricted cash, current  293,033   580,019 Short-term investments  705,880   4,906,760 Accounts receivable, net  1,376,157   1,586,766 Advances to suppliers  85,641   70,312 Inventories, net  923,781   597,116 Prepayments  446,357   322,382 VAT recoverable, current  85,406   3,203,198 Other current assets, net  5,840,320   5,676,953 Total current assets  224,257,500   230,765,837          Non-current assets:        Property, plant and equipment, net  29,185,051   29,907,181 Intangible assets, net  3,353,250   3,339,664 Operating lease right-of-use assets  2,733,644   3,348,442 Operating lease right-of-use assets - related parties  27,537   40,081 Restricted cash, non-current  640,244   602,178 Goodwill  1,349,288   1,277,789 VAT recoverable, non-current  1,590,815   766,587 Other assets  4,909,975   5,756,224 Total non-current assets  43,789,804   45,038,146          Total assets $268,047,304  $275,803,983          LIABILITIES AND EQUITY        Current liabilities:        Accounts payable $416,879  $286,099 Accrued liabilities and other payables  9,047,734   10,367,210 Operating lease liabilities, current  659,016   1,114,377 Operating lease liabilities - related parties, current  24,046   29,961 Advances from customers  43,083   55,403 Total current liabilities  10,190,758   11,853,050          Non-current liabilities:        Operating lease liabilities, non-current  2,682,053   2,877,122 Operating lease liabilities – related parties, non-current  3,491   10,120 Other non-current liability  383,714   376,841 Deferred tax liabilities  312,008   326,452 Total non-current liabilities  3,381,266   3,590,535          Total liabilities  13,572,024   15,443,585          Equity:        Class A ordinary share, HKD0.03 par value, 11,112,474 shares authorized, 4,989,746 shares issued, and 4,726,424 shares outstanding as of June 30, 2025 and December 31, 2024  18,178   18,178 Class B ordinary share, HKD0.03 par value, 1,554,192 shares authorized, issued and outstanding as of June 30, 2025 and December 31, 2024  5,978   5,978 Additional paid-in capital  396,090,766   396,454,715 Statutory reserves  11,079,649   11,079,649 Accumulated deficit  (139,606,592)  (135,091,716)Accumulated other comprehensive loss  (13,947,759)  (12,874,020)Total Ebang International Holdings Inc. shareholders’ equity  253,640,220   259,592,784 Non-controlling interest  835,060   767,614 Total equity  254,475,280   260,360,398          Total liabilities and equity $268,047,304  $275,803,983  EBANG INTERNATIONAL HOLDINGS INC.INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS(Unaudited)(Stated in US dollars)         For the six months ended June 30, 2025  For the six months ended June 30, 2024        Product revenue $459,688  $359,498 Service revenue  3,122,481   1,754,376 Total revenues  3,582,169   2,113,874 Cost of revenues  4,230,712   2,032,038 Gross profit  (648,543)  81,836          Operating expenses:        Selling expenses  272,420   657,507 General and administrative expenses  9,935,934   11,841,322 Total operating expenses  10,208,354   12,498,829          Loss from operations  (10,856,897)  (12,416,993)         Other income (expenses):        Interest income  4,412,508   6,035,650 Other income  127,717   333,151 (Loss) Gain from investment  (359,815)  3,104 Net loss on disposal of cryptocurrencies  -   (64,344)Exchange gain (loss)  2,203,176   (520,020)Government grants  17,439   27,854 Other expenses  (70,493)  (61,744)Total other income  6,330,532   5,753,651          Loss before income taxes benefit  (4,526,365)  (6,663,342)         Income taxes benefit  30,224   17,928          Net loss  (4,496,141)  (6,645,414)Less: net income (loss) attributable to non-controlling interest  18,735   (416,905)Net loss attributable to Ebang International Holdings Inc. $(4,514,876) $(6,228,509)         Comprehensive loss        Net loss $(4,496,141) $(6,645,414)Other comprehensive loss:        Foreign currency translation adjustment  (1,025,028)  (692,823)         Total comprehensive loss  (5,521,169)  (7,338,237)Less: comprehensive gain (loss) attributable to non-controlling interest  67,446   (503,573)Comprehensive loss attributable to Ebang International Holdings Inc. $(5,588,615) $(6,834,664)         Net loss per ordinary share attributable to Ebang International Holdings Inc.        Basic $(0.72) $(0.99)Diluted $(0.72) $(0.99)         Weighted average ordinary shares outstanding        Basic  6,280,616   6,280,616 Diluted  6,280,616   6,280,616 

Related News