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Direct, positive quarterly results with revenue growth and margin improvement triggered a notable pre-market rally; still, the company remains loss-making, so upside may be limited without sustained profits or guidance.
What happened, with direct paths to the underlying reporting
Webuy Global reported H1 revenue from continuing operations of $14.31 million, doubling a year earlier, with gross profit of $1.83 million and a narrowed net loss of $3.32 million. The stock jumped about 15% in pre-market trading to $0.96, signaling enthusiasm over better-than-expected results, though the company remains loss-making overall.
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