Linkage Global H1 EPS $(0.04) Vs $0.03 YoY; Revenue $4.8M Vs $9.03M YoY
Portfolio Pulse from Benzinga Newsdesk
Linkage Global reported a significant decline in its financial performance for the first half of 2024, with a net loss of $0.90 million compared to a net income of $0.55 million in the same period of 2023. Revenues fell by 47% to $4.8 million, primarily due to decreased cross-border sales and changes in Google's incentive policies affecting digital marketing services.
September 11, 2024 | 12:21 pm
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Linkage Global's financial results for H1 2024 show a significant downturn, with a net loss of $0.90 million and a 47% drop in revenues to $4.8 million. The decline is attributed to reduced cross-border sales due to stricter Chinese import policies and a weaker yen, as well as changes in Google's incentive policies impacting digital marketing revenues.
The company's financial performance has deteriorated significantly, with a net loss and a sharp decline in revenues. The main factors include external challenges such as stricter import policies in China and unfavorable currency exchange rates, as well as internal challenges like changes in Google's incentive policies. These factors are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100