WiMi Hologram Cloud Reports H1 2024 Revenue Of ~$40.8M
Portfolio Pulse from Benzinga Newsdesk
WiMi Hologram Cloud reported a 10% increase in revenue for H1 2024, reaching $40.8 million. The company also turned a net loss into a net income of $1.7 million. Cash reserves increased significantly to $163 million.
October 15, 2024 | 12:20 pm
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WiMi Hologram Cloud reported a 10% increase in revenue for H1 2024, reaching $40.8 million. The company also turned a net loss into a net income of $1.7 million. Cash reserves increased significantly to $163 million.
WiMi Hologram Cloud's financial results for H1 2024 show a positive trend with a 10% increase in revenue and a shift from net loss to net income. The significant increase in cash reserves further strengthens the company's financial position, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100