E-Home Household Service Holdings Limited Announces Annual Report Ended June 30, 2024
E-Home Household Service Holdings (Nasdaq: EJH) reported its annual financial results for the year ended June 30, 2024. The company achieved total revenues of $50.7 million, with cash and cash equivalents of $100.7 million, up from $71.3 million in the previous year. Housekeeping, Installation, Maintenance, and Senior care services generated $49.2 million in revenue. The company reported gross profits of $12.7 million and operating expenses of $28.8 million, primarily due to increased investment in advertising and platform building. Additional revenue streams included pharmaceutical product sales ($219,159) and educational consulting services ($1.3 million).
E-Home Household Service Holdings (Nasdaq: EJH) ha riportato i risultati finanziari annuali per l'anno conclusosi il 30 giugno 2024. L'azienda ha registrato ricavi totali di 50,7 milioni di dollari, con disponibilit脿 liquide e equivalenti di 100,7 milioni di dollari, in aumento rispetto ai 71,3 milioni di dollari dell'anno precedente. I servizi di pulizia, installazione, manutenzione e assistenza agli anziani hanno generato 49,2 milioni di dollari di fatturato. L'azienda ha dichiarato profitti lordi di 12,7 milioni di dollari e spese operative di 28,8 milioni di dollari, principalmente a causa dell'aumento degli investimenti in pubblicit脿 e costruzione della piattaforma. Ulteriori flussi di entrate hanno incluso le vendite di prodotti farmaceutici (219.159 dollari) e servizi di consulenza educativa (1,3 milioni di dollari).
E-Home Household Service Holdings (Nasdaq: EJH) report贸 sus resultados financieros anuales para el a帽o finalizado el 30 de junio de 2024. La empresa logr贸 unos ingresos totales de 50,7 millones de d贸lares, con efectivo y equivalentes de efectivo de 100,7 millones de d贸lares, en comparaci贸n con los 71,3 millones de d贸lares del a帽o anterior. Los servicios de limpieza, instalaci贸n, mantenimiento y cuidado de personas mayores generaron 49,2 millones de d贸lares en ingresos. La compa帽铆a report贸 ganancias brutas de 12,7 millones de d贸lares y gastos operativos de 28,8 millones de d贸lares, principalmente debido al aumento de la inversi贸n en publicidad y en la construcci贸n de la plataforma. Los ingresos adicionales incluyeron ventas de productos farmac茅uticos (219.159 d贸lares) y servicios de consultor铆a educativa (1,3 millones de d贸lares).
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E-Home Household Service Holdings (Nasdaq: EJH) a rapport茅 ses r茅sultats financiers annuels pour l'exercice clos le 30 juin 2024. L'entreprise a r茅alis茅 un chiffre d'affaires total de 50,7 millions de dollars, avec des liquidit茅s et 茅quivalents de 100,7 millions de dollars, en hausse par rapport 脿 71,3 millions de dollars l'ann茅e pr茅c茅dente. Les services de m茅nage, d'installation, de maintenance et de soins aux personnes 芒g茅es ont g茅n茅r茅 49,2 millions de dollars de revenus. L'entreprise a d茅clar茅 des b茅n茅fices bruts de 12,7 millions de dollars et des frais d'exploitation de 28,8 millions de dollars, principalement en raison d'un investissement accru dans la publicit茅 et le d茅veloppement de la plateforme. D'autres sources de revenus comprenaient les ventes de produits pharmaceutiques (219.159 dollars) et les services de conseil 茅ducatif (1,3 million de dollars).
E-Home Household Service Holdings (Nasdaq: EJH) hat seine j盲hrlichen Finanzresultate f眉r das am 30. Juni 2024 endende Gesch盲ftsjahr ver枚ffentlicht. Das Unternehmen erzielte Gesamteinnahmen von 50,7 Millionen Dollar, mit liquiden Mitteln und liquiden Mitteln von 100,7 Millionen Dollar, was einem Anstieg von 71,3 Millionen Dollar im Vorjahr entspricht. Die Dienstleistungen im Haushalt, Installation, Wartung und Seniorenbetreuung generierten Einnahmen von 49,2 Millionen Dollar. Das Unternehmen berichtete von einem Bruttogewinn von 12,7 Millionen Dollar und Betriebskosten von 28,8 Millionen Dollar, was haupts盲chlich auf erh枚hte Investitionen in Werbung und Plattformaufbau zur眉ckzuf眉hren ist. Zus盲tzliche Einnahmequellen umfassten den Verkauf von pharmazeutischen Produkten (219.159 Dollar) und Bildungsberatungsdienstleistungen (1,3 Millionen Dollar).
- Cash and cash equivalents increased to $100.7M from $71.3M year-over-year
- Substantial revenue of $50.7M for the fiscal year
- Core services (Housekeeping, Installation, Maintenance, Senior care) generated $49.2M
- Operating expenses of $28.8M exceeded gross profits of $12.7M, indicating operational losses
- Pharmaceutical product sales contributed only $219,159, showing minimal diversification success
Insights
The financial results reveal concerning metrics despite revenue of
The revenue breakdown shows heavy reliance on traditional services, with
Financial Highlight
- Total revenues听飞别谤别
$50,685,314 - Cash and cash equivalents听飞别谤别
$100,665,223 $71,252,380 - Gross profits were
$12,700,596 - Total operating expenses were $28,786,296. Due to the company's increased investment in advertising and platform building during the year, resulting in operating expenses of
$28,786,296 - Revenues from Housekeeping services, Installation and Maintenance services and Senior care services amounted to
$49,209,110 - Sales of pharmaceutical products,聽which contributed
$219,159 - Educational consulting services, with revenue of
$1,257,045
Mr. Wenshan Xie, Chairman and CEO of E-Home, commented: "Over the past year,
About E-Home Household Service Holdings Limited
Established in 2014, E-Home Household Service Holdings Limited is a Nasdaq-listed household service company based in
The company is mainly involved in: 1. Home appliances, smart home installation, maintenance; 2. Housekeeping, nannies, maternity matron and cleaning services; 3. Internet aging + home care; 4. Units of public places cleaning. After years of development, E-Home has formed two main business channels, ToB and ToC, with two important subsidiaries.
Two main channel: 1. The ToC business to nanny, maternity matron, home care, cleaning, repair, maintenance of family integrated services. 2. The ToB business to public cleaning. Two subsidiaries: 1. Zhongrun Pharmaceutical, integrating pharmaceutical warehousing, distribution, wholesaling, retailing, and online sales; 2. Chuangying: presidential training, internal training, corporate consulting and counseling, and policy counseling. E-Home has been a comprehensive service enterprise for family life! We have always adhered to the "solving every issue of customers with heart"聽business philosophy, adhere to do the industry benchmark. For more information, visit the Company's website at
Forward-Looking Statement
All statements other than statements of historical fact in this announcement are forward-looking statements in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions are intended to identify such forward-looking statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to consider risk factors, including those described in the Company's filings with the SEC, that may affect the Company's future results. All forward-looking statements attributable to the Company and its subsidiaries or persons acting on their behalf are expressly qualified in their entirety by these risk factors.
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SOURCE E-Home Household Service Holdings Limited
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