iWOW reports lower net profit of $122,000 for 1HFY2025, down 57% y-o-y

Ashley Lo11-11

Earnings per share stood at 0.05 cents, down from 0.11 cents in 1HFY2024. iWOW Technology has reported a lower net profit of $122,000 for the 1HFY2025 ended September 30, a 57% y-o-y decrease from $...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2482646807?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-11 10:14","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2482646807","market":"us","top_or_hot":-1,"title":"iWOW reports lower net profit of $122,000 for 1HFY2025, down 57% y-o-y","media":"Ashley Lo","content":"<div>\n<p>Earnings per share stood at 0.05 cents, down from 0.11 cents in 1HFY2024.\niWOW Technology has reported a lower net profit of $122,000 for the 1HFY2025 ended September 30, a 57% y-o-y decrease from $...</p>\n\n<a href=\"https://www.theedgesingapore.com/capital/results/iwow-reports-lower-net-profit-122000-1hfy2025-down-57-y-o-y?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>iWOW reports lower net profit of $122,000 for 1HFY2025, down 57% y-o-y</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\niWOW reports lower net profit of $122,000 for 1HFY2025, down 57% y-o-y\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-11 10:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/capital/results/iwow-reports-lower-net-profit-122000-1hfy2025-down-57-y-o-y?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Ashley Lo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Earnings per share stood at 0.05 cents, down from 0.11 cents in 1HFY2024.\niWOW Technology has reported a lower net profit of $122,000 for the 1HFY2025 ended September 30, a 57% y-o-y decrease from $...</p>\n\n<a href=\"https://www.theedgesingapore.com/capital/results/iwow-reports-lower-net-profit-122000-1hfy2025-down-57-y-o-y?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4590","symbol_name":"PTP","start_time":0,"source_url":"https://www.theedgesingapore.com/capital/results/iwow-reports-lower-net-profit-122000-1hfy2025-down-57-y-o-y?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2482646807","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482646807","pubTimestamp":1731291299,"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"Earnings per share stood at 0.05 cents, down from 0.11 cents in 1HFY2024.\n","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4590":"PTP","WES":"Western Midstream Operating, LP.","BK4144":"石油与天然气的储存和运输"},"translate_title":"iWOW报告2025财年上半年净利润为122,000美元，同比下降57%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WES":1},"content_text":"Earnings per share stood at 0.05 cents, down from 0.11 cents in 1HFY2024.\niWOW Technology has reported a lower net profit of $122,000 for the 1HFY2025 ended September 30, a 57% y-o-y decrease from $284,000 for the same period last year. \nThe group says this came on the back of increased employee and operating costs, which saw a 9% y-o-y increase and 3% y-o-y increase, respectively. \nEarnings per share stood at 0.05 cents, down from 0.11 cents in 1HFY2024. \nThe group’s revenue for the 1HFY2025 came in at $17.1 million, a slight decrease of 1% y-o-y from $17.3 million in 1HFY2024. \nThat said, the group adds that its IoT-as-a-Service (Iaas) and Wireless Engineering Solutions (WES) segments showed positive growth, which partly offset declines in other segments. \nFor the period, IaaS revenue rose by 16% y-o-y to $3.4 million, driven by increased demand for Smart Metering Services and Electronic Monitoring Solutions (EMS). The WES segment also saw 11% y-o-y growth to $9.9 million, due to contributions from the group’s $20.0 million Smart City Infrastructure contract awarded in July 2023.\nMeanwhile, the group’s Smart City Solutions segment revenue declined by 34% y-o-y to $0.3 million, while its Datacomm & Enterprise Solutions revenue fell by 18% y-o-y to $2.7 million, due to shifts in market demand. \nThe group says it remains confident in its outlook, due to its robust pipeline of IoT and EMS projects and an order book of $83.5 million, as at Oct 31. \n\"Our 1HFY2025 results demonstrate the resilience of our business despite economic challenges. Demand for our core IaaS and WES solutions have remained robust, supporting our stable revenue performance,” says Raymond Bo, CEO and executive director of iWOW Technology Nxr. “As we continue to enhance our IoT and Smart City Solutions portfolio, the launch of the BOP Button in 1HFY2025 will be instrumental in enabling iWOW to capture new opportunities in the public sector and consumer markets, both locally and abroad, providing a strategic advantage in the Silver Generation Solutions space.”\nShares in iWOW Technology closed flat at 20 cents on Nov 11.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482646807"}