Lobo EV Technologies Reports Q2 Net Loss of $2.45 Million, EPS Declines to $0.28

Reuters2025-09-04
Lobo EV Technologies Reports <a href="https://laohu8.com/S/QTWO">Q2</a> Net Loss of $2.45 Million, EPS Declines to $0.28

Lobo EV Technologies Ltd. has released its financial results for the six months ended June 30, 2025. The company reported revenues from electric vehicles and accessories sales amounting to $12.09 million, showing a slight increase compared to $12.08 million in the same period of the previous year. The company did not report any revenues from software royalties or development and design services in the current period, compared to $56,334 in the prior year. The net loss for the period increased significantly to $2.62 million, compared to a net loss of $313,247 in the first half of 2024. The comprehensive loss was $2.45 million, compared to a comprehensive loss of $481,948 in the prior year period. The company has transitioned to operating as a single reportable segment, focusing on Electric Vehicles and Accessories Sales since December 2024. No geographical segments were presented as the company's operations and revenues are primarily derived from within the People's Republic of China (PRC).

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lobo EV Technologies Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-026417), on September 03, 2025, and is solely responsible for the information contained therein.
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