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CCSC Technology International Holdings Limited ( (CCTG) ) has provided an update.
CCSC Technology International Holdings Limited reported its unaudited condensed consolidated financial statements for the six months ending September 30, 2024. The company experienced an increase in net revenue to $9.2 million from $7.5 million in 2023, which led to a higher gross profit of $2.75 million compared to $2.28 million the previous year. However, operating expenses also rose, resulting in a loss from operations amounting to $805,753, a significant increase from the $284,492 loss in 2023. This financial performance indicates growing revenue streams but also highlights rising costs which have impacted overall profitability.
More about CCSC Technology International Holdings Limited
YTD Price Performance: -74.29%
Average Trading Volume: 647,792
Technical Sentiment Consensus Rating: Strong Buy
Learn more about CCTG stock on TipRanks’ Stock Analysis page.
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