Lichen China Ltd. Class A (LICN) has released an update.
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Lichen China Ltd. sees a surge in revenue, reporting a 13.63% increase to $18.1 million for the first half of 2024 compared to the same period in 2023, primarily due to growth in their financial and taxation solution services. Despite a decline in their education support services, the company’s strategic shift to focus on financial solutions and a growing software and maintenance segment contributed to overall positive financial results. Additionally, Lichen China Ltd. has completed a significant equity purchase, acquiring 60% of a target company for $8 million.
For further insights into LICN stock, check out TipRanks’ Stock Analysis page.
