Nimble Holdings Reports Subsidiary’s Q2 Financial Loss

Nimble Holdings Company (HK:0186) has released an update.

Nimble Holdings Company subsidiary, Emerson Radio Corp., has reported a net loss in its unaudited financial results for the quarter ending June 30, 2024, with net revenues slightly increasing from the previous year. Despite an increase in net product sales, the company’s total costs and expenses outpaced revenues, leading to an operating loss higher than the same period last year. These condensed financial results reveal a challenging quarter for Emerson Radio Corp., reflecting a need for strategic adjustments to improve profitability.

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