TROOPS, Inc. (TROO) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
TROOPS, Inc., a Hong Kong-based conglomerate, reported a 42.6% increase in revenue for the first half of 2024, reaching $2.61 million, driven primarily by growth in money lending and insurance consultancy services. Despite the revenue rise, the company faced a net loss of $1.36 million, up from $1.04 million the previous year, attributed to higher general and administrative expenses. The company continues to expand its diverse business operations, including recent acquisitions in its financial and advisory services sectors.
For further insights into TROO stock, check out TipRanks’ Stock Analysis page.
