Highway Holdings reports Q3 EPS 2c vs. 8c last year

Reports Q3 revenue $1.9M vs. $2.2M last year. CEO Roland Kohl said, “While our revenue growth was healthy for the first nine months of FY25, the overall near-term situation remains generally challenged as previously reported. Being an OEM manufacturer, we depend on the business health and quality of our customers. We are seeing some encouraging signs at specific customers, but the broader rebound has been slowed by the uncertain macro environment, following the fallout of COVID, as orders for customer products have been adversely impacted by the Russia/Ukraine war, the conflict in the Middle East, and uncertainty around potential policy changes from the incoming new administration in the U.S. It remains to be seen how much of the uncertainty and paused demand will be short-term in nature. Longer-term, we see market changes as a positive and a better option than being stuck in neutral…As noted last quarter, as part of our business growth strategy, we are evaluating numerous possible ventures, which could substantially improve the company’s future…We are confident that with our present efforts we will be less reliant on the business health our customers. In this respect, we are cautiously optimistic that the company is on the right track for a better future as we continue to build on our track record of success over the long-term.”