Highway Holdings (HIHO) has released an update.
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Highway Holdings Limited reports a significant 39% year-over-year increase in first quarter revenue for fiscal year 2025, with net sales reaching $1.88 million. The company achieved a net gain of $98,000, marking a substantial recovery from the previous year’s net loss of $338,000. Despite the challenges of the pre-COVID level business, the company’s financial position remains strong with $6.0 million in cash and a steady increase in customer orders, signaling a cautiously optimistic outlook for sustained growth.
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