An announcement from HomesToLife Ltd ( (HTLM) ) is now available.
On April 11, 2025, HomesToLife Ltd held a conference call to discuss its financial results for the fiscal year 2024. The company reported a net revenue decline of 18% compared to 2023, attributed to challenges such as shifts in consumer spending and increased competition. Despite these setbacks, the new HTL Far East subsidiary generated over $4 million in revenue in Q1 2025 and is expected to contribute significantly to the company’s projected total revenue of $16 to $18 million for 2025. The company is undergoing restructuring to improve financial performance, including closing underperforming stores and implementing expense controls.
More about HomesToLife Ltd
HomesToLife Ltd is a prominent home furniture company based in Singapore, operating six retail stores that offer premium customized furniture solutions. The company has recently expanded its market reach with a new subsidiary, HTL Far East Pte. Ltd., focusing on sourcing, distributing, and delivering premium furniture across the Asia-Pacific region. HomesToLife Ltd is publicly traded on Nasdaq, having completed its IPO in October 2024.
YTD Price Performance: -59.48%
Average Trading Volume: 54,109
Technical Sentiment Signal: Strong Buy
See more data about HTLM stock on TipRanks’ Stock Analysis page.