HomesToLife Ltd ( (HTLM) ) has released its Q1 earnings. Here is a breakdown of the information HomesToLife Ltd presented to its investors.
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HomesToLife Ltd is a Singapore-based company specializing in home furniture retail and distribution, with operations spanning Asia-Pacific, Europe, and North America.
In the first quarter of 2025, HomesToLife Ltd reported a significant 405% increase in revenue, reaching $5.2 million compared to the previous year. The company’s net income also turned positive, with a reported $125,000, marking a substantial improvement from a net loss in the same period last year.
Key financial highlights include the successful launch of HTL Far East, contributing $4.4 million to the revenue, and an improvement in gross margin for the Singapore retail business to 73%. However, the overall gross margin decreased to 26% due to the lower margin from HTL Far East. Operating expenses increased, partly due to costs associated with the Nasdaq listing.
Looking forward, HomesToLife Ltd is optimistic about sustaining revenue growth, particularly through HTL Far East’s expansion in the Asia-Pacific region and the acquisition of HTL Marketing, which is expected to significantly contribute to the company’s revenue for the year. The company aims to maintain a strong liquidity position to support its strategic growth initiatives.