Reports H1 revenue $2.3M vs. $4.5M last year. Mr. Bong Lau, CEO, commented, “Facing heavy and non-directional U.S. tariff increase and slowdown in U.S. real estate market in 2025, our revenue for the first half of 2025 compared to the same period of last year decreased about 48.5%. We are striving to optimize our product mix and source of origin composition to improve our performance. Our formal release of smart locks has to be suspended and postponed for the cost saving reasons due to same impact on revenue.”
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