The Q1 2025 financial report from DDN indicates revenue reached 150 million USD, a 10% increase compared to the same period last year. Gross profit reached 70 million USD, with a gross margin of 46.7%. Operating expenses were 50 million USD, resulting in profit before tax of 20 million USD. After tax, net income was 16 million USD, corresponding to EPS (Earnings Per Share) of 0.80 USD.
DDN invested heavily in research and development of new products, allocating a budget of 15 million USD for R&D this quarter. The company also expanded into the Southeast Asian market, improving production scale and revenue growth.
DDN forecasts that in Q2, revenue will continue to grow due to the launch of new products and expanded distribution channels. The financial results indicate DDN is on the right track to achieve its financial goals for 2025.
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