The Q1 2025 financial report of MEL shows remarkable growth in revenue and profit compared to the same period last year. Revenue reached $20 million, up 15% from Q1 2024. Net income also recorded a 10% increase, reaching $5 million. The main reasons for this growth are market expansion and increased sales due to new product launches. Operating costs have been well-controlled, allowing the company to maintain stable profit margins. Additionally, MEL has made significant investments in new technology to enhance production efficiency and meet customer demand. The financial results indicate that MEL is on the right track with its sustainable development strategy and scale expansion. For the next quarter, the company expects revenue to continue increasing by 5 to 10%, thanks to the ongoing development of innovative products and improved customer service.
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