The financial report for Q1 2025 of PVG Corporation highlights significant aspects. Revenue for the quarter reached $150 million, a 15% increase compared to the same period last year. Gross profit was reported at $60 million, with a gross profit margin of 40%. However, operating costs also rose sharply to $45 million, reducing net profit to $10 million. Compared to Q4 2024, revenue saw a slight decrease of about 5% due to some major contracts未 yet being signed. The company’s current assets stand at $300 million, with sufficient cash reserves to ensure operations for the next six months. The company has also made efforts to reduce debt, with a debt-to-equity ratio of 0.4. Overall, the financial situation of PVG in Q1 2025 remains stable despite facing market challenges.
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