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Planet Image International Ltd Reports Q2 2025 Net Loss and Revenue Decrease
YIBO
Earnings
Demand Weakening
Accounting Changes
- Planet Image International Limited reported a net loss of US$8.0 million for the six months ended June 30, 2025, a significant decline from the net income of US$4.3 million in the prior year period.
- Net revenue decreased by 3.6% to US$74.5 million for the six months ended June 30, 2025, compared to US$77.3 million for the same period in 2024.
- The shift to a net loss was primarily attributed to an US$8.6 million increase in share-based compensation expenses and a US$4.2 million decrease in gross profit, which was impacted by fierce competition in the German and Eastern European markets, as well as increased tariffs and ocean freight rates.
- As of June 30, 2025, the company maintained US$52.9 million in cash and cash equivalents and restricted cash.
Sep 16, 2025, 8:10 PM
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