Chanson International Holding announced its financial results for the fiscal year ended December 31, 2024, on April 4, 2025. The company reported a 5.7% increase in total revenue, reaching $18.2 million in fiscal year 2024, up from $17.3 million in fiscal year 2023.
Net income saw a significant increase, rising to $0.8 million in fiscal year 2024, compared to $0.03 million in the prior fiscal year. Basic and diluted earnings per share were $0.05 in fiscal year 2024, a notable improvement from $0.003 in fiscal year 2023.
Despite the positive net income, gross profit decreased by 11.7% to $7.2 million, and gross margin declined by 7.7 percentage points to 39.5% in fiscal year 2024. However, the company's cash and cash equivalents significantly increased to $12.1 million as of December 31, 2024, from $1.5 million at the end of 2023, with net cash provided by operating activities reaching $3.5 million.
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