IHS Holding Limited Reports First Quarter 2025 Financial Results
- Zepp Health Corporation announced its unaudited first-quarter 2025 financial results with $39 million revenue and 37.3% gross margin on May 19, 2025, in Milpitas, California.
- This report followed challenges including a 20% tariff on China-made products and a difficult macro environment mitigated by U.S.-China tariff relief and a dual-sourcing supply chain strategy in China and Vietnam.
- Amazfit-Branded products increased sales 10.2% year over year led by the launches of Amazfit Active 2 and Bip 6, despite supply constraints expected to resolve by the second quarter of 2025.
- The company repaid $11.5 million in short-term debt in Q1, lowered interest rates through refinancing, and expects Q2 net revenues of $50 million to $55 million, reflecting 23% to 35% growth over Q2 2024's $40.6 million.
- Zepp's ongoing product launches, expanding partnerships, and supply chain de-risking support the forecasted sales growth and position the company on a path to sustained profitability despite a $19.7 million net loss in Q1 2025.
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