IHS Holding Limited Reports First Quarter 2025 Financial Results
- Zepp Health Corporation reported unaudited first quarter 2025 financial results from Milpitas, Calif., on May 19, 2025, showing $39 million revenue and a 37.3% gross margin.
- The results followed a two-year transformation and were affected by additional 20% tariffs on China-made products, with tariff relief and a dual-sourcing supply chain helping to ease cost pressures.
- In the first quarter of 2025, revenue from Amazfit products rose by 10.2% compared to the same period last year, fueled by the strong performance of the Amazfit Active 2 and Bip 6 models, despite ongoing supply challenges expected to be resolved by mid-2025.
- Zepp repaid $11.5 million short-term debt in Q1 2025, refined most 2025 maturing debt into multi-year loans, and managed cash tightly to end Q1 with $104 million compared to $110 million in Q4 2024.
- Management anticipates Q2 2025 net revenues to range from $50 million to $55 million, reflecting a 23% to 35% rise compared to Q2 2024, marking the company’s first increase in annual sales since 2021 as its global presence continues to expand.
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