Haoxi Health Technology Limited Reports Financial Results for Fiscal Year Ended June 30, 2024
Financial Performance: Haoxi Health Technology Limited reported a 72% increase in net revenue for the fiscal year ending June 30, 2024, reaching $48.52 million, alongside a 33% rise in net income to $1.29 million, driven by higher average revenue per client and an expanded customer base in the healthcare sector.
Recent Developments: The company formed a strategic partnership with Gauss Intelligence for AI marketing solutions and successfully raised $12 million through a follow-on offering, indicating ongoing growth and investment in innovative marketing strategies.
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Global Mofy AI Reports Record $55.9M Revenue, Up 35.3% Year-over-Year
- Record Revenue: Global Mofy AI achieved a record revenue of $55.9 million for fiscal year 2025, reflecting a 35.3% year-over-year increase, driven by sustained demand for virtual content production and 3D digital assets.
- Gross Profit Growth: The gross profit reached $22.5 million with a gross margin of 40.2%, indicating continued investment in AI-native production infrastructure, which enhances long-term efficiency and automation capabilities.
- Non-GAAP Operating Income: The non-GAAP operating income was $10.8 million, representing a 17.9% year-over-year increase, demonstrating robust core operational performance despite challenges from non-cash accounting items.
- Increased R&D Investment: R&D expenses totaled $7.9 million, up 6.7% year-over-year, primarily focused on expanding the 3D digital asset library and advancing AI-driven production tools, thereby supporting the company's competitiveness in the rapidly evolving AI market.
Global Mofy AI Secures $4.8 Million in Private Placement Financing
- Financing Scale: Global Mofy AI announced the signing of securities purchase agreements for a private placement, expecting gross proceeds of approximately $4.8 million, indicating strong market recognition and support for its AI technology.
- Share Issuance: The financing will issue 15,000,000 Class A ordinary shares at a price of $0.31875 per share, not only providing essential operational funds but also facilitating the continued expansion of its technology platforms.
- Use of Funds: The company intends to use the proceeds for general corporate purposes, including working capital and product development, aiming to enhance its competitiveness and market share in the digital content industry.
- Registration Statement: Global Mofy will file a registration statement with the SEC to register the resale of Class A ordinary shares, ensuring compliance and paving the way for future capital market activities.
Global Mofy AI Secures $4.8 Million in Private Placement Financing
- Financing Scale: Global Mofy AI has entered into securities purchase agreements with investors, successfully raising approximately $4.8 million in a private placement, reflecting market confidence in its AI technology solutions.
- Share Issuance: The financing will involve the issuance of 15 million Class A ordinary shares at a price of $0.31875 per share, further strengthening the company's capital base to support future growth.
- Use of Proceeds: The company intends to utilize the net proceeds for general corporate purposes, including working capital and product development, aiming to accelerate the expansion of its AI-powered technology platforms.
- Registration Statement: Global Mofy has agreed to file a registration statement with the SEC to register the resale of Class A ordinary shares, ensuring compliance and paving the way for future capital market activities.
Global Mofy and the Shunyi District Government of Beijing Engage in Detailed Discussions on Extensive Collaboration
Government Delegation Visit: A delegation from Beijing's Shunyi District visited Global Mofy AI Limited to discuss the company's development, technological applications, and potential cooperation opportunities, highlighting the government's support for technology-driven innovation.
Company Overview: Global Mofy AI is a leading provider of generative AI-driven technology solutions, specializing in virtual content production and the development of 3D digital assets for various applications, including film, tourism, and advertising.
Future Cooperation Directions: The discussions included exploring collaboration on immersive digital platforms and integrating generative AI into local culture and tourism, with a focus on enhancing the company's competitiveness and growth.
Strategic Goals: Global Mofy aims to leverage its strengths in generative AI and cross-media content creation to drive the integration of digital creativity with the real economy, contributing to the high-quality development of the region.
Global Mofy AI Unveils New Website Domain to Enhance International AI Brand Presence
Website Launch: Global Mofy AI Limited has launched its new corporate website, www.globalmofy.ai, as part of its global expansion strategy and to enhance its AI-driven technology brand identity, retiring its previous site, www.globalmofy.cn.
Technological Focus: The new website features improved navigation and insights into the company's proprietary "Mofy Lab" technology platform, which supports the creation of high-definition 3D digital assets for various applications in the digital content industry.
Global Mofy Invests in Ethiopian Digital Freight Platform Wetruck AI to Advance Global AI Strategy and Drive Logistics Innovation in Africa
Global Mofy AI's Investment: Global Mofy AI Limited has made a strategic investment in Wetruck AI, a digital freight platform in Ethiopia, marking its entry into the African market and aiming to enhance logistics through AI technology.
Wetruck AI's Development: Wetruck AI is developing a digital freight platform that will modernize East Africa's road transportation system by integrating features like intelligent capacity matching and real-time tracking, set to launch in late 2025.
Global Mofy AI Reports Record $55.9M Revenue, Up 35.3% Year-over-Year
- Record Revenue: Global Mofy AI achieved a record revenue of $55.9 million for fiscal year 2025, reflecting a 35.3% year-over-year increase, driven by sustained demand for virtual content production and 3D digital assets.
- Gross Profit Growth: The gross profit reached $22.5 million with a gross margin of 40.2%, indicating continued investment in AI-native production infrastructure, which enhances long-term efficiency and automation capabilities.
- Non-GAAP Operating Income: The non-GAAP operating income was $10.8 million, representing a 17.9% year-over-year increase, demonstrating robust core operational performance despite challenges from non-cash accounting items.
- Increased R&D Investment: R&D expenses totaled $7.9 million, up 6.7% year-over-year, primarily focused on expanding the 3D digital asset library and advancing AI-driven production tools, thereby supporting the company's competitiveness in the rapidly evolving AI market.
Global Mofy AI Secures $4.8 Million in Private Placement Financing
- Financing Scale: Global Mofy AI announced the signing of securities purchase agreements for a private placement, expecting gross proceeds of approximately $4.8 million, indicating strong market recognition and support for its AI technology.
- Share Issuance: The financing will issue 15,000,000 Class A ordinary shares at a price of $0.31875 per share, not only providing essential operational funds but also facilitating the continued expansion of its technology platforms.
- Use of Funds: The company intends to use the proceeds for general corporate purposes, including working capital and product development, aiming to enhance its competitiveness and market share in the digital content industry.
- Registration Statement: Global Mofy will file a registration statement with the SEC to register the resale of Class A ordinary shares, ensuring compliance and paving the way for future capital market activities.
Global Mofy AI Secures $4.8 Million in Private Placement Financing
- Financing Scale: Global Mofy AI has entered into securities purchase agreements with investors, successfully raising approximately $4.8 million in a private placement, reflecting market confidence in its AI technology solutions.
- Share Issuance: The financing will involve the issuance of 15 million Class A ordinary shares at a price of $0.31875 per share, further strengthening the company's capital base to support future growth.
- Use of Proceeds: The company intends to utilize the net proceeds for general corporate purposes, including working capital and product development, aiming to accelerate the expansion of its AI-powered technology platforms.
- Registration Statement: Global Mofy has agreed to file a registration statement with the SEC to register the resale of Class A ordinary shares, ensuring compliance and paving the way for future capital market activities.
Global Mofy and the Shunyi District Government of Beijing Engage in Detailed Discussions on Extensive Collaboration
Government Delegation Visit: A delegation from Beijing's Shunyi District visited Global Mofy AI Limited to discuss the company's development, technological applications, and potential cooperation opportunities, highlighting the government's support for technology-driven innovation.
Company Overview: Global Mofy AI is a leading provider of generative AI-driven technology solutions, specializing in virtual content production and the development of 3D digital assets for various applications, including film, tourism, and advertising.
Future Cooperation Directions: The discussions included exploring collaboration on immersive digital platforms and integrating generative AI into local culture and tourism, with a focus on enhancing the company's competitiveness and growth.
Strategic Goals: Global Mofy aims to leverage its strengths in generative AI and cross-media content creation to drive the integration of digital creativity with the real economy, contributing to the high-quality development of the region.
Global Mofy AI Unveils New Website Domain to Enhance International AI Brand Presence
Website Launch: Global Mofy AI Limited has launched its new corporate website, www.globalmofy.ai, as part of its global expansion strategy and to enhance its AI-driven technology brand identity, retiring its previous site, www.globalmofy.cn.
Technological Focus: The new website features improved navigation and insights into the company's proprietary "Mofy Lab" technology platform, which supports the creation of high-definition 3D digital assets for various applications in the digital content industry.
Global Mofy Invests in Ethiopian Digital Freight Platform Wetruck AI to Advance Global AI Strategy and Drive Logistics Innovation in Africa
Global Mofy AI's Investment: Global Mofy AI Limited has made a strategic investment in Wetruck AI, a digital freight platform in Ethiopia, marking its entry into the African market and aiming to enhance logistics through AI technology.
Wetruck AI's Development: Wetruck AI is developing a digital freight platform that will modernize East Africa's road transportation system by integrating features like intelligent capacity matching and real-time tracking, set to launch in late 2025.
