Alert: Global Mofy Financial Results Webcast and Presentation Now Available
Global Mofy Metaverse (Nasdaq: GMM), an AI-driven technology solutions provider, has reported record financial results for the six months ended March 31, 2024. Key highlights include:
- Revenue up 55.3% YoY to $19.9 million
- Gross profit increased 135.1% YoY to $11.8 million
- Gross margin expanded to 59.3% from 39.2%
- EPS surged 1537.9% to $0.37
The company has undergone a strategic transformation to embrace AI technology, developing tools like the Gausspeed platform. Global Mofy has expanded globally with offices in Beijing, Zhejiang, and California, and established a $69 million fund for growth opportunities in AI, digital economy, and entertainment sectors.
Global Mofy Metaverse (Nasdaq: GMM), un fornitore di soluzioni tecnologiche alimentate dall'Intelligenza Artificiale, ha riportato risultati finanziari record per i sei mesi terminati il 31 marzo 2024. Le principali evidenze includono:
- Ricavi aumentati del 55,3% rispetto all'anno precedente, raggiungendo i 19,9 milioni di dollari
- Il profitto lordo è aumentato del 135,1% rispetto all'anno precedente, arrivando a 11,8 milioni di dollari
- Il margine lordo si è ampliato al 59,3% rispetto al 39,2%
- Il guadagno per azione è salito del 1537,9% a 0,37 dollari
La società ha intrapreso una trasformazione strategica per abbracciare la tecnologia AI, sviluppando strumenti come la piattaforma Gausspeed. Global Mofy si è espansa a livello globale con uffici a Pechino, Zhejiang e California, e ha istituito un fondo da 69 milioni di dollari per opportunità di crescita nei settori dell'AI, dell'economia digitale e dell'intrattenimento.
Global Mofy Metaverse (Nasdaq: GMM), un proveedor de soluciones tecnológicas impulsadas por IA, ha reportado resultados financieros récord para los seis meses que terminaron el 31 de marzo de 2024. Los puntos clave incluyen:
- Los ingresos aumentaron un 55,3% interanual, alcanzando los 19,9 millones de dólares
- La utilidad bruta incrementó un 135,1% interanual, totalizando 11,8 millones de dólares
- El margen bruto se expandió al 59,3% desde el 39,2%
- Las ganancias por acción se dispararon un 1537,9% a 0,37 dólares
La empresa ha llevado a cabo una transformación estratégica para adoptar la tecnología de IA, desarrollando herramientas como la plataforma Gausspeed. Global Mofy se ha expandido a nivel global con oficinas en Beijing, Zhejiang y California, y ha establecido un fondo de 69 millones de dólares para oportunidades de crecimiento en los sectores de IA, economía digital y entretenimiento.
글로벌 모피 메타버스(Nasdaq: GMM), AI 기반 기술 솔루션 제공업체가 2024년 3월 31일에 종료된 6개월 간의 기록적인 재무 실적을 보고했습니다. 주요 내용은 다음과 같습니다:
- 매출이 전년 대비 55.3% 증가하여 1990만 달러에 달함
- 총 이익이 전년 대비 135.1% 증가하여 1180만 달러에 도달함
- 총 이익률이 39.2%에서 59.3%로 확대됨
- 주당순이익이 1537.9% 급증하여 0.37 달러
회사는 AI 기술을 수용하기 위한 전략적 변환을 진행해 Gausspeed 플랫폼과 같은 도구를 개발했습니다. 글로벌 모피는 베이징, 저장성 및 캘리포니아에 사무소를 두고 있으며, AI, 디지털 경제 및 엔터테인먼트 부문에서 성장 기회를 위한 6900만 달러 규모의 펀드를 설립했습니다.
Global Mofy Metaverse (Nasdaq: GMM), un fournisseur de solutions technologiques pilotées par l'IA, a rapporté des résultats financiers records pour les six mois se terminant le 31 mars 2024. Les faits saillants incluent :
- Chiffre d'affaires en hausse de 55,3 % par rapport à l'année précédente, atteignant 19,9 millions de dollars
- Le bénéfice brut a augmenté de 135,1 % par rapport à l'année précédente, atteignant 11,8 millions de dollars
- La marge brute s'est étendue à 59,3 % contre 39,2 %
- Le bénéfice par action a bondi de 1537,9 % à 0,37 dollar
La société a entrepris une transformation stratégique pour adopter la technologie IA, en développant des outils comme la plateforme Gausspeed. Global Mofy s'est étendue à l'international avec des bureaux à Pékin, Zhejiang et Californie, et a créé un fonds de 69 millions de dollars pour des opportunités de croissance dans les secteurs de l'IA, de l'économie numérique et du divertissement.
Global Mofy Metaverse (Nasdaq: GMM), ein Anbieter von KI-gesteuerten Technologielösungen, hat für die sechs Monate bis zum 31. März 2024 rekordverdächtige finanzielle Ergebnisse gemeldet. Wichtige Highlights beinhalten:
- Umsatzsteigerung um 55,3% im Vergleich zum Vorjahr auf 19,9 Millionen Dollar
- Bruttogewinn stieg um 135,1% im Vergleich zum Vorjahr auf 11,8 Millionen Dollar
- Bruttomarge erweiterte sich auf 59,3% von 39,2%
- Ergebnis pro Aktie stieg um 1537,9% auf 0,37 Dollar
Das Unternehmen hat eine strategische Transformation durchlaufen, um die KI-Technologie zu integrieren, und entwickelt dazu Werkzeuge wie die Gausspeed-Plattform. Global Mofy hat sich weltweit mit Büros in Peking, Zhejiang und Kalifornien ausgedehnt und einen Fonds in Höhe von 69 Millionen Dollar für Wachstumschancen in den Bereichen KI, digitale Wirtschaft und Unterhaltung geschaffen.
- Record revenue of $19.9 million, up 55.3% YoY
- Gross profit increased by 135.1% YoY to $11.8 million
- Gross margin expanded to 59.3% from 39.2%
- EPS surged by 1537.9% to $0.37
- Established a $69 million fund for growth opportunities
- Global expansion with new offices in Beijing, Zhejiang, and California
- None.
BEIJING, July 24, 2024 (GLOBE NEWSWIRE) -- Global Mofy Metaverse Limited (the "Company" or "Global Mofy") (Nasdaq: GMM), a generative AI-driven technology solutions provider engaged in virtual content production and the development of 3D digital assets for use in the broader digital content industry, announced replay availability of the Company’s financial results webcast and management presentation for the six months ended March 31, 2024 on https://edge.media-server.com/mmc/p/3t6xp7iz (available for 12 months starting July 23, 2024) and its investor relations website at https://ir.globalmofy.cn/.
Global Mofy Metaverse reported record results before the Nasdaq opened yesterday, with revenue, gross margin, and EPS all surging on a year-over-year basis to new company records.
Financial highlights covered on the webcast and management presentation for the six months ended March 31, 2024 include:
- Revenue achieved a record of
$19.9 million , up55.3% YoY from$12.8 Million - Gross Profit Increased by
135.1% YoY to$11.8 Million from$5.0 Million - Gross Margin Expanded to
59.3% from39.2% in the year ago period - EPS Surged by
1537.9% to$0.37 from$0.02 in the year ago period
Select operational and strategic highlights for the six months ended March 31, 2024 include:
- Strategic Transformation: Global Mofy has undergone a significant strategic transformation to embrace the changing market and rising innovation and involvement of AI technology. This initiative aims to position the Company as an AI-driven technology solutions provider, focusing on integrating AI technologies across our operations. Key initiatives include the development of new AI tools and platforms, such as our generative AI platform Gausspeed, developed in collaboration with NVIDIA Omniverse. These advancements have significantly enhanced the company’s content creation efficiency and reduced production costs, while also helping the broader digital content industry by improving overall productivity and reducing costs.
- Global Market Expansion: The Company has expanded its global footprint with offices established in Beijing, Zhejiang, and now in California, United States, along with the establishment of its North American subsidiary, GMM DISCOVERY LLC. This strategic expansion enhances the ability to serve a diverse client base and explore new market opportunities, solidifying its aim to become a global leader in virtual content production and 3D digital asset development.
- Establishment of
$69 Million Fund: The Company successfully entered a letter of intent (“LOI”) with strategic partners to launch a$69 million fund to foster growth opportunities in the AI, digital economy, and entertainment sectors. This fund aims to support acquisitions and investments in Global Mofy’s upstream and downstream companies, enhancing market competitiveness and driving its mission, value, and innovation across the industry.
Haogang Yang, founder and CEO of Global Mofy, noted, “The digital revolution is transforming industries worldwide, and Global Mofy is at the forefront, partnering with leading technology firms to transform traditional content creation into an AI-powered, efficient, and innovative process. Given our outstanding financial results for the first half of 2024, we are more confident than ever in our decision to pursue an aggressive strategic transformation towards AI-driven solutions. Additionally, the recent establishment of our North American subsidiary, GMM DISCOVERY, marks a significant step for our company towards globalization and expanding our market reach. With our commitment to excellence and a clear vision for the future, we are poised for sustained growth and success in the evolving digital content industry, ensuring meaningful value to our shareholders in the future.”
About Global Mofy Metaverse Limited
Global Mofy Metaverse Limited (Nasdaq: GMM) is a generative AI-driven technology solutions provider engaged in virtual content production, and the development of digital assets for the digital content industry. Utilizing its proprietary "Mofy Lab" technology platform, which consists of interactive 3D and artificial intelligence ("AI") technology, the Company creates high-definition virtual versions of a wide range of physical world objects in 3D ranging from characters, objects to scenes and more. The digital assets can be used in different applications, including movies, TV series, AR/VR, animation, advertising, gaming, and more. Global Mofy Metaverse is one of the leading digital asset banks in China, which consists of more than 100,000 high-precision 3D digital assets. For more information, please visit www.globalmofy.cn/ or ir.globalmofy.cn.
Forward-Looking Statement
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. These forward-looking statements include, without limitation, the Company's statements regarding the expected trading of its Ordinary Shares on the Nasdaq Capital Market and the closing of the Offering. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For more information, please contact:
| Global Mofy Metaverse Ltd. Investor Relations Department ir@mof-vfx.com | Global IR Partners David Pasquale GMM@globalirpartners.com |
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