Helport AI Reports First Half Fiscal Year 2025 Financial Results
Helport AI (NASDAQ: HPAI) reported financial results for H1 FY2025 ending December 31, 2024. Revenue increased 13.1% to $16.4 million, driven by a 29.1% growth in average monthly subscribed seats to 6,469. However, gross profit decreased 7.7% to $9.0 million, and net income fell 82.9% to $1.1 million due to increased investments in R&D, compliance costs, and global expansion.
Key operational milestones include:
- Approval and availability on Google Cloud Marketplace
- Partnership with a US wholesale mortgage lender reaching 100,000+ loan officers
- New Philippines office establishment with 100+ workers
- Strategic partnerships with three consumer financing companies and seven U.S. insurance agencies
The company maintains positive operating cash flow of $3.9 million and continues to invest in AI capabilities, including voice cloning and multilingual automation, while expanding its presence in North America and Southeast Asia.
Helport AI (NASDAQ: HPAI) ha riportato i risultati finanziari per il primo semestre dell'anno fiscale 2025 che si è concluso il 31 dicembre 2024. I ricavi sono aumentati del 13,1% raggiungendo 16,4 milioni di dollari, grazie a una crescita del 29,1% nel numero medio di posti abbonati mensili, arrivando a 6.469. Tuttavia, il profitto lordo è diminuito del 7,7% a 9,0 milioni di dollari, e il reddito netto è sceso dell'82,9% a 1,1 milioni di dollari a causa dell'aumento degli investimenti in R&D, dei costi di conformità e dell'espansione globale.
I principali traguardi operativi includono:
- Approvazione e disponibilità su Google Cloud Marketplace
- Partnership con un prestatore ipotecario all'ingrosso negli Stati Uniti che raggiunge oltre 100.000 agenti di prestito
- Stabilimento di un nuovo ufficio nelle Filippine con oltre 100 lavoratori
- Partnership strategiche con tre aziende di finanziamento al consumo e sette agenzie assicurative statunitensi
L'azienda mantiene un flusso di cassa operativo positivo di 3,9 milioni di dollari e continua a investire nelle capacità di intelligenza artificiale, inclusi il cloning vocale e l'automazione multilingue, mentre espande la sua presenza in Nord America e nel sud-est asiatico.
Helport AI (NASDAQ: HPAI) reportó los resultados financieros para el primer semestre del año fiscal 2025 que finalizó el 31 de diciembre de 2024. Los ingresos aumentaron un 13,1% alcanzando 16,4 millones de dólares, impulsados por un crecimiento del 29,1% en el promedio mensual de asientos suscritos, llegando a 6,469. Sin embargo, el beneficio bruto disminuyó un 7,7% a 9,0 millones de dólares, y la renta neta cayó un 82,9% a 1,1 millones de dólares debido al aumento de las inversiones en I+D, costos de cumplimiento y expansión global.
Los hitos operativos clave incluyen:
- Aprobación y disponibilidad en Google Cloud Marketplace
- Asociación con un prestamista hipotecario mayorista de EE. UU. que alcanza a más de 100,000 oficiales de préstamos
- Establecimiento de una nueva oficina en Filipinas con más de 100 trabajadores
- Asociaciones estratégicas con tres empresas de financiamiento al consumidor y siete agencias de seguros de EE. UU.
La empresa mantiene un flujo de caja operativo positivo de 3,9 millones de dólares y continúa invirtiendo en capacidades de IA, incluyendo clonación de voz y automatización multilingüe, mientras expande su presencia en América del Norte y el sudeste asiático.
헬포트 AI (NASDAQ: HPAI)는 2024년 12월 31일로 종료된 2025 회계연도 상반기 재무 결과를 발표했습니다. 매출은 1,640만 달러로 13.1% 증가했으며, 이는 평균 월 구독 좌석 수가 6,469개로 29.1% 성장한 데 기인합니다. 그러나 총 이익은 9.0백만 달러로 7.7% 감소했고, 순이익은 R&D, 준수 비용 및 글로벌 확장에 대한 투자 증가로 인해 1.1백만 달러로 82.9% 감소했습니다.
주요 운영 이정표는 다음과 같습니다:
- 구글 클라우드 마켓플레이스에서의 승인 및 가용성
- 100,000명 이상의 대출 담당자에게 도달하는 미국 도매 모기지 대출 기관과의 파트너십
- 100명 이상의 직원이 있는 필리핀 사무소 설립
- 세 개의 소비자 금융 회사와 일곱 개의 미국 보험 기관과의 전략적 파트너십
회사는 390만 달러의 긍정적인 운영 현금 흐름을 유지하고 있으며, 음성 클로닝 및 다국어 자동화를 포함한 AI 기능에 계속 투자하고 있으며, 북미 및 동남아시아에서의 입지를 확장하고 있습니다.
Helport AI (NASDAQ: HPAI) a publié ses résultats financiers pour le premier semestre de l'exercice 2025 se terminant le 31 décembre 2024. Le chiffre d'affaires a augmenté de 13,1 % pour atteindre 16,4 millions de dollars, soutenu par une croissance de 29,1 % du nombre moyen de postes abonnés mensuels, atteignant 6 469. Cependant, le bénéfice brut a diminué de 7,7 % à 9,0 millions de dollars, et le revenu net a chuté de 82,9 % à 1,1 million de dollars en raison d'une augmentation des investissements en R&D, des coûts de conformité et de l'expansion mondiale.
Les principales étapes opérationnelles incluent :
- Approbation et disponibilité sur Google Cloud Marketplace
- Partenariat avec un prêteur hypothécaire en gros américain atteignant plus de 100 000 agents de prêt
- Création d'un nouveau bureau aux Philippines avec plus de 100 employés
- Partenariats stratégiques avec trois entreprises de financement à la consommation et sept agences d'assurance américaines
L'entreprise maintient un flux de trésorerie opérationnel positif de 3,9 millions de dollars et continue d'investir dans des capacités d'IA, y compris le clonage vocal et l'automatisation multilingue, tout en élargissant sa présence en Amérique du Nord et en Asie du Sud-Est.
Helport AI (NASDAQ: HPAI) hat die finanziellen Ergebnisse für das erste Halbjahr des Geschäftsjahres 2025, das am 31. Dezember 2024 endete, veröffentlicht. Der Umsatz stieg um 13,1% auf 16,4 Millionen Dollar, unterstützt durch ein Wachstum von 29,1% bei der durchschnittlichen Anzahl der monatlich abonnierten Plätze, die auf 6.469 anstieg. Der Bruttogewinn hingegen sank um 7,7% auf 9,0 Millionen Dollar, und der Nettogewinn fiel um 82,9% auf 1,1 Millionen Dollar aufgrund steigender Investitionen in F&E, Compliance-Kosten und globale Expansion.
Wichtige betriebliche Meilensteine sind:
- Genehmigung und Verfügbarkeit im Google Cloud Marketplace
- Partnerschaft mit einem US-Großhandelshypothekengeber, der über 100.000 Darlehensvermittler erreicht
- Gründung eines neuen Büros auf den Philippinen mit über 100 Mitarbeitern
- Strategische Partnerschaften mit drei Verbraucherkreditunternehmen und sieben US-Versicherungsagenturen
Das Unternehmen weist einen positiven operativen Cashflow von 3,9 Millionen Dollar auf und investiert weiterhin in KI-Fähigkeiten, einschließlich Sprachklonen und mehrsprachiger Automatisierung, während es seine Präsenz in Nordamerika und Südostasien ausbaut.
- Revenue growth of 13.1% to $16.4 million
- 29.1% increase in monthly subscribed seats to 6,469
- Positive operating cash flow of $3.9 million
- Strategic expansion through Google Cloud Marketplace approval
- Successful partnerships with mortgage lenders and insurance agencies
- Net income declined 82.9% to $1.1 million
- Gross profit decreased 7.7% to $9.0 million
- Gross profit margin dropped from 67.0% to 54.6%
- Selling and marketing expenses increased by 953%
- General and administrative expenses rose by 125.2%
Insights
Helport AI's H1 FY2025 results present a mixed financial picture with revenue growing 13.1% to
Net income decreased dramatically by
The gross margin compression from
While the strategic initiatives with Google Cloud Marketplace, mortgage lenders and insurance agencies could provide future growth vectors, investors should carefully monitor whether these partnerships translate into sustainable revenue and improved profitability. Management's commentary suggests a continuation of significant investments in H2, which may further pressure margins before potentially yielding results.
The company's liquidity position appears adequate with
First Half Fiscal Year 2025 Revenue up
Accelerating Enterprise AI Adoption Fuels Market Expansion, Unlocking New Opportunities in AI-Powered Customer Engagement
Management to Host Conference Call Today, March 31, 2025 at 4:30 PM ET
SINGAPORE and SAN DIEGO, March 31, 2025 (GLOBE NEWSWIRE) -- Helport AI Limited (NASDAQ: HPAI) (“Helport AI” or the “Company”), an AI technology company serving enterprise clients with intelligent customer communication software and services, today announced financial results for the six months ended December 31, 2024.
First Half Fiscal Year 2025 Highlights
- Average monthly subscribed seats were 6,469 for the six months ended December 31, 2024, representing an increase of
29.1% from 5,011 in the same period of 2023. - Revenue for the six months ended December 31, 2024, was
$16.4 million , representing an increase of13.1% from$14.5 million in the six months ended December 31, 2023, driven by increased enterprise adoption of AI-driven solutions. - Gross profit for the first half of fiscal year 2025 was
$9.0 million , representing a decrease of7.7% from$9.7 million in the first half of fiscal year 2024, as a result of continued investment in AI infrastructure and product innovation. - Net income was
$1.1 million in the first half of fiscal year 2025, compared to$6.2 million in the first half of fiscal year 2024, representing a decrease of82.9% , as a result of our increased investments in R&D, public company regulatory compliance costs, and global expansion expenses. - Net cash provided by operating activities was
$3.9 million for the six months ended December 31, 2024, supporting business expansion and strategic initiatives. - As of December 31, 2024, there were 37,132,968 ordinary shares and 18,845,000 warrants issued and outstanding.
Subsequent Operational Milestones
- As of December 2024, Helport AI Assist software is officially approved and available on Google Cloud Marketplace, allowing businesses across sectors to access Helport's AI-driven software.
- Successful rollout of partnership with Google by delivering AI-driven software and services to one of its US west coast government accounts. First phase completed with further collaboration underway.
- In December 2024, Helport AI formed a strategic partnership with a US wholesale mortgage lender to offer Helport AI Assist software to its network of over 100,000 loan officers nationwide.
- Opened new office in the Philippines in January 2025, establishing a ‘Global Center of Excellence’ to drive artificial intelligence operations and service offerings in the business process outsourcing (BPO) industry. In less than three months, headcount has grown to more than 100 workers, reflecting strong demand from customers in the region.
- Appointed Amy Fong as President, Director, and Interim Chief Financial Officer, bringing over 25 years of experience as a seasoned professional across multiple industries, including banking, private equity, management consulting, and the not-for-profit sector.
- Progress in the debt collection space since January 2025, having secured partnerships with three consumer financing companies in Southeast Asia, two of which are publicly listed in the U.S.
- Since February 2025, the Company has signed partnerships with seven U.S. insurance agencies to pilot Helport AI Assist software.
- Company to host “Investor/Analyst Day” at its North America HQ in San Diego in Q2 of 2025.
Outlook for Second Half Fiscal Year 2025 & Beyond:
- Revenue Growth: Accelerating revenue materialization from a robust pipeline of customers in our core sectors of insurance, mortgage sales, BPO call centers, consumer financing, and government services. Driving further expansion in the U.S. and Southeast Asia through enterprise partnerships and focused execution in these core industries.
- Profitability & Cost Optimization: Improving AI training efficiency and cloud infrastructure to enhance margins over time.
- AI+BPO Monetization: Expanding in-house AI + human service delivery model to facilitate new customer acquisition and rapid proof of concept. Leveraging this software plus service offering to efficiently scale user base and revenue generation across global markets.
- Continued R&D Innovation: Investing in AI capabilities, including voice cloning, multilingual automation, and industry-specific integrations.
Management Commentary
“The first half of fiscal year 2025 delivered revenue growth of
“On the technology front, our products are now comprehensively integrated with large language models (LLMs), which has been shown to enhance their ability to digest raw, unstructured information and provide smart, domain-specific applications for our growing customer base. We have also built new industry-specific knowledge bases, achieving major milestones for the Company across key sectors. Demonstrating this ability to penetrate new industries where we see vast growth potential, we have partnered with U.S.-based LendSure Mortgage Corp. (“LendSure”), a wholesale lender with a network of over 100,000 loan officers, as well as with seven insurance agencies across multiple US states. These scalable seeds represent early traction across multiple industry sectors, each of which represents significant market opportunities.”
“Operationally, we continued to make strategic investments in our team and infrastructure to strengthen and expand our capabilities and global reach. We have established offices in the Philippines and the U.S. and are in the process of opening additional offices in North America and Southeast Asia to execute on both existing and potential demand in these regions. We also welcomed Amy Fong as President, Director, and Interim CFO. Amy is a seasoned executive who is now overseeing our finance functions, leading strategy across capital markets, partner and customer development, and global operations.”
“Looking ahead to the second half of fiscal year 2025, we are building on our foundation and doubling down on strategic initiatives to accelerate revenue growth and enhance profitability. We are deepening penetration in what we anticipate will be high-growth markets, specifically North America and Southeast Asia. As demonstrated with our recent customer acquisitions across mortgage, insurance, and debt collection, we are tailoring our AI-powered solutions for industry-specific needs, aiming to expand adoption among BPOs, financial services, and public sector industries. We are driving monetization and acceleration of our AI+BPO offering, which has seen noteworthy demand in new segments such as consumer financing, which we expect will allow us to capture greater market share in AI-driven customer engagement solutions.”
“We will continue to prioritize R&D investments and building next-generation AI products that further differentiate Helport AI in the market. We are also focusing on cost efficiencies, including optimizing AI training costs and cloud infrastructure, and improving unit economics per deployment, to strengthen profitability and deliver long-term value to our shareholders,” concluded Li.
Financial Review for the Six Months Ended December 31, 2024 and 2023
Revenue
During the six months ended December 31, 2024 and 2023, all of our revenue was derived from AI services. Revenue increased by approximately US
Cost of Revenue
Cost of revenue primarily consists of amortization of software, payments to a third-party service provider for outsourced operations, as well as cloud infrastructure costs. Cost of revenue related to AI services increased by approximately US
Gross Profit
As a result of the foregoing, we recorded gross profit of US
Selling and Marketing Expenses
Our selling and marketing expenses increased by
General and Administrative Expenses
Our general and administrative expenses increased by
Research and Development Expenses
Our research and development expenses increased by US
Financial Expenses, net
Our financial expenses, net increased from US
Income Tax Expenses
As a result of our operating income position for the six months ended December 31, 2024 and 2023, we incurred income tax expenses of US
Net Income
As a result of the foregoing, our net income decreased by US
Liquidity and Capital Resources
Cash was
Use of Non-GAAP Financial Measures
We consider adjusted net income, a non-GAAP financial measure, as a supplemental measure to review and assess our operating performance. We define adjusted net income for a specific period as net income in the same period excluding share-based compensation expenses and changes in fair value of warrant liabilities.
We present this non-GAAP financial measure because it is used by our management to evaluate our operating performance and formulate business plans. Accordingly, we believe that adjusted net income helps identify underlying trends in our business that could otherwise be distorted by the effect of certain expenses that are included in net income and certain expenses that are not expected to result in future cash payments or that are non-recurring in nature. We also believe that the use of the non-GAAP financial measure facilitates investors’ assessment of our operating performance, enhances the overall understanding of our past performance and future prospects and allows for greater visibility with respect to key metrics used by our management in its financial and operational decision making.
The non-GAAP financial measure should not be considered in isolation from or construed as an alternative to its most directly comparable financial measure prepared in accordance with GAAP. Investors are encouraged to review the historical non-GAAP financial measure in reconciliation to its most directly comparable GAAP financial measure. As the non-GAAP financial measure has material limitations as an analytical metric and may not be calculated in the same manner by all companies, such measure may not be comparable to other similarly titled measure used by other companies. In light of the foregoing limitations, you should not consider the non-GAAP financial measure as a substitute for, or superior to, its most directly comparable financial measure prepared in accordance with GAAP. We encourage investors and others to review our financial information in its entirety and not rely on a single financial measure.
The following table reconciles our adjusted net income for the periods indicated to the most directly comparable financial measure calculated and presented in accordance with U.S. GAAP, which is net income.
| For the six months ended December 31, | |||||
| 2024 | 2023 | ||||
| Net income | $ | 1,066,894 | $ | 6,243,606 | |
| Add: | |||||
| Share-based compensation expenses | 223,933 | - | |||
| Change in fair value of warrant liabilities | 336,136 | - | |||
| Total | $ | 1,626,963 | $ | 6,243,606 | |
First Half Fiscal Year 2025 Financial Results Conference Call
Guanghai Li, Chief Executive Officer, and Amy Fong, President and Interim Chief Financial Officer, will host the conference call, followed by a question-and-answer session. The conference call will be accompanied by a presentation, which can be viewed during the webcast or accessed via the investor relations section of the Company’s website here.
To access the call, please use the following information:
| Date: | Monday, March 31, 2025 |
| Time: | 4:30 p.m. Eastern Time, 1:30 p.m. Pacific Time |
| Toll-free dial-in number: | 1-800-274-8461 |
| International dial-in number: | 1-203-518-9814 |
| Conference ID (Required for Entry): | HELPORT |
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact MZ Group at 1-949-491-8235.
The conference call will be broadcast live and available for replay at https://viavid.webcasts.com/starthere.jsp?ei=1712485&tp_key=f52524cadf and via the investor relations section of the Company's website here.
A replay of the webcast will be available after 9:30 p.m. Eastern Time through July 1, 2025.
| Toll-free replay number: | 1-844-512-2921 |
| International replay number: | 1-412-317-6671 |
| Replay ID: | 11158521 |
About Helport AI Limited
We are a global AI technology company serving enterprise clients with intelligent customer communication software and services. Our proprietary software offering, Helport AI Assist (“AI Assist”), is a real-time, AI-driven “co-pilot” providing intelligent guidance for customer contact professionals across business settings. In addition, we provide AI+BPO (Business Process Outsourcing) services to facilitate customer engagement, helping clients grow sales, improve customer service, and reduce operational costs.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including, but not limited to, HPAI’s business plan and outlook. These forward-looking statements involve known and unknown risks and uncertainties and are based on HPAI’s current expectations and projections about future events that HPAI believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions, although not all forward-looking statements contain these identifying words. HPAI undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although HPAI believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and HPAI cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in HPAI’s registration statement and other filings with the U.S. Securities and Exchange Commission.
For more information, please contact:
Helport AI Investor Relations:
Website: https://ir.helport.ai
Email: ir@helport.ai
External Investor Relations Contact:
Chris Tyson
Executive Vice President
MZ North America
Direct: 949-491-8235
HPAI@mzgroup.us
www.mzgroup.us
| HELPORT AI LIMITED CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in and U.S. dollars (“US$”), except share data) | |||||
| As of December 31, | As of June 30, | ||||
| 2024 | 2024 | ||||
| (unaudited) | |||||
| Cash | $ | 852,463 | $ | 2,581,086 | |
| Accounts receivable | 22,016,884 | 21,313,735 | |||
| Deferred offering costs | - | 817,871 | |||
| Prepaid expenses and other receivables | 2,027,167 | 41,966 | |||
| Total current assets | 24,896,514 | 24,754,658 | |||
| Intangible assets, net | 8,592,817 | 2,425,694 | |||
| Right-of-use assets, net | 762,644 | - | |||
| Total non-current asset | 9,355,461 | 2,425,694 | |||
| Total assets | $ | 34,251,975 | $ | 27,180,352 | |
| Accounts payable | $ | 3,280,565 | $ | 284,067 | |
| Income tax payable | 2,508,021 | 2,724,998 | |||
| Amount due to related parties | 536,538 | 965,776 | |||
| Convertible promissory notes | - | 4,889,074 | |||
| Warrant liabilities | 4,782,915 | - | |||
| Accrued expenses and other liabilities | 5,684,775 | 5,263,239 | |||
| Lease liabilities, current | 110,832 | - | |||
| Deferred tax liabilities | 332,626 | - | |||
| Total current liabilities | 17,236,272 | 14,127,154 | |||
| Lease liabilities, non-current | 687,093 | - | |||
| Total non-current liabilities | 687,093 | - | |||
| Total liabilities | 17,923,365 | 14,127,154 | |||
| Commitments and contingencies | |||||
| Ordinary shares (US | 3,713 | 3,028 | |||
| Additional paid-in capital* | 2,212,361 | 4,528 | |||
| Retained earnings | 14,112,536 | 13,045,642 | |||
| Shareholders’ equity | 16,328,610 | 13,053,198 | |||
| Total liabilities and shareholders’ equity | $ | 34,251,975 | $ | 27,180,352 | |
| *Par value of ordinary shares, additional paid-in capital and share data have been retroactively restated to give effect to the reverse recapitalization that is discussed in Note 1 to the unaudited condensed consolidated financial statements. | |||||
| HELPORT AI LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Amounts in and U.S. dollars (“US$”), except share data) | |||||||
| For the six months ended December 31, | |||||||
| 2024 | 2023 | ||||||
| (unaudited) | (unaudited) | ||||||
| Revenue | $ | 16,406,402 | $ | 14,506,363 | |||
| Cost of revenue | (7,440,338 | ) | (4,793,021 | ) | |||
| Gross profit | 8,966,064 | 9,713,342 | |||||
| Selling expenses | (528,746 | ) | (50,214 | ) | |||
| General and administrative expenses | (4,598,484 | ) | (2,042,289 | ) | |||
| Research and development expenses | (1,448,115 | ) | (78,757 | ) | |||
| Total operating expenses | (6,575,345 | ) | (2,171,260 | ) | |||
| Income from operation | 2,390,719 | 7,542,082 | |||||
| Financial expenses, net | (312,437 | ) | (19,162 | ) | |||
| Change in fair value of warrant liabilities | (336,136 | ) | - | ||||
| Income before income tax expense | 1,742,146 | 7,522,920 | |||||
| Income tax expense | (675,252 | ) | (1,279,314 | ) | |||
| Net income | $ | 1,066,894 | $ | 6,243,606 | |||
| Total comprehensive income | $ | 1,066,894 | $ | 6,243,606 | |||
| Earnings per ordinary share | |||||||
| Basic | 0.03 | 0.21 | |||||
| Diluted | 0.03 | 0.21 | |||||
| Weighted average number of ordinary shares outstanding* | |||||||
| Basic | 35,990,935 | 30,280,768 | |||||
| Diluted | 35,990,935 | 30,280,768 | |||||
| *Share data have been retroactively restated to give effect to the reverse recapitalization that is discussed in Note 1 to the unaudited condensed consolidated financial statements. | |||||||
| HELPORT AI LIMITED UNAUDITED CONDENSED CONDOLIDATED STATEMENTS OF CASH FLOWS (Amounts in and U.S. dollars (“US$”), except share data) | |||||||
| For the six months ended December 31, | |||||||
| 2024 | 2023 | ||||||
| (unaudited) | (unaudited) | ||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||
| Net income | $ | 1,066,894 | $ | 6,243,606 | |||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||
| Amortization of intangible assets | 1,957,877 | 1,166,667 | |||||
| Amortization of right-of-use assets | 36,806 | - | |||||
| Share-based compensation | 223,933 | - | |||||
| Change in fair value of warrant liabilities | 336,136 | - | |||||
| Changes in operating assets and liabilities: | |||||||
| Accounts receivable | (703,149 | ) | (5,809,454 | ) | |||
| Prepaid expenses and other receivables | 1,028,346 | (57,896 | ) | ||||
| Accounts payable | 2,996,498 | 1,654,223 | |||||
| Amount due to related parties | - | 10,800 | |||||
| Accrued expenses and other liabilities | (3,196,882 | ) | 1,939,154 | ||||
| Income tax payable | (216,977 | ) | 1,279,315 | ||||
| Deferred tax liabilities | 332,626 | - | |||||
| Lease liabilities | (10,810 | ) | - | ||||
| Net cash provided by operating activities | 3,851,298 | 6,426,415 | |||||
| CASH FLOWS FORM INVESTING ACTIVITY | |||||||
| Purchase of intangible assets | (8,125,000 | ) | (7,000,000 | ) | |||
| Net cash used in investing activity | (8,125,000 | ) | (7,000,000 | ) | |||
| CASH FLOWS FORM FINANCING ACTIVITIES | |||||||
| Deferred offering costs | (213,052 | ) | (467,465 | ) | |||
| Loan from a third party | - | 954,909 | |||||
| Repayment of loans from a third party | (199,582 | ) | - | ||||
| Repayment of loans from related parties | (429,238 | ) | (5,143 | ) | |||
| Cash inflow from reverse recapitalization | 1,136,951 | - | |||||
| Proceeds from PIPE investments | 2,600,000 | - | |||||
| Repayment of sponsor loans | (350,000 | ) | - | ||||
| Net cash provided by financing activities | 2,545,079 | 482,301 | |||||
| Effect of exchange rate changes | - | (130 | ) | ||||
| Net change in cash | (1,728,623 | ) | (91,414 | ) | |||
| Cash at the beginning of the period | 2,581,086 | 142,401 | |||||
| Cash at the end of the period | $ | 852,463 | $ | 50,987 | |||
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||||||
| Recognition of right-of use assets and lease liabilities | $ | 799,450 | $ | - | |||
FAQ
What was Helport AI's (HPAI) revenue growth in H1 FY2025?
How many monthly subscribed seats did HPAI have as of December 2024?
What caused the decline in Helport AI's (HPAI) net income for H1 FY2025?
What strategic partnerships did Helport AI (HPAI) secure in late 2024?
