LOBO Projects 80% Year-Over-Year Revenue Growth for 2024, Expects Margin Improvement in Second Half
LOBO EV Technologies (Nasdaq: LOBO), a designer and manufacturer of electric bicycles, mopeds, tricycles, and off-highway four-wheeled shuttles, has announced its revenue guidance for 2024. The company projects an 80% year-over-year revenue growth, driven by recent capacity expansion, new product launches, and entry into new markets.
CEO Huajian Xu expressed optimism about the company's revenue prospects, citing investments in expanded capabilities and a focus on innovation. LOBO expects improving margins in the second half of 2024 due to operational efficiencies from increased production capacity and higher economies of scale.
Key growth drivers include:
- Scaled-up production facilities to meet increasing demand
- Introduction of new products
- Expansion into new markets, particularly in Eastern Europe and Latin America
LOBO EV Technologies (Nasdaq: LOBO), progettista e produttore di biciclette elettriche, ciclomotori, tricicli e navette a quattro ruote per uso fuoristrada, ha annunciato le sue previsioni di fatturato per il 2024. L'azienda prevede una crescita del fatturato dell'80% anno su anno, sostenuta da un recente ampliamento della capacità, nuovi lanci di prodotti e ingresso in nuovi mercati.
Il CEO Huajian Xu ha espresso ottimismo riguardo alle prospettive di fatturato dell'azienda, citando investimenti in capacità espanse e un focus sull'innovazione. LOBO si aspetta un miglioramento dei margini nella seconda metà del 2024 grazie a efficienze operative derivanti dall'aumento della capacità produttiva e maggiori economie di scala.
I principali fattori di crescita includono:
- Aumento delle strutture produttive per soddisfare la crescente domanda
- Introduzione di nuovi prodotti
- Espansione in nuovi mercati, in particolare nell'Europa orientale e in America Latina
LOBO EV Technologies (Nasdaq: LOBO), diseñador y fabricante de bicicletas eléctricas, ciclomotores, triciclos y vehículos de cuatro ruedas para uso fuera de carretera, ha anunciado su guía de ingresos para 2024. La compañía proyecta un crecimiento de ingresos del 80% año tras año, impulsado por la reciente expansión de capacidad, lanzamientos de nuevos productos y entrada en nuevos mercados.
El CEO Huajian Xu expresó optimismo sobre las perspectivas de ingresos de la compañía, citando inversiones en capacidades ampliadas y un enfoque en la innovación. LOBO espera mejorar los márgenes en la segunda mitad de 2024 debido a las eficiencias operativas derivadas de un aumento en la capacidad de producción y mayores economías de escala.
Los principales impulsores de crecimiento incluyen:
- Aumento de las instalaciones de producción para satisfacer la creciente demanda
- Introducción de nuevos productos
- Expansión a nuevos mercados, particularmente en Europa del Este y América Latina
LOBO EV Technologies (Nasdaq: LOBO)는 전기 자전거, 모페드, 삼륜차 및 오프로드 4륜 셔틀을 설계하고 제조하는 회사로, 2024년 수익 전망을 발표했습니다. 이 회사는 최근의 생산 능력 확대, 신제품 출시, 새로운 시장 진출로 인해 전년 대비 80%의 수익 성장을 예상하고 있습니다.
CEO 후아지안 쉬는 회사의 수익 전망에 대한 낙관적 태도를 보이며, 확장된 능력과 혁신에 대한 집중 투자에 대해 언급했습니다. LOBO는 2024년 하반기에 수익성이 개선될 것으로 기대하고 있으며, 이는 생산 능력 증가와 규모의 경제로 인한 운영 효율성 덕분입니다.
주요 성장 요인은 다음과 같습니다:
- 증가하는 수요를 충족하기 위한 생산 시설 확대
- 신제품의 도입
- 특히 동유럽과 라틴 아메리카의 새로운 시장으로의 확장
LOBO EV Technologies (Nasdaq: LOBO), concepteur et fabricant de vélos électriques, de cyclomoteurs, de tricycles et de navettes à quatre roues tout terrain, a annoncé ses prévisions de revenus pour 2024. L'entreprise prévoit une croissance des revenus de 80% d'une année sur l'autre, soutenue par une récente expansion de capacité, de nouveaux lancements de produits et une entrée sur de nouveaux marchés.
Le PDG Huajian Xu a exprimé son optimisme quant aux perspectives de revenus de l'entreprise, citant des investissements dans des capacités élargies et un accent sur l'innovation. LOBO s'attend à une amélioration des marges au second semestre 2024 grâce à des gains d'efficacité opérationnelle dus à l'augmentation de la capacité de production et à des économies d'échelle.
Les principaux moteurs de croissance comprennent :
- Des installations de production agrandies pour répondre à la demande croissante
- Introduction de nouveaux produits
- Expansion sur de nouveaux marchés, notamment en Europe de l'Est et en Amérique latine
LOBO EV Technologies (Nasdaq: LOBO), ein Hersteller von Elektrofahrrädern, Mopeds, Dreirädern und Offroad-Viererrädern, hat seine Umsatzprognose für 2024 bekannt gegeben. Das Unternehmen rechnet mit einem Umsatzwachstum von 80% im Jahresvergleich, das durch eine kürzliche Kapazitätserweiterung, neue Produktveröffentlichungen und den Eintritt in neue Märkte unterstützt wird.
CEO Huajian Xu äußerte optimistische Überzeugungen über die Umsatzperspektiven des Unternehmens und nannte Investitionen in erweiterte Möglichkeiten sowie einen Fokus auf Innovation. LOBO erwartet eine Verbesserung der Gewinnmargen in der zweiten Hälfte von 2024 dank betrieblicher Effizienzen aus einer erhöhten Produktionskapazität und größeren Skaleneffekten.
Wichtige Wachstumstreiber sind:
- Erweiterte Produktionsanlagen zur Deckung der steigenden Nachfrage
- Einführung neuer Produkte
- Expansion in neue Märkte, insbesondere in Osteuropa und Lateinamerika
- Projected 80% year-over-year revenue growth for 2024
- Expected margin improvement in the second half of 2024
- Capacity expansion to accommodate increasing demand
- Introduction of new products contributing to revenue growth
- Entry into new markets in Eastern Europe and Latin America
- None.
WUXI, China, Oct. 07, 2024 (GLOBE NEWSWIRE) -- LOBO EV Technologies Ltd. (Nasdaq: LOBO) (“LOBO” or the “Company”), an innovative e-bicycle, e-moped, e-tricycle, and electric off-highway four-wheeled shuttle designer, developer, manufacturer and seller, today announced revenue guidance for the full year of 2024, projecting an
“We are optimistic about our revenue prospects for 2024,” said Huajian Xu, CEO of LOBO. “Our investments in expanding our capabilities and our focus on innovation put us in a strong position to meet evolving customer needs across the globe. We also expect improving margins in the second half of the year as we gain operational efficiencies from our expanded production capacity and higher economies of scale.”
Key Drivers of Projected Growth:
- Capacity Expansion: LOBO has scaled up its production facilities to accommodate increasing demand.
- Product Development: Introduction of new products expected to contribute significantly to revenue growth.
- Market Expansion: Entry into new markets, particularly in Eastern Europe and Latin America, creating opportunities with top-tier customers.
LOBO remains committed to executing its strategic initiatives to drive growth and enhance shareholder value. The company's focus on innovation, operational efficiencies, and market expansion underscores its dedication to meeting customer needs and staying ahead in a competitive landscape.
About LOBO EV Technologies Ltd.
LOBO is an innovative designer, developer, manufacturer and seller of e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles such as golf carts and mobility scooters for the elderly and disabled persons. LOBO also provides automobile information and entertainment software development and design services to customers. Leveraging its cutting-edge technologies in connectivity, multimedia interactive systems and artificial intelligence, LOBO re-defines and develops its products in order to provide users with convenient, affordable and pleasant driving experiences. For more information, visit: https://loboev.io/. Any information displayed on, or that can be accessed through, our website or any other website or any social media is not a part of this press release.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) as well as Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “will,” “should,” “would,” “could,” “seek,” “intend,” “plan,” “goal,” “project,” “estimate,” “anticipate,” “strategy,” “future,” “likely” or other comparable terms, although not all forward-looking statements contain these identifying words. All statements other than statements of historical facts included in this press release regarding the expected closing date of the public offering and the Company’s strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Important factors that could cause the Company’s actual results and financial condition to differ materially from those indicated in the forward-looking statements. Such forward-looking statements are subject to risk and uncertainties, including, but not limited to, those described in “Risk Factors,” “Operating and Financial Review and Prospects,” “Cautionary Note Regarding Forward-Looking Statements” in the Annual Report on Form 20-F filed with the SEC (File No. 333-270499) on April 30, 2024. LOBO undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events except as required by law. You should read this press release with the understanding that our actual future results may be materially different from what we expect.
Contact:
For more information, contact:
Zane Xu
IR Manager
ir@loboai.com
FAQ
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