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LOBO Reports Record Shipments in September, with Overseas Sales Volume Up 108% and Revenue Surging 254% Year-Over-Year

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LOBO EV Technologies (Nasdaq: LOBO) reported record shipments in September 2024, with overseas sales volume up 108% and revenue surging 254% year-over-year. The company delivered approximately 2,800 e-bikes and 700 tricycles, driven by successful new product introductions and an expanding overseas customer base. Revenue from overseas customers reached $0.8 million, highlighting LOBO's growing global reach.

CEO Huajian Xu expressed confidence in the continued positive trend, attributing the growth to the strength of their new product line and team dedication. LOBO's strategic focus on scaling supply chain capabilities has enabled more effective service to its growing international customer base.

LOBO EV Technologies (Nasdaq: LOBO) ha riportato quantità record di spedizioni a settembre 2024, con un aumento del volume di vendite all'estero del 108% e un incremento del fatturato del 254% rispetto all'anno precedente. L'azienda ha consegnato circa 2.800 e-bike e 700 tricicli, grazie a un'introduzione di nuovi prodotti di successo e a una base di clienti internazionali in espansione. Il fatturato proveniente da clienti esteri ha raggiunto 0,8 milioni di dollari, evidenziando la crescente portata globale di LOBO.

Il CEO Huajian Xu ha espresso fiducia nel proseguimento di questa tendenza positiva, attribuendo la crescita alla forza della loro nuova linea di prodotti e alla dedizione del team. Il focus strategico di LOBO sull'espansione delle capacità della catena di approvvigionamento ha consentito un servizio più efficace alla sua crescente clientela internazionale.

LOBO EV Technologies (Nasdaq: LOBO) reportó un envío récord en septiembre de 2024, con un aumento del volumen de ventas en el extranjero del 108% y un aumento de ingresos del 254% en comparación con el año anterior. La compañía entregó aproximadamente 2,800 bicicletas eléctricas y 700 triciclos, impulsada por exitosas introducciones de nuevos productos y una base de clientes en el extranjero en expansión. Los ingresos de clientes internacionales alcanzaron $0.8 millones, destacando el creciente alcance global de LOBO.

El CEO Huajian Xu expresó confianza en la continua tendencia positiva, atribuyendo el crecimiento a la solidez de su nueva línea de productos y la dedicación del equipo. El enfoque estratégico de LOBO en escalar las capacidades de la cadena de suministro ha permitido un servicio más efectivo a su creciente base de clientes internacionales.

LOBO EV Technologies (Nasdaq: LOBO)는 2024년 9월에 기록적인 출하량을 보고했으며, 해외 판매량이 108% 증가하고 수익이 전년 대비 254% 급증했습니다. 이 회사는 성공적인 신제품 출시와 해외 고객 기반의 확장 덕분에 약 2,800대의 전기 자전거와 700대의 삼륜차를 배송했습니다. 해외 고객으로부터의 수익은 $0.8백만에 달하며, LOBO의 성장하는 글로벌 영향을 강조합니다.

CEO 화지안 쉬는 긍정적인 추세가 계속될 것이라며 새로운 제품 라인의 강점과 팀의 헌신 덕분이라고 전했습니다. LOBO의 공급망 능력 확장에 대한 전략적 초점은 성장하는 국제 고객 기반에 대한 보다 효과적인 서비스를 가능하게 했습니다.

LOBO EV Technologies (Nasdaq: LOBO) a signalé des expéditions record en septembre 2024, avec une augmentation de 108% du volume des ventes à l'étranger et un chiffre d'affaires en hausse de 254% par rapport à l'année précédente. L'entreprise a livré environ 2 800 vélos électriques et 700 tricycles, grâce à des lancements de nouveaux produits réussis et à une clientèle internationale en expansion. Le chiffre d'affaires provenant des clients étrangers a atteint 800 000 dollars, soulignant l'extension croissante de la portée mondiale de LOBO.

Le PDG Huajian Xu a exprimé sa confiance dans la poursuite de cette tendance positive, attribuant la croissance à la force de leur nouvelle gamme de produits et à la dévotion de l'équipe. L'accent stratégique de LOBO sur l'extension des capacités de la chaîne d'approvisionnement a permis un service plus efficace à sa clientèle internationale croissante.

LOBO EV Technologies (Nasdaq: LOBO) berichtete von Rekordlieferungen im September 2024, mit einem Anstieg des Auslandsverkaufsvolumens um 108% und einem Umsatzanstieg von 254% im Vergleich zum Vorjahr. Das Unternehmen lieferte etwa 2.800 E-Bikes und 700 Dreiräder, was auf erfolgreiche neue Produkteinführungen und eine wachsende internationale Kundenbasis zurückzuführen ist. Der Umsatz aus dem Ausland erreichte 0,8 Millionen Dollar, was die wachsende globale Reichweite von LOBO unterstreicht.

CEO Huajian Xu äußerte Vertrauen in den anhaltend positiven Trend und führte das Wachstum auf die Stärke ihrer neuen Produktlinie und die Hingabe des Teams zurück. LOBOs strategischer Fokus auf die Skalierung der Lieferkettenfähigkeiten hat es ermöglicht, seiner wachsenden internationalen Kundenbasis effektiver zu dienen.

Positive
  • Record shipments in September 2024 with 108% increase in overseas sales volume
  • 254% year-over-year surge in revenue from overseas customers, reaching $0.8 million
  • Successful introduction of new products contributing to increased demand
  • Expanding overseas customer base
  • Improved supply chain capabilities to serve growing international markets
Negative
  • None.

Insights

The reported record shipments and revenue growth for LOBO in September 2024 are significant indicators of the company's expanding market presence and operational efficiency. The 108% year-over-year increase in delivery volume, with 2,800 e-bikes and 700 tricycles sold, demonstrates strong product demand and improved production capabilities. More impressive is the 254% surge in overseas revenue to $0.8 million, highlighting successful international market penetration.

For a company with a market cap of $20.86 million, this growth is substantial. The revenue increase from international sales alone represents nearly 4% of the company's market value in just one month. This rapid expansion suggests potential for significant market cap growth if the trend continues.

However, investors should note that while percentage increases are high, the absolute revenue figures are still relatively modest. The company's ability to maintain this growth rate and translate it into consistent profitability will be important for long-term success. The focus on supply chain scaling is a positive sign for sustaining this growth trajectory.

LOBO's performance in September 2024 indicates a strong market positioning in the electric vehicle (EV) micro-mobility sector. The substantial growth in both domestic and international markets suggests increasing consumer adoption of e-bikes and e-tricycles, aligning with global trends towards sustainable transportation.

The 108% increase in delivery volume points to effective product development and marketing strategies. The introduction of new products has clearly resonated with consumers, particularly in overseas markets. This diversification of the product line and geographical expansion reduces risk and opens up new revenue streams.

The 254% surge in overseas revenue is particularly noteworthy, as it demonstrates LOBO's ability to compete in international markets. This could be a game-changer for the company, potentially leading to a revaluation of its market position and future growth prospects. However, it's important to monitor whether this growth is sustainable or if it's a result of pent-up demand or one-time factors.

WUXI, China, Oct. 15, 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 that the company completed a record number of shipments in September 2024, driven by the successful introduction of new products and an expanding overseas customer base.

The volume of deliveries in September 2024 increased approximately 108% compared to September 2023, with about 2,800 units of e-bikes and 700 units of tricycles sold. The strong demand for LOBO's latest products, combined with expanding overseas customer base, has contributed to this achievement.

Revenue generated from overseas customers surged 254% in September 2024 to approximately $0.8 million. The significant revenue growth of this segment compared to September 2023 highlights the Company's expanding global reach and successful efforts to meet international demand. LOBO's strategic focus on scaling its supply chain capabilities has enabled the company to serve its growing customer base more effectively across key international markets.

"We are thrilled with the record-breaking order shipments and the substantial increase in revenues generated from overseas during September," said Huajian Xu, CEO of LOBO. "This growth is a testament to the strength of our new product line and the dedication of our team. We remain confident that this positive trend will continue throughout the remainder of the year as we continue to meet our customers’ needs around the world."

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://www.loboebike.com and 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

What was LOBO's overseas sales volume increase in September 2024?

LOBO reported a 108% increase in overseas sales volume in September 2024 compared to September 2023.

How much did LOBO's overseas revenue grow in September 2024?

LOBO's revenue from overseas customers surged 254% in September 2024, reaching approximately $0.8 million.

How many e-bikes and tricycles did LOBO deliver in September 2024?

LOBO delivered approximately 2,800 e-bikes and 700 tricycles in September 2024.

What factors contributed to LOBO's record shipments in September 2024?

LOBO's record shipments were driven by successful introduction of new products, an expanding overseas customer base, and improved supply chain capabilities.

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