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Nisun Pre-Announces $192.5 Million in Record Revenue for H1 2024, Showing 52% Year-Over-Year Growth

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Nisun International (Nasdaq: NISN) pre-announces record revenue of $192.5 million for H1 2024, representing a 52% increase compared to $126.9 million in the same period last year. The company expects to report earnings per share (EPS) of approximately $2.61 for H1 2024.

These selected unaudited financial results are subject to changes upon completion of standard year-end closing procedures. Nisun International, a technology and industry-driven integrated supply chain solutions provider, states it is well-capitalized, profitable, and has no plans to raise capital. The company will release full unaudited financial results for H1 2024 by October 15, 2024, and will host a conference call to discuss these results, with details to be announced separately.

Nisun International (Nasdaq: NISN) preannuncia ricavi record di 192,5 milioni di dollari per il primo semestre del 2024, registrando un aumento del 52% rispetto ai 126,9 milioni di dollari dello stesso periodo dell'anno scorso. La società prevede di riportare un utile per azione (EPS) di circa 2,61 dollari per il primo semestre del 2024.

Questi risultati finanziari selezionati e non verificati sono soggetti a modifiche al termine delle normali procedure di chiusura di fine anno. Nisun International, fornitore di soluzioni integrate per la catena di approvvigionamento, orientato alla tecnologia e all'industria, afferma di avere una solida posizione finanziaria, di essere redditizia e di non avere intenzione di raccogliere capitali. La società rilascerà i risultati finanziari completi e non verificati per il primo semestre del 2024 entro il 15 ottobre 2024 e ospiterà una conferenza telefonica per discutere di questi risultati, i dettagli saranno annunciati separatamente.

Nisun International (Nasdaq: NISN) preanuncia ingresos récord de 192.5 millones de dólares para el primer semestre de 2024, lo que representa un aumento del 52% en comparación con los 126.9 millones de dólares del mismo período del año pasado. Se espera que la compañía informe ganancias por acción (EPS) de aproximadamente 2.61 dólares para el primer semestre de 2024.

Estos resultados financieros seleccionados no auditados están sujetos a cambios tras la finalización de los procedimientos estándar de cierre de año. Nisun International, un proveedor de soluciones integradas de cadena de suministro impulsado por la tecnología y la industria, afirma que está bien capitalizada, es rentable y no tiene planes de recaudar capital. La compañía publicará los resultados financieros completos no auditados para el primer semestre de 2024 antes del 15 de octubre de 2024, y llevará a cabo una conferencia telefónica para discutir estos resultados, cuyos detalles se anunciarán por separado.

Nisun International (Nasdaq: NISN)는 2024년 상반기에 대해 1억 9,250만 달러의 기록적인 수익을 미리 발표했으며, 이는 지난해 같은 기간의 1억 2,690만 달러에 비해 52% 증가한 수치입니다. 회사는 2024년 상반기의 주당 순이익 (EPS)이 약 2.61 달러가 될 것으로 예상합니다.

이 선정된 비공식 재무 결과는 연말 정산 절차 완료 후 변경될 수 있습니다. 기술 및 산업 중심의 통합 공급망 솔루션 제공업체인 Nisun International은 자본이 충분하고 수익성이 있으며 자본 조달 계획이 없다고 밝혔습니다. 회사는 2024년 상반기의 전체 비공식 재무 결과를 2024년 10월 15일까지 발표할 예정이며, 이 결과에 대해 논의하기 위한 컨퍼런스 콜을 주최할 것이며, 세부 사항은 별도로 발표될 것입니다.

Nisun International (Nasdaq: NISN) préannonce un chiffre d'affaires record de 192,5 millions de dollars pour le premier semestre 2024, représentant une augmentation de 52% par rapport à 126,9 millions de dollars pour la même période l'année dernière. La société s'attend à un bénéfice par action (EPS) d'environ 2,61 dollars pour le premier semestre 2024.

Ces résultats financiers sélectionnés et non vérifiés sont susceptibles d'être modifiés après l'achèvement des procédures standard de clôture de fin d'année. Nisun International, fournisseur de solutions intégrées pour la chaîne d'approvisionnement axé sur la technologie et l'industrie, affirme être bien capitalisée, rentable et n'avoir pas l'intention de lever des capitaux. La société publiera les résultats financiers complets non vérifiés pour le premier semestre 2024 d'ici le 15 octobre 2024 et tiendra une conférence téléphonique pour discuter de ces résultats, dont les détails seront annoncés séparément.

Nisun International (Nasdaq: NISN) gibt vorläufige Rekordumsätze von 192,5 Millionen US-Dollar für das erste Halbjahr 2024 bekannt, was einem 52%igen Anstieg im Vergleich zu 126,9 Millionen US-Dollar im gleichen Zeitraum des Vorjahres entspricht. Das Unternehmen erwartet für das erste Halbjahr 2024 einen Gewinn pro Aktie (EPS) von ungefähr 2,61 US-Dollar.

Diese ausgewählten ungeprüften finanziellen Ergebnisse können sich nach Abschluss der üblichen Jahresabschlussverfahren ändern. Nisun International, ein technologie- und industriegetriebenes Unternehmen für integrierte Lieferkettenlösungen, erklärt, dass es gut kapitalisiert, profitabel und nicht vor hat, Kapital zu beschaffen. Das Unternehmen wird die vollständigen ungeprüften finanziellen Ergebnisse für das erste Halbjahr 2024 bis zum 15. Oktober 2024 veröffentlichen und eine Telefonkonferenz abhalten, um diese Ergebnisse zu besprechen, die Details werden separat bekannt gegeben.

Positive
  • Record revenue of $192.5 million for H1 2024, a 52% year-over-year increase
  • Expected earnings per share (EPS) of $2.61 for H1 2024
  • Company is well-capitalized and profitable
  • No plans to raise capital, indicating financial stability
Negative
  • None.

Insights

The pre-announced financial results for Nisun International are remarkably strong, showing significant growth and profitability. The 52% year-over-year revenue increase to $192.5 million for H1 2024 is impressive, especially in the current economic climate. This substantial growth suggests the company's integrated supply chain solutions are gaining traction in the market.

The projected EPS of $2.61 for H1 2024 indicates strong profitability, which is important for investor confidence. The company's statement about being well-capitalized with no plans to raise capital is also positive, as it suggests financial stability and reduces the risk of share dilution.

However, investors should note that these are preliminary results subject to change. The full unaudited financial results, expected by October 15, will provide a more comprehensive picture of the company's financial health, including cash flow, debt levels and operational efficiency metrics.

Given the strong revenue growth and profitability, along with the company's Nasdaq listing, this news could potentially attract more investor attention to NISN, possibly leading to increased trading volume and share price appreciation in the short term.

Well capitalized and profitable, the Company has no plans to raise capital

SHANGHAI, Oct. 9, 2024 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd ("Nisun International" or the "Company") (Nasdaq: NISN), a technology and industry driven integrated supply chain solutions provider, announced today that it expects to report record revenue for the first half of 2024 of approximately $192.5 million, representing a 52% increase compared to $126.9 million for the same period last year. The Company also expects to report earnings per share (EPS) for the first half of 2024 of approximately $2.61.

The selected unaudited financial results for the first six months of 2024 are based on information available to management as of the date of this release and are subject to further changes upon completion of the Company's standard year-end closing procedures. The selected financial results do not present all necessary information for an understanding of Nisun International's financial condition as of the date of this release or its results of operations for the period discussed. It is possible that the Company may subsequently identify items that require it to make adjustments to the preliminary financial information set forth above and those changes could be material. As a result, the selected financial results are subject to risks and uncertainties and are not guarantees of future performance and may differ from actual results.

The Company will release its full unaudited financial results for the first half of 2024 by October 15, 2024, and will host a conference call to discuss these results. Details for the conference call will be announced in a separate press release.

Details of the conference call, including dial-in information, will be announced in the coming days.

About Nisun International Enterprise Development Group Co., Ltd

Nisun International Enterprise Development Group Co., Ltd. (NASDAQ: NISN) is a technology-driven, integrated supply chain solutions provider focused on transforming the corporate finance industry. Leveraging its industry experience, Nisun International is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and financial institutions. Through its subsidiaries, Nisun International provides users with professional solutions for technology supply chain management, technology asset routing, and digital transformation of tech and finance institutions, enabling the industry to strengthen and grow. At the same time, Nisun International continues to deepen the field of industry segmentation through industrial and financial integration. Focusing on industry-finance linkages, Nisun International aims to serve the upstream and downstream of the industrial supply chain while also assisting with supply-side sub-sector reform. For more information, please visit http://ir.nisun-international.com/

Cautionary Note Regarding Forward-Looking Statements

This press release contains information about Nisun International 's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Nisun encourages you to review other factors that may affect its future results in Nisun's registration statement and in its other filings with the Securities and Exchange Commission. Nisun assumes no obligation to update or revise its forward-looking statements as a result of new information, future events or otherwise, except as expressly required by applicable law.

Contacts

Nisun International Enterprise Development Group Co., Ltd
Investor Relations
Tel: +86 (21) 2357-0055
Email: ir@cnisun.com 

Cision View original content:https://www.prnewswire.com/news-releases/nisun-pre-announces-192-5-million-in-record-revenue-for-h1-2024--showing-52-year-over-year-growth-302271140.html

SOURCE Nisun International Enterprise Development Group Co., Ltd

FAQ

What is Nisun International's expected revenue for H1 2024?

Nisun International (NISN) expects to report record revenue of approximately $192.5 million for the first half of 2024.

How much did Nisun International's revenue grow year-over-year in H1 2024?

Nisun International's revenue for H1 2024 represents a 52% increase compared to $126.9 million for the same period last year.

What is the expected earnings per share (EPS) for Nisun International in H1 2024?

Nisun International expects to report earnings per share (EPS) of approximately $2.61 for the first half of 2024.

When will Nisun International release its full unaudited financial results for H1 2024?

Nisun International will release its full unaudited financial results for the first half of 2024 by October 15, 2024.

NiSun International Enterprise Development Group Co., Ltd.

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