Summary by Moomoo AI
Lionstone Holdings reported a revenue of 0.1019 billion Singapore dollars for the fiscal year 2024, a decrease of 19.5% year-on-year, mainly due to a strategic shift towards a more profitable D2B Business model. The gross margin increased by 5.7 percentage points to 30.8%, and adjusted EBITDA loss narrowed from 9.2 million Singapore dollars in 2023 to 3.9 million Singapore dollars. The net loss for the year widened to 0.2698 billion Singapore dollars, primarily affected by expenses related to the merger transaction of a special purpose acquisition company and non-cash fair value losses on financial liabilities.The company successfully listed on the Main Board of the Hong Kong Stock Exchange on October 30, 2024, marking Hong Kong's first merger transaction involving a special purpose acquisition company. D2B Business revenue grew...Show More
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