DIH Holdings Reports Strong Growth in First Quarter 2025
DIH Holdings Reports Strong Growth in First Quarter 2025
NORWELL, Mass. — DIH Holding US, Inc. ("DIH") (NASDAQ: DHAI), a leading provider of advanced robotic devices for physical rehabilitation, specializing in innovative solutions that incorporate visual stimulation for enhanced rehabilitation, has announced their financial results for the first quarter of fiscal 2025, which ended June 30, 2024.
Recent Highlights
DIH's recent quarterly performance included significant growth, marking a revenue of $16.2 million, which represents a 24% increase compared to the same period last year. The device revenue accounted for $12.3 million, reflecting an 18% rise, while service revenue surged by 49% to $3.5 million. Notably, both the EMEA and Americas regions experienced substantial growth, achieving a 54% increase year-over-year.
Financial Performance Overview
The overall quarterly revenue marks an increase of $3.1 million from the previous year's $13 million. This growth is driven primarily by a rise in device sales, particularly in the EMEA region, which saw an increase of $1.8 million (17.6% year over year).
Services revenue increased by $1.2 million or 49.1% compared to the prior year. Foreign currency translation had a minor impact, resulting in a decrease of approximately $0.1 million for this quarter.
Gross profit for the first quarter of fiscal 2025 was $8.7 million, a remarkable 60.6% improvement from the previous year, attributed to higher sales in the EMEA region. Cost-efficiency measures have improved the cost of sales and these positive financial metrics indicate a strong recovery and growth potential moving forward.
Management Comments
“We are very pleased with the Company’s performance in the first quarter of Fiscal Year 2025, showing significant progress over the same quarter last year,” said Jason Chen, Chairman and CEO of DIH. “Our strategic market expansions in EMEA and the Americas, both achieving 54% growth, exemplify our commitment to enhancing our product and service offerings.”
Outlook for Fiscal Year 2025
Looking forward, DIH maintains its projected revenue range for the full year of 2025 between $74 million and $77 million, translating to anticipated growth of approximately 15% to 20% over fiscal year 2024.
About DIH Holding US, Inc.
DIH stands for the vision to “Deliver Inspiration & Health” aimed at improving the daily lives of individuals with disabilities and functional impairments. Through their advanced robotic devices, DIH fosters intensive rehabilitation solutions that utilize state-of-the-art visual stimulation technologies. As a consolidator of a traditionally fragmented industry, DIH enhances rehabilitation processes through innovative solution offerings.
Contact Information
For further inquiries, please contact: Greg Chodaczek at 332-895-3230 or via email at Investor.relations@dih.com.
Frequently Asked Questions
1. What were the key financial highlights of DIH for Q1 2025?
The key highlights include a revenue of $16.2 million, a 24% growth year-over-year, with significant increases in device revenue by 18% and service revenue by 49%.
2. How did DIH perform in different geographical markets?
DIH achieved a substantial 54% growth in both the EMEA and Americas regions compared to the previous year, indicating strong market penetration and strategy effectiveness.
3. What are the expectations for DIH's revenue in the upcoming fiscal year?
DIH expects its full-year revenue for 2025 to range from $74 million to $77 million, reflecting a projected growth of approximately 15%-20% from 2024.
4. How did the net loss change compared to the previous year?
DIH reported a net loss of $0.6 million for the quarter, which signifies an improvement of $2.3 million from the same quarter last year.
5. Who is the CEO of DIH and what are their views on recent performance?
Jason Chen is the Chairman and CEO of DIH. He expressed satisfaction with the quarterly results and highlighted significant growth opportunities in the company's key markets.
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