DIH Holdings Reports Strong Growth in First Quarter 2025
NORWELL, Mass. — DIH Holding US, Inc. ("DIH") (NASDAQ: DHAI), a prominent provider of advanced robotic devices designed for physical rehabilitation, has shared its financial results for the first quarter of fiscal 2025, which concluded on June 30, 2024. The company is known for its innovative solutions that integrate visual stimulation to enhance rehabilitation outcomes.
Recent Highlights
In its latest quarterly report, DIH showcased impressive growth, achieving a revenue of $16.2 million. This figure marks a 24% increase compared to the same period last year. Device revenue reached $12.3 million, reflecting an 18% rise, while service revenue experienced a remarkable surge of 49%, totaling $3.5 million. Both the EMEA and Americas regions played a significant role in this success, each reporting a substantial 54% growth year-over-year.
Financial Performance Overview
The overall revenue for the quarter increased by $3.1 million from last year's total of $13 million. This growth primarily stems from a boost in device sales, particularly in the EMEA region, which saw an increase of $1.8 million, equating to a 17.6% rise year over year.
Additionally, services revenue rose by $1.2 million, or 49.1%, compared to the previous year. While foreign currency translation had a slight negative impact, resulting in a decrease of about $0.1 million for this quarter, the overall financial performance remains strong.
For the first quarter of fiscal 2025, DIH reported a gross profit of $8.7 million, marking an impressive 60.6% improvement from the previous year. This growth is largely attributed to increased sales in the EMEA region. Cost-efficiency measures have positively influenced the cost of sales, indicating a robust recovery and promising growth potential for the future.
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,” stated Jason Chen, Chairman and CEO of DIH. “Our strategic expansions in the EMEA and Americas regions, both achieving 54% growth, demonstrate our commitment to enhancing our product and service offerings.”
Outlook for Fiscal Year 2025
Looking ahead, DIH is maintaining its revenue projections for the full year of 2025, estimating a range between $74 million and $77 million. This outlook suggests anticipated growth of approximately 15% to 20% compared to fiscal year 2024.
About DIH Holding US, Inc.
DIH embodies the vision of “Delivering Inspiration & Health,” with a mission to improve the daily lives of individuals with disabilities and functional impairments. Through its advanced robotic devices, DIH offers intensive rehabilitation solutions that utilize cutting-edge visual stimulation technologies. As a consolidator in a traditionally fragmented industry, DIH enhances rehabilitation processes with its innovative offerings.
Contact Information
For further inquiries, please reach out to 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.
