Luda Technology Group Limited Form 6-K Filing Summary
Luda Technology Group Limited filed a Form 6-K report for December 2025, presenting unaudited condensed consolidated financial statements as of June 30, 2025, and for the six-month periods ended June 30, 2025, and 2024. The company reported a decrease in revenue from $24.9 million in 1H2024 to $17.1 million in 1H2025, primarily due to a decline in sales from its PRC Manufacturing segment. Gross profit significantly decreased by 79.4% from $7.0 million to $1.4 million, with the gross profit margin dropping from 28.2% to 8.4%. Operating expenses also decreased, largely due to reduced selling expenses and a lower allowance for expected credit loss. Other income increased due to changes in the fair value of investment in equity securities. Consequently, the company reported a net loss of $0.4 million for 1H2025, a reversal from a net income of $1.0 million in 1H2024. The net profit margin shifted from 3.8% to -2.5%. The report also includes a discussion of the company's operating segments, Hong Kong Trading and PRC Manufacturing, and forward-looking statements regarding potential risks and uncertainties.