Rhea-AI Summary
Bonso Electronics International (NASDAQ: BNSO) reported a net income of $0.40 million, translating to $0.09 basic EPS for the fiscal year ending March 31, 2020. Revenue grew by 31% to $13.1 million, primarily due to sales in pet electronic products. The company emphasized ongoing cost reduction and new product development amid COVID-19 challenges. Bonso has a robust balance sheet, with cash of $9.1 million and positive working capital of $5.7 million. The redevelopment of its Shenzhen factory site is anticipated to begin following regulatory approval.
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