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BrilliA Inc. reports developments as a NYSE American-listed provider of sourcing, design, prototyping, supply-chain, logistics and quality-control services for ladies' intimate apparel brands. Its updates center on brassieres, tops, panties, swimsuits, dresses, bodysuits and related apparel programs sold across North America, Europe, Asia Pacific and other regions.
Recurring news themes include fiscal and interim results, product and geographic mix, tariff and trade effects on apparel sourcing, cash dividends on Class A shares, and asset-light collaborations through subsidiaries such as Bra Pro Limited and PT Mirae Asia Pasifik. Company releases also cover manufacturing partnerships in Southeast Asia, athleisure expansion in Japan, the DIANA lingerie brand, exchange-listing visibility and annual report filings.
BrilliA Inc (NYSE American: BRIA) reported financial results for the six months ended September 30, 2024. The company achieved revenue of $27.4 million, marking a 17% increase from $23.5 million in the same period of 2023. Net income remained stable at $1.13 million, or $0.06 per share.
Key performance highlights include:
- 38% increase in North American export sales ($6.5 million)
- 56% decline in European export sales ($3.1 million)
- Gross profit margin improvement to 15.4% from 14.8%
- Operating expenses rose 27% ($0.6 million)
The company's cash position stood at $5.9 million as of September 30, 2024, compared to $6.4 million in March 2024. Management expects continued strong North American sales and anticipates growth in European markets through a new partnership with French luxury brand Maison Lejaby, while their DIANA lingerie brand is expected to contribute to ASEAN market revenue later this year.
BrilliA Inc (BRIA) has announced two significant developments: a cooperation framework with French luxury lingerie brand Maison Lejaby and plans to introduce its in-house DIANA brand in Europe. The Maison Lejaby partnership, through subsidiary Bra Pro , involves supplying intimate apparel products with an anticipated value up to €10 million. The agreement covers bras, panties, bodysuits, sleepwear, and swimwear.
Maison Lejaby currently operates in France, Spain, Italy, the UK, Israel, and Russia, with plans to expand globally within three years. Additionally, BRIA will launch its premium luxury DIANA brand in Europe by 2027. Both opportunities were secured during the Salon International De La Lingerie and Interfilière Paris trade show in January 2025.
BrilliA Inc (BRIA) has successfully completed its initial public offering, raising $10 million in gross proceeds through the sale of 2,500,000 Class A Ordinary Shares at $4.00 per share. Trading began on the NYSE American stock exchange on November 27, 2024, under ticker symbol 'BRIA'. The underwriters have a 45-day option to purchase up to 375,000 additional shares. The company plans to use the proceeds for digital marketing platform development, R&D, B2B business expansion, and working capital. A.G.P./Alliance Global Partners served as the sole Book-Running manager for this firm commitment offering.
BrilliA Inc (BRIA) has announced the pricing of its initial public offering, offering 2,500,000 Class A Ordinary Shares at $4.00 per share. The company expects to raise approximately $10 million in gross proceeds before deducting underwriting costs. BRIA has granted underwriters a 45-day option to purchase up to 375,000 additional shares. Trading is set to commence on NYSE American under ticker BRIA on November 27, 2024, with the offering expected to close on November 29, 2024. A.G.P./Alliance Global Partners is serving as the sole Book-Running manager for this firm commitment offering.