Welcome to our dedicated page for HomesToLife news (Ticker: HTLM), a resource for investors and traders seeking the latest updates and insights on HomesToLife stock.
HomesToLife Ltd reports developments for a global home furniture business built around export sales, leather trading, and consumer retail operations. The company supplies upholstered furniture to retail partners, procures leather materials for sofa manufacturing, and operates direct retail activities in Singapore and Korea. Its updates commonly cover sales across Asia-Pacific, Europe, and North America, sourcing and distribution supported by manufacturing networks in China, Vietnam, and India, and the integration of HTL Marketing into design, product development, merchandising, and B2B procurement.
Recurring news for HomesToLife also includes operating results, export revenue trends, gross margin and freight-cost effects, dividend actions, acquisitions, subsidiary activity, and board or finance leadership changes.
HomesToLife (NASDAQ: HTLM), a leading Singapore-based home furniture retail chain, has scheduled the release of its financial results for the fiscal year ended December 31, 2024. The results will be announced on Monday, April 7, 2025, before market opening.
The company will host a conference call to discuss these results on Friday, April 11, 2025, at 8:30 a.m. ET. Participants can join via US toll-free (1-877-269-7751) or international (1-201-389-0908) numbers. A replay will be available from April 11 at 11:30 a.m. ET through April 18 at 11:59 PM ET.
HomesToLife (HTLM) announced that its subsidiary, HTL Far East, established in October 2024, received sales orders exceeding US$1.5 million in January 2025. The company projects HTL Far East will generate revenue of US$12.0-14.0 million in 2025.
HomesToLife's total revenue for 2025 is expected to range from US$16.0-18.0 million, representing over 300% increase from projected 2024 figures. For comparison, the company's revenue in the first half of 2024, before HTL Far East's formation, was US$1.99 million.
HTL Far East focuses on sourcing, distributing, and delivering premium furniture and related products across the Asia-Pacific region, serving both consumer and business sectors.
HomesToLife (HTLM) reported financial results for H1 2024, showing a 21% decrease in net revenue to $1.99M compared to $2.53M in H1 2023. The company experienced a decline in gross profit margin to 66.1% from 68.8%, mainly due to increased freight costs. Operating expenses rose by 8.2% to $138,473, primarily due to IPO-related audit fees. The company reported a net loss of $452,438 ($0.03 per share) compared to net income of $74,986 ($0.01 per share) in H1 2023. Cash position decreased to $544,294 from $1.37M at end-2023. The decline was attributed to rising inflation and global economic slowdown affecting Singapore's furniture market.
HomesToLife (NASDAQ: HTLM) has successfully closed its initial public offering (IPO) of 1,437,500 ordinary shares at $4.00 per share, raising $5.75 million in gross proceeds. This includes the full exercise of the underwriter's option to purchase an additional 187,500 shares. Trading of HTLM shares on the NASDAQ Stock Market commenced on October 1, 2024.
US Tiger Securities, Inc. served as the sole Book-Running manager for the offering. The IPO was conducted under the Company's Registration Statement on Form F-1 (File No. 333-281693), which was declared effective by the SEC on September 30, 2024. Interested parties can access the prospectus through the SEC website or by contacting Tiger Securities directly.
HomesToLife (HTLM) has announced the pricing of its initial public offering (IPO) of 1,250,000 ordinary shares at $4.00 per share. The company expects to raise $5 million in gross proceeds, before deducting underwriting costs and expenses. HTLM has also granted underwriters a 45-day option to purchase up to an additional 187,500 shares at the IPO price.
Shares are set to begin trading on the Nasdaq Capital Market under the ticker symbol 'HTLM' on October 1, 2024, with the offering expected to close on October 2, 2024. US Tiger Securities, Inc. is serving as the sole book-running manager for the IPO. The offering is being conducted pursuant to HTLM's Registration Statement on Form F-1, which was declared effective by the SEC on September 30, 2024.