ICZOOM Group Inc. Announces Unaudited Financial Results for First Half of Fiscal Year 2025

Rhea-AI Summary

ICZOOM Group (NASDAQ: IZM), a B2B electronic component e-commerce platform, reported positive financial results for H1 FY2025. The company achieved a 3.0% revenue growth to $90.34 million, up from $87.72 million in the same period last year. Notably, ICZOOM turned profitable with diluted EPS of $0.07, compared to a loss of $0.07 per share in the previous year. The company's growth was driven by increased SKUs, which grew 7.3% to 8,986 products, and a 15.1% rise in customer base to 122. Electronic components sales, representing 98.6% of total revenue, increased by 3.2% to $89.07 million. The company's performance aligns with China's expanding automotive electronics market, which reached approximately RMB 1.22 trillion ($171.83 billion) in 2024, showing a 10.95% year-over-year growth.

Positive

• Turned profitable with EPS of $0.07 compared to previous year's loss of $0.07
• Revenue increased by 3.0% to $90.34 million
• Customer base grew by 15.1% to 122 customers
• Total SKUs increased by 7.3% to 8,986 products
• Operating in China's growing automotive electronics market which showed 10.95% YoY growth

Negative

• Service commission fee revenue declined by 8.6% to $1.27 million
• Equipment and tools SKUs decreased by 16.4%

Insights

Financial Analyst

ICZOOM turned profitable with 3% revenue growth and positive EPS of $0.07, driven by increased product offerings and customer base.

ICZOOM has achieved a significant financial turnaround in H1 FY2025. The company successfully transitioned from a loss of $0.07 per share to earnings of $0.07 per share, representing a clear pivot to profitability. Revenue increased by 3.0% to $90.34 million, primarily driven by electronic component sales which grew 3.2% to $89.07 million, while service commission fees declined by 8.6% to $1.27 million.

The improvement stems from two key operational metrics: product diversity and customer acquisition. The company expanded its SKU count by 7.3% to 8,986 products, with semiconductor offerings increasing by 12.2% while equipment and tools decreased by 16.4%. This strategic shift toward higher-margin semiconductor components likely contributed to the profitability improvement. Simultaneously, ICZOOM grew its customer base by 15.1%, adding 16 new customers to reach 122 total.

The company's positioning within China's growing automotive electronics sector provides a favorable market backdrop. According to cited research, this market reached approximately $171.83 billion in 2024, growing 10.95% year-over-year. This alignment with a rapidly expanding industry vertical creates a foundation for potential continued growth if ICZOOM can maintain its customer acquisition momentum and further expand its semiconductor product offerings.

HONG KONG, June 20, 2025 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic component products e-commerce platform, announced its unaudited financial results for the six months ended December 31, 2024, on June 18, 2025.

Amidst a continuously evolving market environment, ICZOOM executed effectively in line with its initial expectation. ICZOOM achieved positive revenue growth with total revenue increased by 3.0% from $87,720,553 for the six months ended December 31, 2023 to $90,340,640 for the six months ended December 31, 2024. ICZOOM successfully turned a profit, with diluted earnings per share (EPS) reaching USD $0.07 for the six months ended December 31, 2024, increased from a loss of USD 0.07 per share for the six months ended December 31, 2023.

					For the six months ended December 31,
		2024						2023
		(Unaudited)						(Unaudited)							Variances
					% of total							% of total
		Amount			revenue			Amount				revenue			Amount			%
Revenues
Sales of electronic components	$	89,068,580			98.6	%	$	86,329,512				98.4	%	$	2,739,068			3.2	%
Service commission fee		1,272,060			1.4	%		1,391,041				1.6	%		(118,981)			(8.6)	%
Total revenue						%							%						%
	$	90,340,640			100.0		$	87,720,553				100.0		$	2,620,087			3.0

 

				For the six months ended
				December 31,
	Note			2024			2023
EARNINGS/(LOSS) PER ORDINARY SHARE:
– BASIC			$	0.07		$	(0.07)
– DILUTED			$	0.07		$	(0.07)

Ms. Duanrong Liu, the Co-Founder and Chief Operating Officer of ICZOOM, highlighted that ICZOOM's positive performance during the six months ended December 31, 2024 is primarily attributable to the increased stock-keeping unit ("SKUs") and new customers, which increased by 7.3% from 8,373 different products for the six months ended December 31, 2023 to 8,986 different products for the six months ended December 31, 2024, as well as the number of new customers rose by 16 or 15.1% from 106 as of December 31, 2023 to 122 as of December 31, 2024.

		For the six months ended December 31,
		2024 (Unaudited)				2023 (Unaudited)				Variances				%
Stock-keeping unit (SKU) available for sale-Semiconductor			7,801				6,955				846				12.2	%
Stock-keeping unit (SKU) available for sale-Equipment and tools			1,185				1,418				(233)				(16.4)	%
Total SKUs			8,986				8,373				613				7.3	%

Besides the changes on the financial statements, Ms. Liu also stated that the company's development is closely linked to the growth of China's automotive electronics industry.

According to the 2025-2030 Development Status and Investment Strategy Research Report on China's Automotive Electronics Industry released by the CCID Industry Research Institute, the size of China's automotive electronics market reached approximately RMB 1.22 trillion (approximately $ 171.83 billion) in 2024, representing a growth of 10.95% compared to the previous year.

Please refer to the Company's unaudited interim financial results, that can be found at http://ir.iczoomex.com/index.html. The company uses its website as a tool to disclose important information about the Company and to comply with its disclosure obligations under Regulation Fair Disclosure.

About ICZOOM Group Inc.

ICZOOM Group Inc. (Nasdaq: IZM) is primarily engaged in sales of electronic component products to customers in Hong Kong and mainland China through its B2B e-commerce platform. These products are primarily used by China based small and medium-sized enterprises ("SMEs") in the consumer electronic industry, Internet of Things ("IoT"), automotive electronics and industry control segments. By utilizing latest technologies, the Company's platform collects, optimizes and presents product offering information from suppliers of all sizes, all transparent and available to its SME customers to compare and select. In addition to the sales of electronic component products, the Company also provides services to customers such as temporary warehousing, logistic and shipping, and customs clearance. For more information, please visit the Company's website:

http://ir.iczoomex.com/index.html. 

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "anticipate," "estimate," "plan," "project," "continuing," "ongoing," "expect," "we believe," "we intend," "may," "should," "will," "could" and similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission.

 

 

 

ICZOOM GROUP INC. AND ITS SUBSIDIARIES CONSOLIDATED BALANCE SHEETS
			December 31,					June 30,
				2024				2024
	Note			(Unaudited)				(Audited)
ASSETS
CURRENT ASSETS:
Cash			$	1,143,940			$	2,453,728
Restricted cash				4,531,918				3,031,232
Notes receivable				6,595				3,071
Accounts receivable	3			33,649,619				28,297,491
Inventories, net	4			1,093,582				339,286
Advances to suppliers	5			982,134				4,022,696
Prepaid expenses and other current assets	7			3,186,205				984,563
TOTAL CURRENT ASSETS				44,593,993				39,132,067
Property and equipment, net	8			76,357				123,295
Right-of-use assets, net	10			77,523				379,101
Intangible assets, net	9			146,473				204,033
Other non-current assets				7,097				1,448
Deferred tax assets	13			37,802				135,098
TOTAL NON-CURRENT ASSETS				345,252				842,975
TOTAL ASSETS			$	44,939,245			$	39,975,042
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Short-term bank loans, net	11		$	10,681,158			$	10,211,264
Notes payable	11			-				1,543,465
Accounts payable	12			10,627,849				5,263,945
Contract liabilities				2,700,821				3,037,609
Due to related parties	14			1,662,294				474,544
Taxes payable	13			3,147,148				3,251,484
Lease liabilities	10			96,690				408,001
Accrued expenses and other current liabilities				510,823				404,016
TOTAL CURRENT LIABILITIES				29,426,783				24,594,328
TOTAL LIABILITIES				29,426,783				24,594,328
COMMITMENTS AND CONTINGENCIES	18
SHAREHOLDERS' EQUITY
Class A shares, 30,000,000 shares authorized US$0.16 par value, 7,902,495 shares issued and
outstanding and 7,171,858 shares issued and outstanding as of December 31, 2024 and June 30,
2024, respectively;	16			1,264,399				1,147,497
Class B shares, 5,000,000 shares authorized US$0.16 par value, 3,829,500 shares issued and
outstanding as of December 31, 2024 and June 30, 2024	16			612,720				612,720
Additional paid-in capital				19,956,956				19,956,956
Statutory reserve	16			624,097				624,097
Accumulated deficit				(6,825,655)				(7,606,597)
Accumulated other comprehensive (loss)/ income				(120,055)				646,041
TOTAL SHAREHOLDERS' EQUITY				15,512,462				15,380,714
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY			$	44,939,245			$	39,975,042

 

 

 

ICZOOM GROUP INC. AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) (UNAUDITED)
				For the six months ended
				December 31,
	Note			2024				2023
Revenue, net
Sales of electronic components			$	89,068,580			$	86,329,512
Service commission fees				1,272,060				1,391,041
Total revenue, net				90,340,640				87,720,553
Cost of revenue				87,381,979				85,533,907
Gross profit				2,958,661				2,186,646
OPERATING EXPENSES
Selling expenses				799,330				776,007
General and administrative expenses				1,634,197				1,523,002
Total operating expenses				2,433,527				2,299,009
INCOME/(LOSS) FROM OPERATIONS				525,134				(112,363)
OTHER INCOME (EXPENSES)
Foreign exchange transaction gain/(loss)				480,084				(559,655)
Interest expense				(210,574)				(351,806)
Short-term investment income				7,062				59,174
Subsidy income				36,346				11,409
Other expenses, net				(90,027)				(93,481)
Total other income/(expenses), net				222,891				(934,359)
INCOME/(LOSS) BEFORE INCOME TAX PROVISION				748,025				(1,046,722)
INCOME TAX BENEFIT	13			32,917				324,977
NET INCOME/(LOSS)				780,942				(721,745)
Foreign currency translation adjustments				(766,096)				836,583
TOTAL COMPREHENSIVE INCOME
			$	14,846			$	114,838
EARNINGS/(LOSS) PER ORDINARY SHARE:
– BASIC			$	0.07			$	(0.07)
– DILUTED
			$	0.07			$	(0.07)
WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES*:
– BASIC				10,828,967				10,362,861
– DILUTED
				10,828,967				11,094,229

 

 

 

ICZOOM GROUP INC. AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE SIX MONTHS ENDED DECEMBER 31, 2024 AND 2023 (UNAUDITED)
																					Accumulated
		Ordinary Shares, $0.16 par*										Additional										Other				Total
		Class A				Class B						Paid-in		Statutory			Accumulated			Comprehensive				Shareholders'
		Shares		Amount		Shares			Amount			Capital		Reserve				Deficit			Income/ (Loss)					Equity
Balance, June 30, 2023		6,496,874		$ 1,039,499		3,829,500			$ 612,720			$18,795,548		$	624,097		$	(5,334,300)			$	(193,368)			$	15,544,196
Share issuance		43,784		7,005		—			—			—			—			—				—				7,005
Net income for the period		—		—		—			—			—			—			(721,745)				—				(721,745)
Foreign currency translation adjustment		—		—		—			—			—			—			—				836,583				836,583
Balance, December 31, 2023		6,540,658		$ 1,046,504		3,829,500		$ 612,720			$18,795,548			$	624,097		$	(6,056,045)		$		643,215		$		15,666,039
Balance, June 30, 2024		7,171,858		$ 1,147,497		3,829,500			$ 612,720			$19,956,956		$	624,097		$	(7,606,597)			$	646,041		$		15,380,714
Share issuance		730,637		116,902		—			—			—			—			—				—				116,902
Net loss for the period		—		—		—			—			—			—			780,942				—				780,942
Foreign currency translation adjustment		—		—		—			—			—			—			—				(766,096)				(766,096)
Balance, December 31, 2024		7,902,495		$ 1,264,399		3,829,500		$ 612,720			$19,956,956			$	624,097		$	(6,825,655)			$	(120,055)			$	15,512,462

 

 

 

ICZOOM GROUP INC. AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITTED)
		For the six months ended
		December 31,
		2024				2023
Cash flows from operating activities:
Net income /(loss)	$	780,942			$	(721,745)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		119,175				121,588
Property and equipment written off		-				1220
Amortization of right-of-use assets		299,809				297,672
Reversal of provision for inventory impairment		-				(1,851)
Amortization of debt issuance costs		90,288				92,491
Deferred income tax provision		96,989				(345,389)
Unrealized exchange loss		265,606				560,321
Changes in operating assets and liabilities:
Notes receivable		(3,581)				-
Accounts receivable		(5,641,073)				28,931,833
Inventories		(764,667)				393,526
Advances to suppliers		3,040,273				(279,267)
Prepaid expenses and other current assets		(2,234,932)				220,639
Accounts payable		5,374,423				(27,737,233)
Contract liabilities		(318,381)				264,015
Taxes payable		(81,442)				297,112
Lease liabilities		302,913				(186,791)
Accrued expenses and other current liabilities		137,798				(2,934,362)
Net cash provided by (used in) operating activities		1,464,140				(1,026,221)
Cash flows from investing activities:
Purchase of property and equipment		(16,371)				(70,490)
Purchase of intangible assets		(5,908)				(57,398)
Purchase of short-term investments		-				(1,129,600)
Proceeds upon maturity of short-term investments		-				1,129,600
Net cash used in investing activities		(22,279)				(127,888)
Cash flows from financing activities:
Proceeds from short-term bank loans		9,961,479				14,666,970
Repayments of short-term bank loans		(9,399,183)				(14,638,095)
Proceeds from loans payable to third-parties		-				746,000
Repayments from loans payable to third-parties		-				(746,000)
Proceeds from banker's acceptance notes payable		-				2,965,200
Repayment of banker's acceptance notes payable		(1,543,465)				(1,425,200)
Proceeds from borrowings from related parties		3,176,805				6,299,295
Repayment of related party borrowings		(1,978,854)				(4,568,244)
Payment for deferred IPO costs		-				(312,527)
Proceeds from sale of common stock		116,902				-
Net cash provided by financing activities		333,684				2,987,399

 

 

 

ICZOOM GROUP INC. AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS — (Continued) For the six months ended December 31,
		2024				2023
Effect of exchange rate fluctuation on cash and restricted cash		(1,584,647)				(1,568,816)
Net increase in cash and restricted cash		190,898				264,474
Cash and restricted cash at beginning of period		5,484,960				6,413,367
Cash and restricted cash at end of period
	$	5,675,858			$	6,677,841
Supplemental cash flow information
Cash paid for income taxes	$	(5,006)			$	(98,451)
Cash paid for interest
	$	(696,908)			$	(351,806)
Supplemental disclosure of non-cash information
Right-of-use assets obtained in exchange for operating lease obligations	$	-			$	105,613

 

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SOURCE ICZOOM Group Inc.

FAQ

What were ICZOOM Group's (IZM) earnings per share for H1 FY2025?

ICZOOM Group reported diluted earnings per share of $0.07 for H1 FY2025, improving from a loss of $0.07 per share in the same period last year.

How much revenue did ICZOOM (IZM) generate in H1 FY2025?

ICZOOM generated total revenue of $90.34 million in H1 FY2025, representing a 3.0% increase from $87.72 million in H1 FY2024.

How many customers does ICZOOM (IZM) have as of December 2024?

ICZOOM had 122 customers as of December 31, 2024, representing a 15.1% increase from 106 customers in the previous year.

What is the size of China's automotive electronics market in 2024?

China's automotive electronics market reached approximately RMB 1.22 trillion ($171.83 billion) in 2024, growing 10.95% compared to the previous year.

How many SKUs does ICZOOM (IZM) offer on its platform?

ICZOOM offers 8,986 different SKUs as of December 2024, including 7,801 semiconductor products and 1,185 equipment and tools items.