JBDI Holdings Limited reported total revenue of $9.4 million for the fiscal year ended May 31, 2024, representing a 15.5% decrease from $11.1 million in FY2023. The company recorded a net loss of $1.0 million compared to a net profit of $0.8 million in the previous year. Sales of Reconditioned Containers remained the largest revenue contributor at 67.2% of total revenue, though declining from 72.1% in FY2023.The company's gross profit margin slightly decreased to 67.7% from 68.3% year-over-year, while administrative expenses increased to $7.5 million from $6.6 million. Singapore continued to be the main market, accounting for 84.2% of total revenue, followed by Indonesia at 9.3% and Malaysia at 6.5%. The company maintained a stable customer base with the top five customers contributing 30% of total revenue.Looking ahead, JBDI Holdings completed its initial public offering on August 28, 2024, raising approximately $6.7 million in net proceeds through the issuance of 1.75 million ordinary shares at $5.00 per share. The company's shares began trading on Nasdaq under the symbol "JBDI" on August 27, 2024, marking a significant milestone in its corporate development.

JBDI Holdings Limited reported total revenue of $9.4 million for the fiscal year ended May 31, 2024, representing a 15.5% decrease from $11.1 million in FY2023. The company recorded a net loss of $1.0 million compared to a net profit of $0.8 million in the previous year. Sales of Reconditioned Containers remained the largest revenue contributor at 67.2% of total revenue, though declining from 72.1% in FY2023.The company's gross profit margin slightly decreased to 67.7% from 68.3% year-over-year, while administrative expenses increased to $7.5 million from $6.6 million. Singapore continued to be the main market, accounting for 84.2% of total revenue, followed by Indonesia at 9.3% and Malaysia at 6.5%. The company maintained a stable customer base with the top five customers contributing 30% of total revenue.Looking ahead, JBDI Holdings completed its initial public offering on August 28, 2024, raising approximately $6.7 million in net proceeds through the issuance of 1.75 million ordinary shares at $5.00 per share. The company's shares began trading on Nasdaq under the symbol "JBDI" on August 27, 2024, marking a significant milestone in its corporate development.