Junee Limited reported revenue of $2.9 million for fiscal year 2024, representing a 52.7% decrease from $6.1 million in FY2023, primarily due to reduced customer demand amid economic recession in Hong Kong. The company recorded a net loss of $854,927 compared to net income of $38,678 in the prior year. Gross profit declined 36% to $817,883, though gross margin improved to 28.2% from 20.8%.The company successfully completed its initial public offering on Nasdaq in April 2024, raising net proceeds of $7.9 million through the issuance of 2,263,068 ordinary shares at $4.00 per share. As of June 30, 2024, Junee had cash and cash equivalents of $7.2 million compared to $558,386 at the end of FY2023, with positive working capital of $6.9 million.Looking ahead, Junee has expanded into new strategic initiatives, including signing agreements to develop artificial intelligence products and construct supercomputing centers in Australia with planned investments of up to $200 million. The company established new subsidiaries in Hong Kong, Singapore and Australia to support its growth plans while maintaining its core interior design and fit-out services business in Hong Kong.

Junee Limited reported revenue of $2.9 million for fiscal year 2024, representing a 52.7% decrease from $6.1 million in FY2023, primarily due to reduced customer demand amid economic recession in Hong Kong. The company recorded a net loss of $854,927 compared to net income of $38,678 in the prior year. Gross profit declined 36% to $817,883, though gross margin improved to 28.2% from 20.8%.The company successfully completed its initial public offering on Nasdaq in April 2024, raising net proceeds of $7.9 million through the issuance of 2,263,068 ordinary shares at $4.00 per share. As of June 30, 2024, Junee had cash and cash equivalents of $7.2 million compared to $558,386 at the end of FY2023, with positive working capital of $6.9 million.Looking ahead, Junee has expanded into new strategic initiatives, including signing agreements to develop artificial intelligence products and construct supercomputing centers in Australia with planned investments of up to $200 million. The company established new subsidiaries in Hong Kong, Singapore and Australia to support its growth plans while maintaining its core interior design and fit-out services business in Hong Kong.