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LOBO TECHNOLOGIES LTD. Announces First Half of Fiscal Year 2026 Financial Results
WUXI, China, Sept. 18, 2026 (GLOBE NEWSWIRE) — LOBO TECHNOLOGIES LTD. (Nasdaq: LOBO) (“LOBO” or the “Company”), an innovative electric mobility vehicles manufacturer and seller, today announced its unaudited financial results for the first half of fiscal year 2026 ended June 30, 2026.
Mr. Huajian Xu, Chief Executive Officer of LOBO, commented, “We delivered encouraging progress in the first half of 2026, with total revenues increasing 20.6% year over year. Our core electric vehicles and accessories business remained resilient, generating 8.2% revenue growth, while our newly launched AI infrastructure services business contributed approximately $1.5 million in revenue and began to broaden our revenue base.
“At the same time, we continued to sharpen our cost structure and improve operating efficiency, with total operating expenses decreasing 17.9% year over year and our net loss narrowing meaningfully compared with the prior-year period. These results reflect our focus on balancing growth investment with greater financial discipline.
“Looking ahead, we will continue to strengthen our core electric mobility business while selectively pursuing technology-driven opportunities that complement our capabilities and expand our growth potential. We remain focused on disciplined execution, efficient capital allocation and building sustainable long-term value for our shareholders.”
First Half of Fiscal Year 2026 Financial Summary
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Revenues were $14.6 million for the first half of fiscal year 2026, an increase of 20.6% from $12.1 million for the same period of last year.
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Gross profit was $1.9 million for the first half of fiscal year 2026, relatively stable compared to $1.9 million for the same period of last year.
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Gross profit margin was 13.2% for the first half of fiscal year 2026, compared to 16.1% for the same period of last year.
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Net loss was $1.1 million for the first half of fiscal year 2026, compared to $2.6 million for the same period of last year.
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Basic and diluted loss per share were $0.07 for the first half of fiscal year 2026, compared to $0.28 for the same period of last year.
First Half of Fiscal Year 2026 Financial Results
Revenues were $14.6 million for the first half of fiscal year 2026, an increase of 20.6% from $12.1 million for the same period of last year. Revenues from electric vehicles and accessories sales increased by 8.2%, to $13.1 million for the first half of fiscal year 2026, from $12.1 million for the same period of last year, and the Company generated $1.5 million of revenues from its new AI infrastructure services business.
