CTW Cayman announced its financial results for the fiscal year ended July 31, 2024, reporting total revenue of $68.42 million. This represents an increase from $62.94 million recorded in the previous fiscal year, demonstrating consistent top-line growth for the company.
The company achieved a gross profit of $52.21 million, resulting in a robust gross profit margin of 75.92%. Net income from continuing operations significantly increased to $5.98 million in 2024, up from $3.40 million in 2023, indicating improved profitability.
Diluted earnings per share (EPS) also saw a healthy rise to $0.50 in 2024, compared to $0.28 in 2023. Operating income for the year stood at $6.66 million, an increase from $5.59 million in the prior year, reflecting effective management of operational costs.
Cash flow from operations for 2024 was $1.59 million, while free cash flow was reported at $877,190. As of July 31, 2024, CTW Cayman maintained a healthy liquidity position with cash and cash equivalents totaling $14.46 million.
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