XCHG Limited announced its unaudited financial results for the six months ended June 30, 2025, reporting revenue of $18.0 million. This represents an 8.2% decrease compared to $19.6 million in the first half of 2024. Gross profit also declined by 12.2% to $8.6 million, with the gross margin contracting to 47.8% from 50.0% in H1 2024.
The company reported a net loss of $10.0 million for H1 2025, a significant increase from the $5.0 million net loss in H1 2024. The adjusted net loss also stood at $10.0 million. Management attributed these results to a complex global landscape, including U.S. trade policy uncertainty and evolving renewable energy regulations, which led some customers to temporarily defer orders.
In a management change, the board of directors approved the appointment of Mr. Joel Adalberto Gallo as the company’s Chief Financial Officer, effective September 3, 2025. Mr. Gallo brings over 30 years of experience in accounting and corporate finance. The company also initiated a considerable cost containment program to enhance operational efficiency and strengthen its financial profile.
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