XCHG Limited Reports Second Quarter 2024 Unaudited Financial Results
December 13, 2024
IPO: Sep 10, 24
Industry:
POWER, DISTRIBUTION & SPECIALTY TRANSFORMERS
Hamburg, GERMANY – XCharge (Nasdaq: XCH), a leading provider of integrated electric vehicle (EV) charging solutions, announced its unaudited financial results for the second quarter of 2024.
Despite a challenging macroeconomic environment, XCharge achieved resilient operating performance in the second quarter of 2024. Deliveries of DC fast chargers decreased 31.8% year-over-year, while total EV charger deliveries decreased 5.4%.
Positively, the company saw strong growth in its Net Zero Series (NZS) chargers, with 51 units delivered in the first six months of 2024.
Revenue decreased 26.3% year-over-year to $9.0 million. Gross margin improved to 46.1% compared to 44.7% in the prior-year period. XCharge reported a net loss of $1.0 million in the second quarter of 2024.
Yifei Hou, CEO of XCharge, highlighted the strong growth in NZS chargers and the company’s commitment to innovation and sustainability. In September, XCharge completed its initial public offering, raising $21.5 million.
Lineage, Inc. Declares Dividend for Fourth Quarter 2024
December 11, 2024
IPO: Jul 25, 24
Industry:
REAL ESTATE INVESTMENT TRUSTS
Novi, MICH. – Lineage, Inc. (NASDAQ: LINE), the world’s largest temperature-controlled warehouse REIT, announced that its Board of Directors has declared a cash dividend of $0.5275 per share for the fourth quarter of 2024. The dividend will be paid on January 21, 2025, to shareholders of record as of the close of business on December 31, 2024.
Lineage is a global provider of temperature-controlled warehousing and logistics solutions. The company owns and operates a network of over 480 strategically located facilities totaling over 84 million square feet across North America, Europe and Asia-Pacific.