Earnings ·
Highway Holdings Limited reported first-quarter fiscal 2027 results ending June 30, 2026, showing a 29.2%…
HIHOHighway Holdings Ltd
Highway Holdings Limited reported first-quarter fiscal 2027 results ending June 30, 2026, showing a 29.2% year-over-year revenue increase to $2 million and gross profit growth of 58.4% to $835,000. The company returned to operating profitability with $59,000 in operating income, an improvement from the prior year's loss of $138,000, driven by a gross margin expansion of approximately 800 basis points to 42%. Net income attributable to shareholders rose 79% to $109,000, or $0.02 per diluted share. The firm maintains solid liquidity with $3.9 million in cash and a current ratio of 2.4-to-1. Highway Holdings Limited operates as an international manufacturer of high-quality parts and products for blue-chip equipment manufacturers.