Marwynn Holdings Inc
MWYN
$0.880 1.14%
Exchange: NASDAQ | Sector: Consumer Defensive | Industry: Packaged Foods
Q3 2024
Published: Oct 31, 2024

Earnings Highlights

  • Revenue of $2.65M down 14.1% year-over-year
  • Gross margin of 47.5%
  • Net income of -114.37K
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MWYN
Company MWYN

Executive Summary

Overview: Marwynn Holdings Inc (MWYN) delivered Q3 2024 results with revenue of $2.65 million and a gross profit of $1.26 million, yielding a gross margin of 47.5%. Despite a positive EBITDA of $0.31 million, the company recorded a net loss of $0.11 million and an operating loss of $0.035 million. The quarter generated positive operating cash flow of $0.304 million and free cash flow of $0.307 million, yet financing activities consumed $0.548 million, resulting in a net cash decrease to $0.0605 million at period end. Liquidity remains tight (cash ratio of 0.01) despite a modest current ratio (1.20) and meaningful leverage (debt-to-capitalization 66.5%; debt ratio 0.399).

Key Performance Indicators

Revenue
Decreasing
2.65M
QoQ: -6.73% | YoY: -14.09%
Gross Profit
Increasing
1.26M
47.49% margin
QoQ: -9.94% | YoY: 4.81%
Operating Income
Decreasing
-35.41K
QoQ: 84.59% | YoY: -125.50%
Net Income
Decreasing
-114.37K
QoQ: 65.19% | YoY: -245.75%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2026 2,343.96 -159.48 +69.0% View
Q4 2024 2.70 0.00 -5.5% View
Q3 2024 2.65 0.00 -14.1% View
Q2 2024 2.84 -0.02 +9.1% View
Q1 2024 3.37 0.00 +0.0% View