Top Win International (TOPW) Q1 2024 Earnings Report

In QQ1 2024, Top Win reported revenues of $3,962,714, up from $3,650,267 in the previous quarter—an increase of 8.54% QoQ. However, losses deepened as operating income stood at -$59,349 with an operational loss ratio of -1.50%. The increase in general and administrative expenses to $313,268 highlights pressure on margins. Year-over-year comparisons point to a net income decrease from -$37,425 in Q4 2023 to -$109,062 in Q1 2024, signaling deteriorating profitability. The gross profit margin improvement, while marginal, suggests potential for future recovery if operational efficiencies can be achieved. Overall, the current financial trajectory reflects both challenges and possibilities for improvement.