Longduoduo Company Limited Reports Significant Revenue Decline and Net Loss for Q3 and Nine Months Ended March 31, 2025

Longduoduo Company Limited reported a significant decline in financial performance for the three and nine months ended March 31, 2025, compared to the same periods in the previous fiscal year. Total revenue for the third quarter was $777,720, a decrease of 56.6% from $1,790,084 in the prior year. For the nine-month period, revenue fell to $3,322,287, down 42.0% from $5,718,060. The company experienced a net loss attributable to common stockholders of $109,104 for the third quarter, compared to a net income of $511,544 in the same quarter of 2024. For the nine months, the net income decreased to $297,290 from $944,450.

The decline in revenue and profitability can be attributed to a significant drop in commission revenue, which fell to $748,996 for the third quarter from $1,736,277 in the previous year, and to $3,204,647 from $5,390,407 for the nine-month period. Service revenue also decreased, contributing to the overall decline. The company’s cost of revenue remained relatively stable, leading to a gross profit of $757,276 for the third quarter, down from $1,751,487, and $3,240,786 for the nine months, compared to $5,574,713 in the prior year.

In terms of operational developments, Longduoduo has undergone significant organizational changes, including the acquisition of LDD Technology Limited and its subsidiaries, which was completed in February 2025. This acquisition is part of the company's strategy to expand its offerings in preventive healthcare solutions. The company also implemented a 1-for-10 reverse stock split in September 2023, which has been reflected in its financial statements. As of March 31, 2025, Longduoduo reported total assets of $2,025,417, a slight decrease from $2,063,401 as of June 30, 2024.

The company’s cash and cash equivalents increased to $1,456,125 as of March 31, 2025, from $1,404,042 at the end of the previous fiscal year. Longduoduo's total liabilities decreased significantly to $920,639 from $1,282,550, primarily due to a reduction in accounts payable and deferred revenue. The total stockholders' equity attributable to common stockholders rose to $998,047, up from $702,515, reflecting a positive shift in the company's financial position despite the losses reported.

Looking ahead, Longduoduo aims to stabilize its operations and improve profitability through strategic initiatives, including enhancing its service offerings and expanding its market presence. The company acknowledges the challenges it faces but remains focused on leveraging its recent acquisitions and restructuring efforts to drive future growth.