Marwynn Holdings, Inc. reported a total revenue of $11.1 million for the fiscal year ending April 30, 2025, a decrease of 6.84% from $11.9 million in the previous year. The decline was primarily driven by a significant drop in food and beverage sales, which fell by 79.89% to $624,846, largely due to reduced purchase orders from Costco, a key customer. In contrast, sales from indoor home improvement products increased by 19.39% to $10.3 million, reflecting the company's efforts to expand its wholesale business and introduce new products.
The company's cost of revenues also decreased, totaling $6.4 million for the year, down 2.77% from $6.6 million in 2024. This reduction was mainly attributed to the sharp decline in food and beverage costs, which dropped by 79.67% to $332,941. However, costs associated with indoor home improvement products rose by 23.18% to $5.97 million, reflecting increased sales volume despite lower inventory purchase prices. Overall, Marwynn's gross profit decreased by 11.86% to $4.7 million, with a gross margin of 42.35%, down from 44.76% in the prior year.
Strategically, Marwynn has focused on expanding its product offerings and enhancing its supply chain capabilities. The company is actively seeking new retail partnerships and has paused imports from China in response to increased tariffs, exploring alternative sourcing options to mitigate cost impacts. As of April 30, 2025, Marwynn employed 27 full-time staff, a slight increase from the previous year, and is working to enhance its operational efficiency and market reach.
Looking ahead, Marwynn's management expressed optimism about future growth, particularly in the indoor home improvement segment, which has shown resilience. The company plans to diversify its product lines and expand its presence in the U.S. market, particularly in Southern California. However, ongoing geopolitical tensions and trade policy changes pose risks that could affect operational costs and customer demand. The company is closely monitoring these developments and adjusting its strategies accordingly to ensure long-term sustainability and profitability.
About Marwynn Holdings, Inc.
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