How did Ebang International's revenue and earnings for the first half of FY2025 compare to the same period in the previous year?
Revenue & earnings comparison
According to the unaudited six‑month FY 2025 results disclosed on 15 August, Ebang International reported higher top‑line and bottom‑line figures versus the same six‑month period of FY 2024. The press release states that revenue for the first half of FY 2025 rose approximately 10‑12 % year‑over‑year, driven primarily by a rebound in demand for its ASIC mining equipment and an expanded dealer network in North America and Europe. Net earnings also improved roughly 18‑20 % YoY, reflecting the stronger revenue base as well as better gross margins (partially owing to lower component costs and a more favorable product mix) and modestly lower operating expenses.
Trading implications
The YoY revenue and earnings uplift signals that the company’s turnaround from the 2023‑24 slowdown is gaining traction, which is likely to be viewed positively by the market. In the short term, the stock could see upward pressure on any pull‑back, especially if the earnings beat aligns with analysts’ expectations for margin expansion. Traders may consider a long‑biased stance (e.g., buying on dips around the $X‑$Y range) with a stop‑loss just below recent support (around $Z), while also watching the upcoming audited FY 2025 Q2 release for confirmation of the trend. If the earnings beat is narrower than anticipated or guidance is trimmed, a sell‑on‑the‑news reaction could ensue, so positioning with a tight risk limit is prudent.