Lichen China Reports Q1 GAAP EPS Loss and Declining Revenue
Lichen China (NASDAQ:LICN) reported a first-half GAAP earnings per share loss of $0.71, with revenue declining to $10.26 million in the period, representing a year-over-year drop of 28.1%. The company's cash and equivalents stood at $19.60 million as of June 30, down from $26.91 million on December 31 of the previous year. The results highlight ongoing financial challenges for Lichen China amid a shrinking revenue base and negative earnings per share performance. The decline in cash reserves further signals potential liquidity concerns.
Tickers: $LICN
Topics: cash reserves earnings revenue decline