MicroAlgo Announces Strong Net Income and Cash Growth in 2024, Driven by Robust Demand for Central Processing Algorithm ServicesShenzhen, April 28, 2025 (GLOBE NEWSWIRE) -- Shenzhen, China, April 28, 2025 – MicroAlgo Inc. (
NASDAQ: MLGO), (the “Company”), a leading developer and application provider of bespoke central processing algorithms, today announced its financial results for the year ended December 31, 2024. The Company reported total revenues of RMB 541.5 million (USD 75.3 million) and net income of RMB 53.4 million (USD 7.3 million), marking a significant turnaround from the previous year's net loss of RMB 266.2 million and net loss of RMB 46.54 million in 2022. This return to profitability is largely attributed to the company's strategic shift away from its intelligent chips and services segment, and dedication of resources resulting in strong performance in its central processing algorithm services, which accounted for 100% of revenues in 2024.
MicroAlgo Inc. plans to issue additional new shares at an offering price of $0.8 per share.SHENZHEN, March 24, 2025 (GLOBE NEWSWIRE) -- MicroAlgo Inc. plans to issue additional new shares at an offering price of $0.8 per share.
