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Alert: Global Mofy Financial Results Webcast and Presentation Now Available
BEIJING, July 24, 2024 (GLOBE NEWSWIRE) -- Global Mofy Metaverse Limited (the "Company" or "Global Mofy") (Nasdaq: GMM), a generative AI-driven technology
About this update from Global Mofy Ai Limited
[{"type":"text","content":"BEIJING, July 24, 2024 (GLOBE NEWSWIRE) -- Global Mofy Metaverse Limited (the \"Company\" or \"Global Mofy\") (Nasdaq: GMM), a generative AI-driven technology solutions provider engaged in virtual content production and the development of 3D digital assets for use in the broader digital content industry, announced replay availability of the Company’s financial results webcast and management presentation for the six months ended March 31, 2024 on https://edge.media-server.com/mmc/p/3t6xp7iz (available for 12 months starting July 23, 2024) and its investor relations website at https://ir.globalmofy.cn/. Global Mofy Metaverse reported record results before the Nasdaq opened yesterday, with revenue, gross margin, and EPS all surging on a year-over-year basis to new company records. Financial highlights covered on the webcast and management presentation for the six months ended March 31, 2024 include: Revenue achieved a record of $19.9 million, up 55.3% YoY from $12.8 MillionGross Profit Increased by 135.1% YoY to $11.8 Million from $5.0 MillionGross Margin Expanded to 59.3% from 39.2% in the year ago periodEPS Surged by 1537.9% to $0.37 from $0.02 in the year ago period Select operational and strategic highlights for the six months ended March 31, 2024 include: Strategic Transformation: Global Mofy has undergone a significant strategic transformation to embrace the changing market and rising innovation and involvement of AI technology. This initiative aims to position the Company as an AI-driven technology solutions provider, focusing on integrating AI technologies across our operations. Key initiatives include the development of new AI tools and platforms, such as our generative AI platform Gausspeed, developed in collaboration with NVIDIA Omniverse. These advancements have significantly enhanced the company’s content creation efficiency and reduced production costs, while also helping the broader digital content industry by improving overall productivity and reducing costs.Global Market Expansion: The Company has expanded its global footprint with offices established in Beijing, Zhejiang, and now in California, United States, along with the establishment of its North American subsidiary, GMM DISCOVERY LLC. This strategic expansion enhances the ability to serve a diverse client base and explore new market opportunities, solidifying...