)

Millennium Group International (MGIH) investor relations material
Millennium Group International H1 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenue for the six months ended December 31, 2024, declined 40.6% year-over-year to $14.1 million, reflecting lower sales volumes amid macroeconomic pressures.
Net loss widened to $3.1 million from $0.9 million in the prior-year period, with EPS at -$0.27 versus -$0.08.
Gross profit margin decreased to 20.2% from 26.0% year-over-year, driven by lower volumes and margin pressure in core product lines.
Strategic expansion into Vietnam and Indonesia is progressing, with new factories expected to enhance efficiency and market access.
Financial highlights
Revenues fell to $14.1 million from $23.8 million year-over-year, mainly due to a 54.6% drop in sales volume despite a 30.9% increase in average selling price.
Gross profit dropped to $2.85 million from $6.19 million, with margin down to 20.2%.
Net loss increased to $3.1 million from $0.9 million; basic and diluted loss per share was $0.27 compared to $0.08.
Cash and cash equivalents were $11.2 million as of December 31, 2024, down 16.1% from June 30, 2024.
Outlook and guidance
Management remains focused on cost optimization, operational efficiency, and customer diversification to counter ongoing market uncertainty.
Expansion into Southeast Asia and the U.S. is expected to drive future growth and market share.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage