revenue decline

Tenet Fintech Group reported a significant revenue decline to $2.84 million in 2024, down from $42.08 million in 2023, with a net loss of $59.26 million. Despite these challenges, the company is strategically pivoting by enhancing its Cubeler platform and forming partnerships, including one with Dext Software Ltd. Looking ahead to 2025, Tenet aims to launch Cubeler in the U.S., commercialize data products in North America, and reactivate platforms in China, targeting a $100M+ annual revenue run-rate.

TrustBIX Inc. (TSXV: TBIX) reported a widened net loss of $255,984 in Q3 2025, compared to a $9,773 loss in Q3 2024, with revenue declining 40.8% to $324,545. Despite revenue challenges, operating expenses improved over nine months, and cash from operating activities increased by 70.5% in Q3. The Alberta Food Security team secured new indoor farming technology orders, with initial deliveries commencing in June 2025, though manufacturing delays are being addressed.

LG Electronics reported a 4.4% year-over-year revenue decline and a 46.6% drop in operating profit for Q2 2025, citing weak global demand, U.S. tariffs, and increased competition. While home appliance, vehicle component, and environmental solutions divisions achieved record results, the media and entertainment segment faced losses due to declining TV sales. LG aims to boost growth in the second half by focusing on high-efficiency products, expanding its portfolio, and targeting emerging sectors like AI data centers.

The NAND flash market faced a tough Q1 2025, with a 15% ASP drop and 7% shipment decline due to inventory pressure and weak demand. The top five suppliers’ combined revenue fell nearly 24%. Samsung led, but revenue decreased by 25%. Micron rose to third despite ASP drops. Despite the downturn, a rebound of about 10% in sequential revenue is anticipated in Q2.

DouYu International Holdings reported mixed Q1 2025 results, with revenue declining 8.9% YoY to RMB947.1 million ($130.5 million) due to reduced livestreaming activity. However, gross margins improved to 12%, and net losses narrowed significantly (-9.5% YoY), aided by cost optimization efforts. Strategic shifts showed promise, as voice-based social networking and game membership services surged 60.2% to 40.4% of total revenue. Mobile MAUs fell 8.7% to 41.4 million amid reduced low-ROI content, while paying livestreaming users dropped to 2.9 million. Cash reserves fell to RMB2.3 billion ($318.2 million) post-$300 million dividend payout. Executives emphasized focusing on high-margin verticals and sustainable growth in China’s competitive digital entertainment market.