How did HIHO's revenue and expenses shift in Q3 2025?

**Highway Holdings Limited (HIHO) experienced a significant shift in its revenue and expenses in Q3 2025 compared to the previous year.** Here's a detailed analysis: 1. **Revenue Shift**: - In Q3 2025, HIHO reported a 13.5% decrease in net revenue, dropping to $1.9 million from $2.2 million in the same period of the previous year. - Despite this decline, the company reported a 21% increase in revenue for the fiscal year 2025 nine months, ending December 31, 2024, with a notable rise in diluted earnings per share. 2. **Expense Shift**: - No specific data on expenses for Q3 2025 was found. However, the company's financial results for Q3 2025 showed a decrease in net income, which was $92,000 or $0.02 per diluted share, compared to $348,000 or $0.08 per diluted share in the year ago period. 3. **Comparative Insights**: - It's important to note that while Q3 2025 showed a decrease in revenue and net income, the fiscal year 2025 nine months resulted in a 21% increase in revenue, with net income increasing to $421,000, or $0.1 per diluted share, compared to $223,000, or $0.05 per diluted share for the year ago period. - The company's chairman, president, and CEO, Roland Kohl, attributed the challenges in the near term to the uncertain macro environment and the impact of customer product orders being adversely affected by geopolitical tensions and potential policy changes. 4. **Long-term Outlook**: - Despite the short-term challenges, HIHO remains optimistic about long-term growth through strategic ventures and diversification. - The company is exploring new business lines to reduce dependence on customer health and enhance shareholder value. In conclusion, HIHO faced a challenging quarter in Q3 2025 with a decline in revenue and net income. However, the company's overall fiscal year 2025 nine months performance showed positive signs of growth, indicating a potential for resilience and strategic adaptation in the face of adversity.