Elong Power 2024 Q4 Earnings Sharp Revenue Drop, Widening Net Loss

Elong Power (ELPW) reported its fiscal 2024 Q4 earnings on Sep 22nd, 2025. The results fell short of expectations, with a dramatic decline in revenue and an expanded net loss. While the company narrowed its per-share loss, the overall financial performance remains challenging. Management did not provide specific guidance but emphasized cost optimization and long-term growth strategies.

Revenue
Elong Power saw a steep drop in total revenue for 2024 Q4, falling to $386,940, a 87.8% decrease from $3.16 million in the same period of 2023. The decline reflects broader industry headwinds and operational difficulties faced by the company during the quarter.

Earnings/Net Income
The company reported a per-share loss of $0.63 in 2024 Q4, an improvement of 40.0% from a $1.04 loss in 2023 Q4. However, the net loss significantly increased to $-31.37 million, a 268.9% rise from the $-8.50 million loss in the prior year. This highlights the widening gap between reduced revenue and ongoing expenses, suggesting ongoing financial strain.

Price Action
The stock price of Elong Power edged down 0.00% during the latest trading day but climbed 6.45% over the most recent full trading week. However, the stock plummeted 18.44% month-to-date, reflecting ongoing investor caution and market volatility around the earnings release.

Post-Earnings Price Action Review
Despite a challenging 2024 Q4 marked by supply chain disruptions and soft demand, Elong Power's leadership remains focused on long-term growth. The CEO emphasized strategic investments in R&D and product diversification, expressing confidence in the company’s ability to adapt to market conditions. The leadership team conveyed a tone of cautious optimism, acknowledging operational difficulties while underscoring a commitment to innovation and competitive positioning in the electrical machinery sector.

Guidance
Looking ahead, the CEO outlined expectations for fiscal 2025, targeting stabilized revenue growth and improved profitability. The company plans to achieve this through cost optimization and enhanced product offerings. While no specific revenue or EPS targets were disclosed, management emphasized maintaining capital expenditures aligned with strategic goals and a focus on long-term value creation.

Additional News
Elong Power Holding Ltd. filed its 20-F Annual Report with the SEC on September 20, 2025, covering the fiscal year ending December 31, 2024. The report, accessible via [this link](https://last10k.com/sec-filings/report/2015691/000149315225014353/form20-f.htm), includes detailed financial statements, material contracts, and disclosures. The filing also references a Definitive Proxy Statement outlining executive compensation, board voting procedures, and peer comparisons. As a publicly traded company in the "Miscellaneous Electrical Machinery Equipment And Supplies" industry, Elong Power continues to operate under scrutiny for transparency and financial resilience.