HomesToLife 1H Revenue Up 10% to $198M, But Net Income Drops 39% on FX Loss
HTLM is trading near its 52-week low of $1.56 (5.1% above the low) on elevated volume (8.7× avg).
Summary
HomesToLife reported 1H 2026 revenue of $198.3M, up 10% YoY, driven by 11% growth in export sales and 57% growth in retail. Gross margin expanded 1.1pp to 28.7%. However, net income fell 39% to $6.1M due to a $2.2M FX loss versus a $4.3M gain last year. Excluding FX, net income would have risen 22%. The company reiterated full-year revenue guidance of $400M-$420M. Cash position remains healthy at $17.9M after $5.8M in dividends. This is the first earnings release since the company's F-1 filing for a $20M Singapore placement and SGX secondary listing application, providing a fundamental update for investors evaluating those capital events.
Updates
· SEC 6-K — The 6-K includes unaudited condensed consolidated financial statements, MD&A, and a press release for the six months ended June 30, 2026.
At the time of this announcement, HTLM was trading at $1.64 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $173.9M. The 52-week trading range was $1.56 to $4.19. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.