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Elong Power Holding H1 EPS $(42.36) Down From $1.65 thousand YoY, Sales $2.899M Up From $19.229K YoY

Benzinga Newsdesk

Elong Power Holding (NASDAQ:ELPW) reported quarterly losses of $(42.36) per share. This is a 102.57 percent decrease over earnings of $1.65 thousand per share from the same period last year. The company reported $2.899

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    Elong Power Holding Limited Announces First Half 2026 Financial Results

    Elong Power (NASDAQ: ELPW) announced H1 2026 results showing net revenue of $2.90 million (up 14,977% YoY) following its divestment of lithium battery manufacturing and pivot to asset-light energy storage system integration. The company reported net income of $20.49 million, primarily driven by a $22.61 million non-operating gain from the battery business disposal. However, continuing operations showed a net loss of $2.11 million with thin 0.3% gross margins. The company raised approximately $20 million in public offerings to fund R&D and global market expansion.

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