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Benzinga

Anusuya Lahiri

NiSun Shares Soar Post 280% Revenue Growth In FY21

NiSun International Enterprise Development Group Co, Ltd (NASDAQ:NISN) reported FY21 revenue growth of 280% year-on-year to $160.2 million.
Revenue from Financial Services grew by 118% Y/Y to $92.1 million.
Revenue from Supply Chain Trading Business was $68.1 million.
Gross profit from continuing operations increased by 143% Y/Y to $54.0 million due to a significant increase in demand from SME enterprises in mainland China.
EPS was $1.41 versus a $(0.71) loss last year.
NiSun held $91.6 million in cash and equivalents and generated $23.9 million in operating cash flow.
Price Action: NISN shares traded higher by 18.3% at $0.71 on the last check Tuesday.

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