INNO HOLDINGS INC. Annual Report - How They Did This Year

This annual report gives us a look at INNO HOLDINGS INC.'s performance for the fiscal year that wrapped up on September 30, 2024. It also offers some insights into the current fiscal year, which ends on September 30, 2025.

A Big Year: Going Public! The past year was a landmark for INNO HOLDINGS INC. as the company successfully completed its Initial Public Offering (IPO) around December 2023. This means you can now buy and sell their shares on The Nasdaq Stock Market under the ticker symbol INHD. This is a huge step for any company, opening up new opportunities for growth and investment.

Where They Operate: INNO HOLDINGS INC. is incorporated in Texas, but its main operations are managed from Hong Kong, showing it has a global footprint. The company's business involves several key entities like Inno Metal Studs Corp, Inno Research Institute LLC, and Castor Building Tech LLC. They also work with various partners and investors, including names like Lear Group Limited, Baymax High Technology Co Limited, and CoreModu LLC.

What Investors Should Keep in Mind (Risks): It's important for investors to be aware of a couple of key risks related to how the company does business. INNO HOLDINGS INC. relies quite a bit on a small number of relationships:

• Customer Concentration: A large chunk of their sales revenue comes from just four customers. If any of these relationships were to change, it could significantly impact their sales.
• Supplier Concentration: Similarly, the company depends heavily on only two main suppliers for its cost of goods. This means disruptions with these suppliers could affect their ability to produce and sell their products.

Key Takeaways:

• INNO HOLDINGS INC. successfully completed its IPO in December 2023 and is now traded on Nasdaq under INHD.
• The company has a global operational footprint, incorporated in Texas with main operations in Hong Kong, and works with several key entities and partners.
• Investors should note the company's significant reliance on a small number of customers (four) and suppliers (two), which presents concentration risks.