24/7 Market News Snapshot 28 April, 2025 – Powell Max Limited Class A Ordinary Shares (NASDAQ:PMAX)
DENVER, Colo., 28 April, 2025 (www.247marketnews.com) – (Nasdaq:PMAX) are discussed in this article.
Powell Max Limited (Nasdaq:PMAX) is experiencing a notable upward trend in its Class A ordinary shares, opening today at $0.43 with a significant increase of 9.70%. This surge reflects heightened investor interest, as the company continues to trade actively at around $0.431 with a trading volume of 24.87 million shares, suggesting strong market participation. Analysts are closely monitoring technical indicators and overall market sentiment as they assess potential future price movements and strategic entry or exit points.
In tandem with its robust stock performance, Powell Max recently disclosed its audited financial results for the fiscal year ending December 31, 2024. The company reported a revenue decline to HK$36.5 million (approximately US$4.7 million), a decrease of 25.7% from HK$49.1 million in 2023. This downturn is largely attributed to diminished demand for corporate financial communications and IPO financial printing services amidst challenging market conditions.
The company faced a net loss of HK$18.1 million (US$2.3 million) for the year, contrasting sharply with a profit of HK$7.1 million in the previous year. This financial setback can be attributed to a significant uptick in general and administrative expenses, which increased by 128% to HK$24.9 million (US$3.2 million) due to professional fees related to recent financing agreements and rising employee benefits costs.
In response to market fluctuations, Powell Max has strategically increased its investment in sales and marketing initiatives, which saw a 55.6% rise in selling and distribution expenses totaling HK$7.0 million (US$0.9 million). This is part of a broader strategy to enhance the company’s market position and navigate a competitive landscape more effectively.
Looking forward, Powell Max remains focused on streamlining operations and seeking new growth opportunities while aiming for recovery in market conditions, reaffirming its commitment to delivering comprehensive financial communication services tailored to local and international clients.