India, April 28 -- Shares of MicroAlgo Inc. (MLGO) gained over 12% on Monday morning after the company reported full year 2024 results, which swung to profit compared to a loss last year.
MLGO is currently trading at $8.91, up $0.99 or 12.50%, on the Nasdaq. The stock opened its trading at $10.42 after closing Friday at $7.92. The stock has traded between $1.11 and $509.60 in the past 52-week period.
The company reported total revenues of RMB 541.5 million (USD 75.3 million) and net income of RMB 53.4 million (USD 7.3 million), marking a significant turnaround from the previous year's net loss of RMB 266.2 million and net loss of RMB 46.54 million in 2022.
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