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Pinnacle Food Group Limited Class A ( (PFAI) ) has shared an update.
Pinnacle Food Group Limited reported a 57% increase in revenue for the year ending December 31, 2024, reaching $3,289,862, compared to $2,100,819 in 2023. Despite the revenue growth, net profit decreased to $286,142 due to increased costs related to revenue and operating expenses as the company prepared for its IPO. The company successfully closed its IPO on April 23, 2025, raising $7.2 million. Pinnacle plans to expand its sales footprint into the APAC region, anticipating a shift in sales mix towards larger smart farming systems for community groups and urban farms.
More about Pinnacle Food Group Limited Class A
Pinnacle Food Group Limited, incorporated in the Cayman Islands, specializes in selling smart hydroponic growing systems and technical support services to individual households, community groups, and urban farms. The company provides tailored hardware solutions and data-driven support to optimize smart farming productivity.
Average Trading Volume: 108,314
Find detailed analytics on PFAI stock on TipRanks’ Stock Analysis page.