DDC Enterprise reports nine-month revenue ending September 30 at $23.7M

Total revenues were $23.7 million for the nine months ended September 30, 2023, representing 25.5% increase from the same period in 2022. Gross Profit was $6.3 million for the nine months ended September 30, 2023, representing a 48.4% increase from the same period in 2022. Gross profit margin increased from 22.3% for the nine months ended September 30, 2022, to 26.4% for the nine months ended September 30, 2023. EBITDA was a positive $0.6 million for the nine months ended September 30, 2023, compared to a negative EBITDA of $10.1 million in the same period of 2022. Norma Chu, DDC‘s Chairwoman and Chief Executive Officer said, “These financial results are from a pre-IPO period, and we look forward to continuing financial success now that we are trading on the NYSE American. We are very excited about our recent acquisitions as well as the significant number of opportunities we see in the U.S. and international markets. As a newly listed company, we are focused on executing our growth strategy to deliver value for our shareholders.”