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Primech Holdings Ltd.
(NASDAQ:PMEC)
Primech Holdings Ltd. (PMEC) vs. SPDR S&P 500 ETF (SPY)
Primech Holdings Ltd. Business Overview & Revenue Model
Primech Holdings Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 69.03M | 74.35M | 72.52M | 69.03M | 54.44M | 48.09M |
| Gross Profit | 3.69M | 17.53M | 12.61M | 10.62M | 9.84M | 12.42M |
| EBITDA | 1.82M | 3.01M | 1.30M | 1.82M | 2.34M | 8.45M |
| Net Income | -2.53M | -1.94M | -3.24M | -2.53M | -1.24M | 5.36M |
Balance Sheet | ||||||
| Total Assets | 42.82M | 41.20M | 45.51M | 42.82M | 33.20M | 28.95M |
| Cash, Cash Equivalents and Short-Term Investments | 9.07M | 10.14M | 7.65M | 9.07M | 5.14M | 6.82M |
| Total Debt | 22.36M | 15.47M | 20.79M | 22.36M | 12.01M | 7.35M |
| Total Liabilities | 33.99M | 26.52M | 30.45M | 33.99M | 21.96M | 15.66M |
| Stockholders Equity | 8.78M | 14.89M | 14.99M | 8.78M | 11.17M | 13.28M |
Cash Flow | ||||||
| Free Cash Flow | -5.19M | 6.28M | -9.99M | -5.19M | 2.49M | 2.51M |
| Operating Cash Flow | -3.18M | 7.38M | -9.08M | -3.18M | 5.05M | 3.62M |
| Investing Cash Flow | -1.13M | -1.03M | -807.00K | -1.13M | -2.55M | -3.22M |
| Financing Cash Flow | 8.01M | -4.39M | 8.18M | 8.01M | -3.63M | 2.31M |
Primech Holdings Ltd. Technical Analysis
Primech Holdings Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $1.87B | 63.66 | 22.58% | ― | 4.19% | 48.69% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | $342.38M | -57.17 | -1.17% | ― | 62.44% | -109.84% | |
54 Neutral | $82.60M | ― | -13.00% | ― | 2.52% | 45.76% | |
49 Neutral | $117.50M | -5.08 | ― | ― | -18.53% | ― | |
47 Neutral | $376.67M | -3.02 | ― | ― | -11.82% | -2.53% | |
45 Neutral | $25.34M | -1.94 | -47.70% | ― | -44.47% | -203.41% |
Primech Holdings Ltd. Corporate Events
On October 22, 2025, Primech Holdings Ltd. announced its participation in the Aramark Facilities Innovation Forum in Michigan, showcasing its HYTRON autonomous restroom cleaning robot. This participation highlights Primech’s growing recognition in the U.S. market, emphasizing HYTRON’s capabilities in improving hygiene standards and reducing operational costs. The event aligns with Primech’s Robotics-as-a-Service model, which aims to eliminate upfront costs for clients while ensuring recurring revenue. This strategic move is expected to accelerate Primech’s U.S. expansion and strengthen its position as a global innovator in hygiene automation.
On October 14, 2025, Primech Holdings Ltd. conducted its Annual General Meeting of Shareholders in Singapore, where all eleven proposed items were approved. Key decisions included the adoption of financial statements, re-election of directors, approval of directors’ fees, appointment of auditors, and authorization for share issuance and consolidation. These approvals reflect the company’s strategic focus on enhancing its governance structure and operational flexibility, potentially impacting its market positioning and shareholder value.
On October 16, 2025, Primech Holdings Ltd. announced a strategic Memorandum of Understanding with GAIB to tokenize its HYTRON autonomous cleaning robots, aiming to establish new AI Robotics-as-a-Service (ARaaS) business models. This collaboration will enable fractional ownership and create liquid secondary markets for robot investments, transforming traditional robot sales into recurring revenue streams. The partnership addresses Primech’s capital constraints by facilitating rapid scaling and international market expansion, enhancing operational efficiency, and reducing transaction costs.
On October 9, 2025, Primech Holdings Ltd. announced that its HYTRON autonomous cleaning robot achieved over 99% bacterial reduction in independent laboratory testing. This performance aligns with hospital-grade disinfectant standards in the U.S., positioning Primech to capitalize on the $76.7 billion U.S. commercial cleaning market. The company’s focus on AI-driven hygiene solutions and sustainability is expected to strengthen its industry leadership as the global commercial cleaning robotics market grows.
On September 29, 2025, Primech Holdings Ltd. announced that its subsidiary, Primech AI Pte. Ltd., successfully participated in CMS Berlin 2025, debuting its HYTRON AI robots. This event marked a significant milestone in the company’s global expansion, generating over 250 qualified inquiries from international clients and partners, showcasing the robots’ potential in the global facilities management market. The participation is part of HYTRON’s global World Tour, aimed at accelerating commercialization and securing strategic partnerships, with upcoming events in Tokyo and Las Vegas.
On September 18, 2025, Primech Holdings Ltd. announced its expansion into the North American market with the opening of its U.S. office in Edwardsville, Illinois. This strategic move aims to capitalize on the growing demand for AI-driven automated cleaning solutions in the $3.66 billion U.S. cleaning robot market, which is expected to grow at a CAGR of 22.7% through 2030. By establishing a presence in Illinois, Primech plans to efficiently scale its operations across major American markets, positioning itself as a leader in providing innovative, labor-reducing cleaning technologies to sectors such as education, healthcare, hospitality, and retail.
Primech Holdings Ltd. has announced its Annual General Meeting (AGM) of Shareholders, scheduled for October 14, 2025, in Singapore. The AGM will address routine business matters such as the adoption of financial statements, re-election of directors, approval of directors’ fees, and the appointment of auditors. Additionally, special business will include resolutions to authorize the issuance of new ordinary shares in connection with the company’s initial public offering and listing on Nasdaq. The outcomes of these resolutions could significantly impact the company’s financial operations and market positioning.
On August 28, 2025, Primech Holdings Limited announced that its subsidiary, Primech AI Pte. Ltd., signed a Memorandum of Understanding with Savills Property Management Ltd. to expand the distribution of its HYTRON autonomous cleaning robots in Greater China. This partnership aims to enhance Primech AI’s market penetration through Savills’ strategic market insights and distribution networks, focusing on scalable Robotics-as-a-Service models to meet the growing demand for automation in facility management.
On August 26, 2025, Primech Holdings Limited announced that its subsidiary, Primech A&P, secured a significant multi-year cleaning services contract with a leading polytechnic in Singapore, valued at approximately US$19.6 million. This contract, which involves deploying advanced robotics like the AI-powered HYTRON bathroom cleaning robot, underscores the company’s commitment to innovation and strengthens its position in Singapore’s premium facility services market. The win also expands Primech A&P’s client portfolio, which includes government facilities, major airports, and commercial properties, highlighting its expertise in technology-enhanced facility operations.
Primech Holdings Ltd. announced its fiscal year 2025 results on July 24, 2025, highlighting a 2.5% revenue growth to $74.3 million and a narrowed net loss by 40% to $2.2 million. The company emphasized its transformation into a technology-first organization with the launch of HYTRON AI-powered cleaning robots and a global expansion strategy, securing over $18.9 million in new contracts and achieving industry recognition. With a contracted revenue backlog of $120.8 million, Primech is positioned to capture significant market share in the global service robotics sector.