Ridgetech, Inc. Confirms 1-for-150 Share Split to Enhance Market Position Ridgetech, Inc. has announced a 1-for-150 reverse share split to be effective on April 7, 2026, aimed at improving its share price and market position.

Ridgetech, Inc. Confirms 1-for-150 Share Split to Enhance Market Position #Hangzhou #Cayman_Islands #Ridgetech #RDGT

Ridgetech, Inc. Announces 1-for-150 Reverse Share Split HANGZHOU, China, April 3, 2026/ PRNewswire/-- Ridgetech, Inc., a Cayman Islands exempted company, a wholesale distributor of pharmaceutical and other healthcare products in China, today announced that it expects to implement a 1- for-150 reverse share split on its ordinary shares effective Tuesday, April 7, 2026 at 5:00 p.m. Eastern Time, with trading to begin on a...

#CJJD #RDGT Ridgetech, Inc. Announces 1-for-150 Reverse Share Split

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Ridgetech Unveils 2026 Dual-Engine Growth Strategy to Drive Innovation and Value Creation Ridgetech (Nasdaq: RDGT) unveiled a 2026 dual-engine growth strategy driving supply chain integration across its wholesale distribution, B2B platform Allright, and franchise system. The plan targets >300,000 Allright customers, 30% YoY new B2B customer growth, and online penetration above 30%, while tightening compliance, procurement, and rebate controls.The company will integrate Jiuxin Medicine's supply chain onto Allright to reduce layers, speed response, and improve turnover efficiency, aiming to boost scale and brand value through digital and offline synergies.

#RDGT Ridgetech Unveils 2026 Dual-Engine Growth Strategy to Drive Innovation and Value Creation

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Ridgetech, Inc. Reports Fiscal Year 2025 Financial Results Ridgetech (NASDAQ:RDGT) reported its fiscal year 2025 results, marked by strategic transformation. Revenue reached $119.97 million, a slight decrease of 3.2% from the previous year. The company reported net income of $10.20 million ($1.84 per share), compared to a net loss of $4.23 million in FY2024.Key developments include the divestiture of retail pharmacy operations and the acquisition of Ridgeline and Allright, marking expansion into online wholesale distribution. The newly acquired online platform contributed 1% of total revenue with a 7.4% gross margin. Overall gross margin decreased to 3.2% from 3.9% year-over-year, while sales and marketing expenses increased by 64.2%.The company's cash position strengthened to $12.78 million as of March 31, 2025, up from $2.30 million the previous year, with operating activities providing $1.25 million in cash flow.

#RDGT Ridgetech, Inc. Reports Fiscal Year 2025 Financial Results

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