Damon provides operational business update and reports fy25 q2 results

Vancouver, bc , feb. 18, 2025 /prnewswire/ - damon inc. (nasdaq: dmn) ("damon" or the "company"), a designer and developer of electric motorcycles and other personal mobility products that seek to empower the personal mobility sector through innovation, data intelligence and strategic partnerships, is providing this operational business update and overview of its financial results for the quarter ended december 31, 2024. fy25 q2 accomplishments and highlights: the company became publicly traded on nasdaq under the symbol dmn co-founder dominique (dom) kwong appointed as interim ceo and shashi tripathi appointed as chairman of the board to drive operational excellence and accelerate execution of the company's business plans launched damon 2.0 strategy focused on expanding total addressable market while accelerating and diversifying potential revenue generation through multiple channels progressed to asset/capital-light partnership model to support sustainable growth strategy established four core potential revenue verticals: data intelligence, personal mobility, licensing and engineering services, and special projects improved balance sheet position compared to prior year through conversion of convertible debt secured $10 million equity line of credit financing facility "in q2, damon executed pivotal strategic shifts, including key leadership transitions and the introduction of our damon 2.0 strategy," said dominique kwong, interim ceo of damon.
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