Iczoom Group Inc

Earnings data Q1 2024

ICZOOM Group, Inc. is an offshore holding company, which engages in conducting operations in China through its subsidiaries and engages in the sales of electronic component. It mainly does business through e-commerce trading platforms and sells two categories of electronic component products-semiconductor products and electronic equipment, tools and other products. The company semiconductor products primarily include various integrated circuit, discrete, passive components, optoelectronics, and equipment, tools and other electronic component products primarily include various electromechanical, maintenance, repair & operations (“MRO”), and various design tool. Its products are widely used by SMEs in the consumer electronic industry, Internet of Things (“IoT”), automotive electronics and industry control segment. The company also provides services to customers such as temporary warehousing, logistic and shipping, and customs clearance. The company was founded by Lei Xia and Duan Rong Liu on June 23, 2015 and is headquartered in Shenzhen, China.

HONG KONG , Oct. 18, 2024 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic component products e-commerce platform, announced that its wholly-owned subsidiary, Hjet Supply Chain Co., Ltd., ranked 390th among Shenzhen Top 500 Enterprises in 2024 as collectively released by Shenzhen Enterprise Confederation, Shenzhen Entrepreneurs Association and Qianzhan Industry Institute in the 2024 Shenzhen Top 500 Enterprises Development Report.

ICZOOM Recognized Among Shenzhen Top 500 Enterprises List

HONG KONG , Sept. 30, 2024 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic component products e-commerce platform, announced that ICZOOM ranked 49th among Top 100 Enterprise in China's Internet Industry, announced by well-known industrial internet media "B2B Inner Reference", Industrial Internet Insights, and Industrial Internet Innovation Research Institute.

ICZOOM Ranked 49th Among Top Enterprise in China's 2024 Internet Industry and The CEO, Mr. Lei Xia, Recognized as One of 2024 China Internet Industry Leaders

HONG KONG , Aug. 30, 2024 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic component products e-commerce platform, announced that ICZOOM Participated in ELEXCON 2024 Shenzhen International Electronics Exhibition and Achieves a Successful Conclusion. From August 27th to 29th, the ELEXCON 2024 Shenzhen International Electronics Exhibition grandly opened at the Shenzhen Futian Exhibition Center.

ICZOOM Successfully Exhibits and Achieves Resounding Success at ELEXCON 2024 Shenzhen International Electronics Expo

HONG KONG , Aug. 29, 2024 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company"), a B2B electronic component products e-commerce platform, announced that it has received written notice (the "Compliance Notice") from the Nasdaq Stock Market LLC ("Nasdaq") informing the Company that it has regained compliance with Nasdaq Listing Rules 5620 (the "Annual Shareholder Meeting Requirement"). As previously announced, on July 9, 2024, the Company received written notice from the Nasdaq notifying the Company that it was not in compliance with Nasdaq Listing Rule 5620(a), which requires that Nasdaq-listed companies hold an annual meeting of shareholders within twelve months of their fiscal year end.

ICZOOM Group Inc. Regains Compliance with Nasdaq's Annual Shareholder Meeting Requirement

HONG KONG , May 28, 2024 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic component products e-commerce platform, announced that the "ICZOOM & WeBank Supply Chain Finance Strategic Cooperation Signing Ceremony" was held at the headquarters of ICZOOM in Shenzhen on 27th May, which marked the official launch of cooperation between the two parties in the field of supply chain finance. The strategic cooperation with WeBank further enhances ICZOOM's role as a bridge in the industry chain.

ICZOOM & WeBank signed the Supply Chain Finance Strategic Cooperation Agreement

HONG KONG , April 29, 2024 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM") today filed an amendment to its Annual Report on 20-F for the fiscal year ended June 30, 2023 (the "Original Form 20-F"), solely for the purposes to revise certain disclosures regarding the legal and operational risks in China and PRC regulations. The amendment to the Original Form 20-F (the "Form 20-F/A") did not modify or update in any way disclosures made in the Original Form 20-F with respect to the Company's business or operations, financial results, financial statements or others, except for solely the revisions of certain disclosures of risk factors in connection with doing business in China.

ICZOOM Filed the 20-F Amendment to Revise Certain Legal Risk Disclosures

HONG KONG , April 17, 2024 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), announced today that it voluntarily requested a withdrawal of a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission (File No.333-275708, the "Registration Statement") and accordingly cancelled the proposed public offering pursuant to the Registration Statement . The cancellation results from an assessment by Company's management that current market pricing is not conducive for an offering that would be in the best interests of the Company or its shareholders.

ICZOOM Announces Cancellation of Proposed Public Offering

HONG KONG , March 25, 2024 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic component products e-commerce platform, announced today that it is celebrating the one-year anniversary of its listing on the Nasdaq. Since listing on the Nasdaq on March 15, 2023, ICZOOM has continued to upgrade its proprietary self-developed SAAS system to enhance its platform services.

ICZOOM Celebrates First Listing Anniversary on Nasdaq

HONG KONG, March 18, 2024 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic component products e-commerce platform, announced today that the Company has upgraded the risk control of its SAAS system to enhance its customer service capabilities and improve the quality and security of customer transactions. ICZOOM's electronic trading platform has undergone a system upgrade to provide a more secured trading environment for clients on the trading platform by improving the company's business risk deployment and control nodes.

ICZOOM Announces Upgrade The Risk Control Of The SAAS System To Improve Service Quality And Security

HONG KONG , Jan. 4, 2024 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic component products e-commerce platform, announced today that the Company has completed an extensive SaaS enhancement of its one-stop components procurement platform to support customer growth. ICZOOM's SaaS enhancement further integrates R&D, operations, financial accounting and intelligent management systems for more efficient and streamlined enterprise workflow transactions.

ICZOOM Announces SaaS Enhancement of One-Stop Components Procurement Platform to Support Customer Growth

HONG KONG , Dec. 20, 2023 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic component products e-commerce platform, announced today that the Company was awarded The Most Popular IPO Company with Investors at Zhitong Finance's Capital Market Annual Conference and Listed Company Award Ceremony. ICZOOM beat out more than 1,000 other listed companies in Hong Kong and the United States to win the prestigious award in recognition of the Company's growth, market influence, capital market performance since its IPO listing, industry ranking, corporate governance, social influence, ESG achievements and several other factors.

ICZOOM Awarded Most Popular IPO Company with Investors

HONG KONG , Nov. 21, 2023 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic component products e-commerce platform, announced today that the Company was named to the influential 2023 China Top 100 Industrial Digitization List. ICZOOM received the prominent award along with Alibaba B2B, Ouyeel Yunshang, Guolian Co., Ltd.

ICZOOM Named to Influential 2023 China Top 100 Industrial Digitalization List

HONG KONG , Nov. 14, 2023 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic component products e-commerce platform, announced today that the Company's CEO, Mr. Lei Xia, will present to institutional investors at The Benchmark Company's 12th Annual Discovery One-on-One Conference.

UPDATE: ICZOOM to Present at Benchmark Company's Annual Investor Conference

HONG KONG , Nov. 9, 2023 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic component products e-commerce platform, announced today that the Company was named Outstanding e-Commerce Platform of the Year at the prestigious Global IC & Component Exhibition and Conference, IIC Shenzhen 2023. This marks the seventh consecutive year the Company has been named Outstanding e-Commerce Platform of the Year by the major global IC and component exhibition and conference.

ICZOOM Named Outstanding e-Commerce Platform of the Year at Prestigious Global IC & Component Exhibition and Conference, IIC Shenzhen 2023; Company Also Wins Global Electronic Component Distributor Excellence Award

HONG KONG, Oct. 9, 2023 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic component products e-commerce platform, announced today that the Company's CEO, Mr. Lei Xia, will present to institutional investors at The Benchmark Company's 12th Annual Discovery One-on-One Conference.

ICZOOM to Present at Benchmark Company's Annual Investor Conference

Highly Scalable, Asset-Light Business at the Epicenter of the Global Semiconductor Market Driving Growth and Profitability HONG KONG , Sept. 18, 2023 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic component products e-commerce platform, today provided details on the Company's accelerated growth and steady market expansion strategy, as the Company leverages its strengthened balance sheet and fortified global brand following its successful listing on Nasdaq earlier this year.

ICZOOM Details Accelerated Growth and Steady Market Expansion Strategy

HONG KONG , Aug. 24, 2023 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic component products e-commerce platform, announced today that the Company's CEO, Mr. Lei Xia, will present at H.C.

ICZOOM to Present at H.C. Wainwright's 25th Annual Global Investment Conference

-The company sustained positive net income for the six months ended December 31, 2022 - HONG KONG, July 20, 2023 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic component products e-commerce platform, with its financial year ends on June 30 annually, has released its interim unaudited consolidated financial statements for the six months ended December 31, 2022. A full version of the report is available at the Company's website at http://ir.iczoomex.com/index.html or the SEC's website at www.sec.gov.

ICZOOM Group Inc. Released 2023 Interim Financial Results

SHENZHEN, China , June 7, 2023 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic component products e-commerce platform, announced today that the Company's key executives will participate and present virtually in both group presentations and private one-on-one meetings with analysts and investors at the Sidoti & Company June Small-Cap Virtual Conference on Thursday, June 15, 2023. The Company's group presentation will begin at 9:15 a.m.

ICZOOM Group Inc. to Present Virtually at the Sidoti June Small-Cap Virtual Conference on June 14 and 15, 2023

SHENZHEN, China , June 2, 2023 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic component products e-commerce platform, today announced Shenzhen Yongyutai Electronics Co., Ltd ("KUU & YONGYUTAI"), a reputable manufacturer of discrete electronic components with wide applications in fields including robotics, security, communication, auto, and medical equipment, joined Company's B2B online platform as a registered supplier. The Company's disrupted e-commerce platform connects small and medium-sized enterprises ("SMEs") across China in the consumer electronics, Internet of Things ("IoT"), automotive electronics and industry control segment with global suppliers of electronic components products by providing comprehensive solutions with regards to product offerings, real-time pricing, product searching, discount negotiation and relevant services.

ICZOOM Group Inc. Welcomes KUU & YONGYUTAI Onto Its Electronic Component E-Commerce Platform

SHENZHEN, China , May 24, 2023 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B e-commerce trading platform primarily engaged in sales of electronic component products in Hong Kong and mainland China, announced today that the Company's CEO, Mr. Lei Xia, will present in both group presentation and private one-on-one meetings with analysts and investors at the LD Micro Invitational XIII Conference from June 6 to June 8, 2023 at The Luxe Sunset Boulevard Hotel in Los Angeles, California.

ICZOOM Group Inc. to Present at LD Micro Invitational XIII Conference

SHENZHEN, China , April 26, 2023 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B e-commerce trading platform primarily engaged in sales of electronic component products in Hong Kong and mainland China, today announced it plans to launch an online financing program (the "Program") designed to address the financing needs for small and micro enterprises ("SMEs") on its platform. The Program will incorporate a fund matching service module into the Company's SaaS system, enabling the SMEs to log on to ICZOOM's SaaS platform to access financing products of commercial banks and financial institutions that are partnered with ICZOOM to post their products on its platform.

ICZOOM Group Inc. to Launch an Online Financing Program to Serve Small and Micro Enterprises

SHENZHEN, China , April 25, 2023 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B e-commerce trading platform primarily engaged in sales of electronic component products in Hong Kong and mainland China, today announced it has changed its independent auditor from Friedman LLP ("Friedman") to Audit Alliance LLP ("Audit Alliance"). After careful consideration and evaluation, the Company appointed Audit Alliance and the decision was approved by the Company's Board of Directors and the Audit Committee, effective April 3, 2023.

ICZOOM Group Inc. Announces Change of Independent Auditor

SHENZHEN, China , April 14, 2023 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B e-commerce trading platform primarily engaged in sales of electronic component products in Hong Kong and mainland China, today announced the upgrade of its artificial intelligence ("AI") customer service system (the "System") utilized on its B2B trading platform as part of the Company's commitment to innovative technology. The System is designed to enhance customer service quality and efficiency in order to strengthen the Company's competitive advantages in the industry.

ICZOOM Group Inc. Upgrades AI Customer Service System to Enhance Service Quality and Efficiency

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Though there were no large launches or pricings, three issuers on file to raise $100+ million disclosed updated financials. Three small IPOs and one SPAC submitted initial filings this past week.

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