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Tungray Technologies Inc Reports Unaudited 2024 First Half Financial Results

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SINGAPORE, Dec. 31, 2024 /PRNewswire/ — Tungray Technologies Inc (“Tungray” or the “Company”), a global Engineer-to-Order (ETO) company, today reported its unaudited financial results for the six months ended June 30, 2024.

First Half 2024 Financial Highlights

Total revenues for the six months ended June 30, 2024 increased by 1.5% to $5.4 million, compared to $5.3 million in the same period of 2023.Gross margin for the six months ended June 30, 2024 was 46.7%, compared to 53.5% for the same period in 2023.Operating loss for the six months ended June 30, 2024, was $0.9 million, compared to an operating income of $0.1 million for the same period in 2023.Net loss for the six months ended June 30, 2024, was $0.8 million, compared to net income of $0.2 million for the same period in 2023.

Recent Developments and Strategic Highlights:

Cost-Cutting Measures:
The Company has implemented targeted cost control actions aimed at reducing expenses, enhancing operational efficiency, and renegotiating supplier contracts.

These actions include:

Identifying and utilizing high-trade volume suppliers.Leveraging volume to negotiate favorable rates for common-use components.

Revenue Enhancement:
To drive sales growth, the Company is exploring potential horizontal strategic partnerships to access new, high-value capabilities.

These initiatives include:

Introducing new lines of business through potential partnerships with existing companies.Utilizing the “market-for-tech” model to leverage Singapore’s hub position for regional business expansion.Exploring technologies and services such as metal 3D printing for precision engineering, standardized manufacturing of medical components, and contract repair work for aviation components, such as aircraft engine fan blades and turbines.Enhancing sales and market penetration by hiring a dedicated business-focused market and sales manager. This initiative will focus on:Increasing market penetration of non-printer related markets in the Southeast Asia (SEA) region.Focusing primarily on the semiconductor, automotive and non-printer related consumer product sectors.

Restatement of Previously Issued Financial Statements

During the course of preparing the unaudited condensed consolidated financial statements for the six months ended June 30, 2024, the Company identified misstatements in its previously issued consolidated financial statements for the six months ended June 30, 2023 as below, and as a result the Company has restated the previously issued consolidated financial statements for the six months ended June 30, 2023 in accordance with ASC 250 Accounting Changes and Error Corrections, to reflect the effects of the restatement adjustments and to make certain corresponding disclosures.

The categories of adjustments and their impacts on previously issued financial statements are described below and identified in the column entitled “Reference”:

a. The Company failed to record the correct income tax expense, taxes payable and retained earnings due to improper identification of non-deductible expenses which were not detected because of not performing a reconciliation between the financial statements and tax return. Such failure has resulted in the misstatements of “Income tax expense”, “Net income attributable to Tungray Technologies Inc”, and “Foreign currency translation adjustment” for the six months ended June 30, 2023. The impact to the accumulated other comprehensive loss and foreign currency translation adjustment was a result of the foreign currency translation difference to the misstatement.

b. The Company failed to take the purchase option into consideration for the finance lease and used the incorrect useful life for the assets amortization. Such failure has resulted in the misstatement of “Cost of revenue”, “Net income attributable to Tungray Technologies Inc” and “Foreign currency translation adjustment” for the six months ended June 30, 2023. The impact to the accumulated other comprehensive loss and foreign currency translation adjustment was a result of the foreign currency translation difference to the misstatement.

The effects of restatement adjustments to the line items are as below:

For the six months ended June 30,

2023

As previously

reported

Adjustment

 Reference 

As restated

Cost of revenues

$

2,480,629

$

12,590

 b

$

2,493,219

Income tax expense

(88,638)

(16,853)

 a

(105,491)

Foreign currency translation adjustment

(305,719)

12,507

a, b

(293,212)

Management Commentary

Mr. Wanjun Yao, Chairman and Chief Executive Officer of Tungray, commented, “This year, we faced challenges that impacted our year-over-year performance, particularly in revenue growth and profit margins. To remain viable amidst the price competition, we are implementing aggressive cost-cutting measures and seeking efficiencies in production. In addition, to complement our cost-cutting measures, we are also exploring new revenue streams and focusing on higher-margin products to improve profitability.”

“Despite significant headwinds from fierce price competition, our commitment to innovation and quality improvements remains unchanged, and we remain focused on delivering sustainable growth and innovation as our long-term strategy. During this reporting period, we expensed $0.4 million in R&D expenses, a slight increase compared to the same period last year. We are confident that our ongoing initiatives will position us well when market conditions improve.”

“As we move forward, we are dedicated to adapting to the evolving market landscape. To enhance Tungray’s business portfolio and adapt to high-growth markets, we are actively exploring 3D metal printing solutions tailored for high-end sectors such as commercial aviation, offshore marine, and oil & gas industries in which Singapore serves as a strategic hub. We believe potential expansion into 3D metal printing will complement our current product and service offerings and positions us to compete well in the provision of advanced, precision-engineered components. We are confident that this strategic initiative will elevate Tungray’s market presence, generate new revenue streams, and ultimately create greater value for our shareholders. We anticipate that the steps we’re taking now will yield improvements and help us return to a sustained growth trajectory in the upcoming years.”

First Half 2024 Financial Results

Total Revenues

Total revenues increased slightly by 1.5% to $5.4 million for the six months ended June 30, 2024, compared to $5.3 million for the six months ended June 30, 2023.

Revenues from customized products increased by $0.5 million or 11.6% for the six months ended June 30, 2024, primarily driven by the delivery of a major customization project during the period.Revenues from standardized products decreased by $0.4 million, or 30.5% for the six months ended June 30, 2024, mainly due to the impact of increasing industry competition resulting in lower sales pricing.

Cost of Revenues

Total costs increased by 16.2% to $2.9 million for the six months ended June 30, 2024, compared to $2.5 million for the six months ended June 30, 2023. 

The cost of revenues for customized products rose by $0.6 million, or 31.3% for the same period ended June 30, 2024, in line with the revenue increase.The cost of revenues for standardized products decreased by $0.2 million, or 21.1% for the same period ended June 30, 2024, corresponding with the revenue decline due to increased industry competition.

Gross Profit

Gross profit was $2.5 million for the six months ended June 30, 2024, representing a decrease of 11.4% year over year from $2.9 million for the six months ended June 30, 2023. Gross margin was 46.7% for the six months ended June 30, 2024, compared to 53.5% for the same period in 2023. The decrease in gross profit and gross margin was mainly due to the increase of raw materials and labor costs.

Gross profit for customized products was $2.2 million for the six months ended June 30, 2024, a decrease of 3.6% as compared to $2.3 million for the six months ended June 30, 2023. Gross margin for customized products was 48.6% for the six months ended June 30, 2024, and 56.3% for the six months ended June 30, 2023.Gross profit for standardized products was $0.3 million for the six months ended June 30, 2024, a decrease of 42.1% as compared to $0.6 million for the six months ended June 30, 2023. Gross margin for standardized products was 37.2% for the six months ended June 30, 2024, and 44.6% for the six months ended June 30, 2023.

Operating Expenses

Total operating expenses were $3.5 million for the six months ended June 30, 2024, representing an increase of 26.5% year over year from $2.8 million for the six months ended June 30, 2023.

Selling expenses increased by $0.1 million or 38.8% from $0.2 million for the six months ended June 30, 2023 to $0.3 million for the six months ended June 30, 2024. The increase was mainly due to an increase of advertisement expense for business expansion.General and administrative expenses increased by $0.6 million or 29.8% from $2.1 million for the six months ended June 30, 2023 to $2.7 million for the six months ended June 30, 2024. The increase was mainly attributed to a $0.5 million increase in salary and benefits for talent retention, as well as a $0.1 million increase in professional service fee related to the Company’s initial public offering during the six months ended June 30, 2024 as compared with the same period last year.R&D expenses increased slightly by 3.8% for the six months ended June 30, 2024 as compared with the same period last year. The increase was consistent with the R&D plan the Company previously set out.

(Loss) Income from operations

Loss from operations was $0.9 million for the six months ended June 30, 2024, compared to income from operations of $0.1 million for the six months ended June 30, 2023.

Other Income, net

Total other income was $0.2 million for the six months ended June 30, 2024 and 2023.

Income tax expense

Income tax expense increased by approximately $20,000 or 19.6%, from $0.1 million for the six months ended June 30, 2023 to $0.1 million for the six months ended June 30, 2024.

Net (Loss) Income

Net loss was $0.8 million for the six months ended June 30, 2024, compared to net income of $0.2 million for the six months ended June 30, 2023.

About Tungray Technologies Inc

Tungray Technologies Inc is an Engineer-to-Order (ETO) company that provides customized industrial manufacturing solutions to original equipment manufacturers (OEMs) in the semiconductors, printers, electronics, and home appliances industries. With research, development and manufacturing bases in Singapore and China, Tungray designs, develops, and delivers a wide range of industrial products ranging from customized manufacturing machineries, direct drive and linear direct current motors, to induction welding equipment. As an ETO company with more than two decades of experience, Tungray takes pride in its ability to deliver quality customized industrial solutions that fulfil its customers’ unique needs and specifications. For more information, visit the Company’s website at http://tungray.com/.

Forward-Looking Statements

All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.

For more information, please contact:

Investor Relations:
Bill Zima
Email: tungray@icrinc.com

Tungray Technologies Inc and Subsidiaries

Unaudited Condensed Consolidated Balance Sheets

(Stated in U.S. Dollars, except for share data, or otherwise noted)

As of

June 30, 2024

As of

December 31, 2023

As Restated

ASSETS

CURRENT ASSETS

Cash

$

9,965,474

$

10,802,405

Accounts and notes receivable, net

2,732,116

3,574,739

Accounts receivable – related parties

295,487

319,589

Inventories, net

1,424,207

2,283,809

Prepayments, net

831,679

259,950

Prepayments – related parties

1,462,583

1,048,745

Other receivables and other current assets, net

805,048

215,651

Other receivables – related parties

461,924

23,816

Total current assets

17,978,518

18,528,704

PROPERTY AND EQUIPMENT, NET

6,184,336

6,326,369

OTHER ASSETS

    Prepaid expenses and deposits

79,592

23,163

Prepayment for land use right

1,988,386

Long-term investment

206,407

211,271

Operating right-of-use assets

1,594,282

712,261

Intangible assets, net

72,884

55,842

Deferred initial public offering (“IPO”) costs

1,192,734

Total non-current assets

3,941,551

2,195,271

Total assets

28,104,405

27,050,344

LIABILITIES AND SHAREHOLDERS’ EQUITY

CURRENT LIABILITIES

Accounts payable

1,280,101

1,048,271

Accounts payable – related parties

515,276

498,923

Contract liabilities

3,859,463

4,010,832

Accrued expenses and other payables

965,192

1,289,941

Other payables – related parties

284,235

670,866

Current portion of banking facilities

156,654

140,162

Current portion of operating lease liabilities

236,305

46,232

Current portion of operating lease liabilities – related party

269,960

123,094

Taxes payable

635,216

1,206,141

Total current liabilities

8,202,402

9,034,462

OTHER LIABILITIES

Banking facilities

1,810,412

1,951,389

Operating lease liabilities

769,997

10,603

Operating lease liabilities – related party

228,627

339,450

Total other liabilities

2,809,036

2,301,442

Total liabilities

11,011,438

11,335,904

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS’ EQUITY

Class A ordinary shares ($0.0001 par value; 400,000,000 and 400,000,000 shares authorized as of June 30, 2024 and December 31, 2023, respectively; 11,793,485 and 10,440,000 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively)

1,179

1,044

Class B ordinary shares ($0.0001 par value; 100,000,000 and 100,000,000 shares authorized as of June 30, 2024 and December 31, 2023, respectively; 4,560,000 and 4,560,000 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively)

456

456

Additional paid-in capital

3,135,124

332,574

Retained earnings

14,716,555

15,530,562

Statutory reserves

248,761

248,761

Accumulated other comprehensive loss

(913,916)

(284,444)

Total Tungray Technologies Inc shareholders’ equity

17,188,159

15,828,953

NONCONTROLLING INTERESTS

(95,192)

(114,513)

TOTAL EQUITY

17,092,967

15,714,440

Total liabilities and equity

$

28,104,405

$

27,050,344

 

Tungray Technologies Inc and Subsidiaries

Unaudited Condensed Consolidated Statements of Income (Loss) and Comprehensive Loss

(Stated in U.S. Dollars, except for share data, or otherwise noted) 

For the six months ended

June 30,

2024

2023

(Unaudited)

As Restated

(Unaudited)

Revenue – products

$

5,435,786

$

5,313,634

Revenue – related party

42,790

Total revenues

5,435,786

5,356,424

Cost of revenue – products

2,897,866

2,460,361

Cost of revenue – related party

32,858

Total cost of revenues

2,897,866

2,493,219

Gross profit

2,537,920

2,863,205

Operating expenses:

Selling expenses

300,122

216,168

General and administrative expenses

2,735,835

2,106,952

Research and development expenses

447,234

430,809

Total operating expenses

3,483,191

2,753,929

(Loss) Income from operations

(945,271)

109,276

Other income

Other income, net

172,687

128,614

Lease income – related party

9,855

10,263

Financial expenses, net

44,262

22,074

Total other income, net

226,804

160,951

(Loss) Income before income taxes

(718,467)

270,227

Income tax expense

(126,219)

(105,491)

Net (loss) income

(844,686)

164,736

Less: net loss attributable to noncontrolling interests

(30,679)

(38,426)

Net (loss) income attributable to Tungray Technologies Inc

(814,007)

203,162

Net (loss) income

(844,686)

164,736

Foreign currency translation adjustment

(629,472)

(293,212)

Comprehensive loss

(1,474,158)

(128,476)

Less: comprehensive loss attributable to noncontrolling interests

(30,679)

(36,732)

Total comprehensive loss attributable to Tungray Technologies Inc

(1,443,479)

(91,744)

Weighted average number of common shares outstanding – basic and diluted

15,539,074

15,000,000

(Loss) Earnings per common share – basic and diluted

(0.05)

0.01

 

View original content:https://www.prnewswire.com/news-releases/tungray-technologies-inc-reports-unaudited-2024-first-half-financial-results-302340750.html

SOURCE Tungray Technologies Inc

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Joyson Electronics Unveils Embodied AI Core Component Portfolio, Including Dexterous Robotic Hand and Solid-Liquid Hybrid Battery, at WAIC 2026

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SHANGHAI, July 17, 2026 /PRNewswire/ — Joyson Electronics (600699.SH/0699.HK) announced at the 2026 World Artificial Intelligence Conference (WAIC) a suite of robotic component solutions, including a dexterous robotic hand, solid-liquid hybrid battery, third-generation AI head assembly, electronic skin, and an embodied AI brain – alongside its latest achievements in industrial settings training and application. In addition, the company’s robot controller products are already in volume production and being delivered to leading robotics firms.

Dexterous Robotic Hand Integrates Multiple Industry-Exclusive Technologies; AI Head Assembly Ready for Rapid Mass Production

The dexterous robotic hand is often regarded as the “crown jewel” of robotics – owing to its high level of integration across a broad range of frontier disciplines, among them bionics, flexible sensing, MEMS, and advanced materials – and its significant commercial value.

At WAIC, Joyson Electronics introduced its first fully in-house developed “TeleHand” series of dexterous hand solutions. The TeleHand Professional Edition features an industry-exclusive “in-palm integration + hybrid actuation” architecture, directly addressing key challenges such as standalone integrity, tactile sensing, compliant manipulation, and fine motion control.

With 20 degrees of freedom, the TeleHand integrates three actuation modes – direct drive, tendon-driven, and linkage – within the palm. This design not only combines the precision of direct drive with the compliance of tendon-driven mechanisms, but also delivers higher transmission efficiency and lighter weight, enabling easy adaptation to various robotic platforms.

The TeleHand is equipped with Joyson Electronics’ in-house developed actuators and force-tactile sensing technologies, including:

Ultra-compact, high-torque-density miniature frameless actuators, which reduce volume by nearly 50% and weight by approximately 30% compared to conventional models, while delivering 2–3 times higher torque density than industry-standard hollow-cup motors of the same diameter.In-house developed force and tactile sensing technology (electronic skin), featuring industry-exclusive natively decoupled three-dimensional force sensing, achieving resolution beyond human tactile limits, with high sensitivity, proximity detection, ultra-thin form factor, and flexibility – suitable for diverse dexterous hand and embodied intelligence applications.

The TeleHand PHINO platform’s native unified multimodal fusion architecture minimizes information loss and offers strong generalization capabilities, enabling the TeleHand to perform precision industrial operations while seamlessly supporting service-oriented interactive scenarios. In addition to the Professional Edition, Joyson Electronics also launched a cost-effective Basic Edition, which offers industrial-grade reliability and real-world deployment advantages through in-house factory batch deployment.

Meanwhile, Joyson Electronics unveiled its third-generation AI head assembly, which integrates perception, motion, and system-level capabilities to deliver more natural head movements and emotional expression. Designed with a production-ready mechatronic architecture, it enables rapid support from concept design and prototype validation to mass production. Its modular and platform-based design further allows for agile product customization and iteration to meet diverse customer requirements.

Joyson Electronics Debuts Embodied AI Brain; Controllers Already Shipping to Leading Customers

In the robotics “brain” domain (cerebrum and cerebellum), Joyson Electronics’ automotive-grade edge-side physical AI platform – its robot controller products – has already achieved commercial deployment and is now in volume production for leading robotics customers.

Furthermore, Joyson Electronics unveiled its embodied AI brain solution (EAOS + EAPC) – a unified, software-hardware-integrated platform designed for cross-form-factor and cross-scenario adaptability. The solution aims to make robots “easier to use, truly productive, and capable of autonomous evolution.”

The Embodied AI PC (EAPC) adopts an external form-factor design, built on a fused cerebrum-cerebellum controller architecture, with computing power ranging from 40 TOPS to 2070 TFLOPS, meeting diverse requirements from entry-level to flagship embodied AI systems. The product features a modular, integrated design with a compact footprint and superior thermal efficiency, enabling cross-platform and cross-environment adaptability. Leveraging Joyson Electronics’ automotive supply chain and manufacturing capabilities, the solution also offers significant cost competitiveness.

On the software side, the Embodied AI Operating System (EAOS) comprises three core subsystems:

World Model – responsible for “understanding”, encoding multimodal signals into unified state representations and using dynamic predictors to simulate and preview scenarios within the system.Agentic OS – responsible for “action”, formulating high-level strategies, decomposing complex tasks, dynamically orchestrating sub-agents, invoking skill libraries and tools, and translating decisions into precise motions across dexterous hands, robotic arms, and mobile chassis.Memory System – responsible for “evolution,” managing working memory for real-time context, episodic memory for past experiences, and skill memory for accumulated learned capabilities.

The EAOS enables robots to execute long-horizon, complex tasks and achieve autonomous evolution – translating into tangible productivity gains. To date, Joyson Electronics’ embodied AI brain has been deployed in real-world settings, including select industrial scenarios and automated charging.

Solid-Liquid Hybrid Battery: The Optimal Power Solution for Embodied Intelligence

Conventional energy solutions for embodied intelligence face multiple challenges – limited endurance, large footprint, long recharging times, and insufficient power capacity to support instantaneous high-current discharge. Battery safety also remains a critical factor for widespread adoption. The industry requires a fundamental breakthrough that simultaneously balances energy density, power density, and safety.

Solid-liquid hybrid batteries (semi-solid-state batteries) offer the optimal power solution for embodied intelligence and represent the only technological pathway capable of addressing all the above energy challenges at the current stage. At WAIC, Joyson Electronics introduced its “Crystal Energy” multi-form solid-liquid hybrid battery solution, delivering high performance and reliability:

Energy density significantly increased to 380 Wh/kgOverall endurance improved by approximately 60%Cycle life exceeding 2,000 cyclesWide operating temperature range from -20°C to 60°CSupports both wired and wireless charging, reaching 80% capacity in just 30 minutes

Complementing this is the Crystal Energy Ultra-Control BMS, which operates across a wide temperature range of -40°C to 105°C, featuring real-time cell monitoring, automotive-grade safety protection, and full-lifecycle health management – comprehensively enhancing the safety, durability, and energy efficiency of robotic power systems. Additionally, Joyson Electronics unveiled its first gallium nitride (GaN) motor driver, achieving conversion efficiency exceeding 95% while reducing size by 40% – positioning it at the forefront of the industry.

With robotics standing on the cusp of large-scale commercialization, Joyson Electronics is advancing its “self-development + investment” dual-drive strategy, expanding its presence in embodied intelligence, and accelerating breakthroughs in key technologies. Looking ahead, Joyson Electronics will leverage its global R&D, manufacturing capabilities, and industrial settings to drive the reliable, scalable, and cost-effective commercialization of robotic core components, helping accelerate the industry’s transition to mass adoption.

View original content:https://www.prnewswire.com/apac/news-releases/joyson-electronics-unveils-embodied-ai-core-component-portfolio-including-dexterous-robotic-hand-and-solid-liquid-hybrid-battery-at-waic-2026-302828890.html

SOURCE Joyson Electronics

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With the Launch of Next-Gen Vehicle Reports, Zoooom Breaks the Car History Monopoly and Stops the $40+ Consumer ‘Rip-Off’

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The first platform to pair deep vehicle history with real-time visual AI diagnostics for private-party sales—at a market-disrupting price.

CYPRESS, Calif., July 17, 2026 /PRNewswire/ — Zoooom, the pioneering peer-to-peer automotive technology platform, today announced the launch of Zoooom Car Reports, a direct, unprecedented reckoning for the legacy vehicle history monopoly. By offering the exact same volume of core historical and technical data as major traditional players — but adding real-time AI assessments and localized transactional intelligence — Zoooom is completely transforming the impact of car reports and dismantling its bloated pricing structure.

Zoooom Car Reports breaks the vehicle-history monopoly: same data, AI diagnostics, and a market-disrupting price.

For decades, a single vehicle history report could cost $40+. Because all major players rely on the exact same underlying datasets, Zoooom views this legacy pricing model as an outright consumer rip-off. Zoooom’s new initiative is rooted in its vision of democratizing automotive data and unlocking total transparency for everyday consumers.

Dismantling the Paywall: The Most Aggressive Pricing in Automotive Tech

To accelerate market adoption and empower consumers to gain confidence when transacting in the peer-to-peer marketplace, Zoooom is introducing a highly disruptive pricing structure:

Always Free for Your Own Vehicle: Any car registered in a user’s Zoooom Digital Garage receives full history reports completely free, without conditions. Zoooom is built on the core promise that no one should ever have to pay to access the data they already rightfully own.

The Summer Launch Offer: From now until August 31, 2026, users can run up to three comprehensive vehicle reports completely free of charge (see website for full conditions).

Zoooom Price Advantage: Starting September 1st, Zoooom will transition to a permanent, highly aggressive price positioning. While specific commercial tiers remain under wraps to protect Zoooom’s market edge, the post-summer pricing will permanently slash traditional industry rates, undercutting even basic budget data aggregators while delivering significantly higher technical value.

Zoooom Marketplace Plus Benefit: In a continuous commitment for service excellence, any buyer who runs a paid Zoooom report on a vehicle not saved in a Zoooom Digital Garage will receive a 100% refund on that report if they complete their transaction on the Zoooom marketplace using Stripe.

Zoooom Car Reports Goes Beyond with Advanced Features and a Unique Set of Data

While legacy reports rely entirely on lagging administrative logs, police reports, or DMV registrations, the Zoooom Car Report introduces a suite of modern, highly actionable features guiding potential buyers to make the right decision:

The “AI Walkaround” Integration: Users conduct a 60-second guided visual video scan of the car. Zoooom’s proprietary AI immediately analyzes the footage to capture real-time cosmetic wear (such as body scratches or interior cabin condition) and actively verifies instrument clusters to ensure no warning lights are illuminated, significantly enriching the depth of the historical report.

Actionable “What to Do Next” Framework: Instead of burying critical information in dense walls of text, Zoooom filters vehicle data into an immediate, prioritized checklist, explicitly flagging overdue services or open safety recalls.

NHTSA Owner Complaints Context: Zoooom cross-references the specific vehicle make and model year with broader consumer databases. By flagging recurring, owner-reported mechanical and electrical vulnerabilities, Zoooom arms buyers with critical preventative knowledge before they buy that is simply not mentioned in any other reports.

Localized Transaction & Tax Guidance: Unlike standard reports, Zoooom customizes the output based on the vehicle’s exact jurisdictional location, explicitly calculating estimated state sales taxes and outlining regional title notarization or transfer laws.

Integrated Pricing Guide: Estimated Private Party, Trade-in, and Dealer values are embedded directly into the history timeline, eliminating the need to cross-reference third-party valuation sites.

A Message from Leadership

“Zoooom continues to build unique capabilities that are fundamentally transforming the peer-to-peer car marketplace,” said Sheng Wang, CEO and Co-Founder of Zoooom. “With the launch of Zoooom Car Reports, Zoooom once again establishes itself as an indispensable player in the industry, leveraging data to create advanced, customer-centric AI features. By removing the friction of legacy systems and connecting buyers and sellers the way consumers expect, we are eliminating both the ‘trust deficit’ and the unnecessary middleman markups that have plagued this industry for too many years.”

“Charging consumers exorbitant prices for simple database queries is an outdated practice,” added Christophe G., Co-Founder and Chief Marketing Officer of Zoooom. “With Zoooom Car Reports, we are delivering a superior level of value for our customers and an unmatched product for a fraction of the cost. The Summer Launch Offer provides a unique opportunity for car sellers and buyers to engage with our brand and discover the most advanced peer-to-peer car marketplace in America. There has never been a better time to join the Zoooom community and benefit from our exclusive ecosystem.”

About Zoooom

Zoooom is an innovative automotive technology platform dedicated to bringing transparency, simplicity, and intelligence to the entire car ownership lifecycle. Leveraging proprietary technology, Zoooom develops user-centric solutions that break down traditional industry friction, creating a streamlined, cost-effective, and enjoyable experience for car owners, buyers, and sellers. Learn more at zoooom.me.

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SOURCE Zoooom, Inc.

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Community Healthcare Trust Announces Second Quarter Earnings Release Date And Conference Call

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FRANKLIN, Tenn., July 17, 2026 /PRNewswire/ — Community Healthcare Trust Incorporated (NYSE: CHCT) today announced that on Tuesday evening, August 4, 2026, after the market closes, it will report results for the second quarter of 2026. 

On August 5, 2026, at 9:00 a.m. Central Time, Community Healthcare Trust will hold a conference call to discuss earnings results, quarterly activities, general operations of the Company and industry trends. Simultaneously, a webcast of the conference call will be available to interested parties via an Internet link at www.chct.reit under the Investor Relations section. A webcast replay will be available following the call at the same Internet site address.

Conference Call Details

Domestic Dial-In Number: 1-888-347-1332

International Dial-In Number: 1-412-902-4278

Canada Toll Free: 1-855-669-9657

Replay Conference Call Details

Domestic & Canada Replay Number: 1-855-669-9658

International Replay Number: 1-412-317-0088

Conference ID: 9422138

About Community Healthcare Trust Incorporated

Community Healthcare Trust Incorporated (the “Company”) is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. As of March 31, 2026, the Company had investments of approximately $1.2 billion in 198 real estate properties (including one property with sales-type leases). The properties are located in 36 states, totaling approximately 4.5 million square feet in the aggregate.

Cautionary Note Regarding Forward-Looking Statements

In addition to the historical information contained within, the matters discussed in this press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “believes”, “expects”, “may”, “will,” “should”, “seeks”, “approximately”, “intends”, “plans”, “estimates”, “anticipates” or other similar words or expressions, including the negative thereof. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. Because forward-looking statements relate to future events, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the control of Community Healthcare Trust Incorporated (the “Company”). Thus, the Company’s actual results and financial condition may differ materially from those indicated in such forward-looking statements. Some factors that might cause such a difference include the following: general volatility of the capital markets and the market price of the Company’s common stock, changes in the Company’s business strategy, availability, terms and deployment of capital, changes in the real estate industry in general, interest rates or the general economy, adverse developments related to the healthcare industry, changes in governmental regulations, the degree and nature of the Company’s competition, the ability to consummate acquisitions under contract, catastrophic or extreme weather and other natural events and the physical effects of climate change, the occurrence of cyber incidents, effects on global and national markets as well as businesses resulting from increased inflation, changes in interest rates, supply chain disruptions, labor conditions, prolonged government shutdown or budgetary reductions or impasses, tariffs and global trade tensions, and/or international conflicts, and the other factors described in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and the Company’s other filings with the Securities and Exchange Commission from time to time. Readers are therefore cautioned not to place undue reliance on the forward-looking statements contained herein which speak only as of the date hereof. The Company intends these forward-looking statements to speak only as of the time of this press release and undertakes no obligation to update forward-looking statements, whether as a result of new information, future developments, or otherwise, except as may be required by law.

CONTACT: Bill Monroe, 615-771-3052

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SOURCE Community Healthcare Trust Incorporated

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