PlayNitride reports its financial results for Q1 2025, with a 45% rise in revenues
Taiwan-based MicroLED developer PlayNitride announced its financial result for Q1 2025, with revenues of 299 million TWD (about $9.8 million USD), up 4%5 from Q1 2024 (205 million TWD). The net loss was about $1.7 million, down from $2.8 million last year.
At the end of the quarter, PlayNitride reported it had about $106 million USD in cash and equivalents. A couple of months ago PlayNitride secured 800 million NTD ($24.3 million USD) in a convertible bond private placement (the company also raised 800 million NTD in a bonds issue towards the end of 2024).