New Risk • May 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (31% average weekly change). Earnings have declined by 38% per year over the past 5 years. Market cap is less than US$10m (US$4.41m market cap). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). New Risk • Mar 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.40m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 38% per year over the past 5 years. Market cap is less than US$10m (US$9.40m market cap). Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to US$1.07, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 27x in the Electronic industry in the US. Total loss to shareholders of 14% over the past year. Board Change • Jan 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Stanley Yang was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • Jan 19
ICZOOM Group Inc. Announces Resignation of Qi (Jeff) as Independent Director and A Member of the Audit Committee, Compensation Committee, and Nominating Committee, Effective January 13, 2026 On January 13, 2026, Qi (Jeff) He informed the Board of Directors of ICZOOM Group Inc. (the “Company”) that he was resigning from his position as an independent director and a member of the Audit Committee, Compensation Committee, and Nominating Committee of the Company, effective January 13, 2026. The resignation was for personal reasons and was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment deteriorates as stock falls 35% After last week's 35% share price decline to US$1.67, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 27x in the Electronic industry in the US. Total returns to shareholders of 11% over the past year. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to US$2.45, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 25x in the Electronic industry in the US. Total returns to shareholders of 45% over the past year. New Risk • Dec 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 38% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$15.0m market cap). Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to US$1.15, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 25x in the Electronic industry in the US. Total loss to shareholders of 43% over the past year. Recent Insider Transactions Derivative • Nov 28
Co-Founder & Director notifies of intention to sell stock Duanrong Liu intends to sell 165k shares in the next 90 days after lodging an Intent To Sell Form on the 26th of November. If the sale is conducted around the recent share price of US$0.98, it would amount to US$162k. Since June 2025, Duanrong has owned 2.02m shares directly. There have been no trades via on-market transactions or options from company insiders in the last 12 months. お知らせ • Nov 12
ICZOOM Group Inc. Announces Management Changes ICZOOM Group Inc. announced the appointment of Ms. Hantao Cui as Chief Strategy Officer and a Director of the Company, effective November 11, 2025. Ms. Duanrong Liu will step down from her position as the Chief Operating Officer of the Company, effective November 11, 2025. Hantao Cui has served as Chief Executive Officer of Matrix Science & Technology (Shanghai) Limited since January 2011, where she leads a total solution provider specializing in custom-designed transportation packaging for industrial products. Ms. Cui also serves as a director at Streamline International Inc. From 2008 to 2010, Ms. Cui served as Marketing Director for APAC at MFG.com, a large online manufacturing marketplace, where she drove marketing strategy for the Asia-Pacific region. From 2002 to 2008, Ms. Cui was Greater China Marketing Manager and then the Corporate Marketing Manager at Global Sources, a leading B2B media company based in Shenzhen, China, where she managed corporate marketing initiatives. Ms. Cui holds a Master of Business Administration in International Management from Thunderbird School of Global Management at Arizona State University and a Bachelor of Science in Biology from East China Normal University. She is a certified Six Sigma Greenbelt and a member of the Beta Gamma Sigma Honor Society. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$1.63, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 24x in the Electronic industry in the US. Total loss to shareholders of 22% over the past year. New Risk • Oct 26
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings have declined by 38% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$23.1m market cap). お知らせ • Aug 29
ICZOOM Group Inc. Announces the Launch of PCB & SMT Services to Strengthen One-Stop Electronics Industry Solution at IIC Shenzhen 2025 ICZOOM Group Inc. successfully exhibited at the 2025 International Integrated circuit & Component Exhibition and Conference ("IIC Shenzhen 2025") held from August 26 to 28 at the Shenzhen Convention & Exhibition Center in Futian District. At the event, ICZOOM officially announced the launch of its integrated printed circuit board ("PCB") manufacturing and surface mount technology ("SMT") assembly services. Organized by AspenCore, a globally renowned electronics industry media organization, IIC Shenzhen 2025 brought together leading enterprises and professionals from the integrated circuit industry worldwide, serving as one of the most influential platforms for electronic component industry. ICZOOM and its subsidiary, Shenzhen Hjet Supply Chain Co. Ltd., have attracted attention at the exhibition by showcasing their e-commerce platform and supply chain service capabilities. ICZOOM officially announced its launch of PCB and SMT services at the event. This initiative marks ICZOOM's expansion beyond component distribution into manufacturing services, which establishes a more comprehensive profit model and service loop, and enhance its vision of a "One-Stop Electronics Manufacturing Solution." ICZOOM will leverage its industry network and experience to partner with high-quality manufacturers in the industry to integrate PCB and SMT services into its existing one-stop order fulfilment services, which will provide customers with full-process services ranging from electronic component procurement, customs declaration, smart warehousing and PCB manufacturing to SMT assembly. With its continuing efforts to serve small and medium-sized enterprise ("SME") customers, ICZOOM believes that these newly launched PCB and SMT solutions could satisfy its customers' increasing needs, strengthen its comprehensive service capabilities. Reported Earnings • Jun 20
First half 2025 earnings released: EPS: US$0.072 (vs US$0.07 loss in 1H 2024) First half 2025 results: EPS: US$0.072 (up from US$0.07 loss in 1H 2024). Revenue: US$90.3m (up 3.0% from 1H 2024). Net income: US$780.9k (up US$1.50m from 1H 2024). Profit margin: 0.9% (up from net loss in 1H 2024). The move to profitability was driven by higher revenue. New Risk • May 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings have declined by 22% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (US$25.1m market cap). Reported Earnings • Oct 27
Full year 2024 earnings released: US$0.22 loss per share (vs US$0.19 profit in FY 2023) Full year 2024 results: US$0.22 loss per share (down from US$0.19 profit in FY 2023). Revenue: US$177.9m (down 17% from FY 2023). Net loss: US$2.27m (down 230% from profit in FY 2023). New Risk • Aug 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Profit margins are more than 30% lower than last year (0.06% net profit margin). Shareholders have been diluted in the past year (6.5% increase in shares outstanding). Market cap is less than US$100m (US$23.8m market cap). お知らせ • Jul 22
ICZOOM Group Inc., Annual General Meeting, Aug 20, 2024 ICZOOM Group Inc., Annual General Meeting, Aug 20, 2024, at 09:00 China Standard Time. Location: at room 3801, building a, sunhope emetro, no. 7018, cai tian road futian district- 518000, shenzhen guangdong China Reported Earnings • Jun 21
First half 2024 earnings released: US$0.07 loss per share (vs US$0.10 profit in 1H 2023) First half 2024 results: US$0.07 loss per share (down from US$0.10 profit in 1H 2023). Revenue: US$87.7m (down 27% from 1H 2023). Net loss: US$721.7k (down 178% from profit in 1H 2023). Valuation Update With 7 Day Price Move • May 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$2.08, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 22x in the Electronic industry in the US. Total loss to shareholders of 44% over the past year. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 85% After last week's 85% share price decline to US$5.99, the stock trades at a trailing P/E ratio of 35.5x. Average trailing P/E is 19x in the Electronic industry in the US. Total returns to shareholders of 122% over the past year. New Risk • Apr 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). High level of non-cash earnings (22% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (US$87.3m market cap). Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to US$10.90, the stock trades at a trailing P/E ratio of 64.5x. Average trailing P/E is 19x in the Electronic industry in the US. Total returns to shareholders of 509% over the past year. お知らせ • Mar 20
Iczoom Announces Upgrade the Risk Control of the SAAS System to Improve Service Quality and Security ICZOOM Group Inc. announced 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. The update includes without limitation enhanced credential analysis on customers, behavior analysis on trading activities and adds-on of a number of risk control nodes. The Company believes that the update could significantly improve the security protection and efficiency of transactions for the customers, therefore advance the operation of the business. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$9.43, the stock trades at a trailing P/E ratio of 55.8x. Average trailing P/E is 20x in the Electronic industry in the US. New Risk • Jan 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$93.4m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). High level of non-cash earnings (22% accrual ratio). Minor Risk Market cap is less than US$100m (US$93.4m market cap). Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$9.01, the stock trades at a trailing P/E ratio of 53.4x. Average trailing P/E is 19x in the Electronic industry in the US. お知らせ • Jan 04
ICZOOM Group Inc. Announces SaaS Enhancement of One-Stop Components Procurement Platform to Support Customer Growth ICZOOM Group Inc. announced 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. The enhancements also more tightly integrate support of blockchain technology, more robust security protocols and supply chain ERP management cloud platform service. Additionally, the new SaaS enhancement provides more automated analytics, reporting, notification options, and intelligent management systems. Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$10.81, the stock trades at a trailing P/E ratio of 64x. Average trailing P/E is 21x in the Electronic industry in the US. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to US$10.73, the stock trades at a trailing P/E ratio of 63.5x. Average trailing P/E is 18x in the Electronic industry in the US. Reported Earnings • Nov 02
Full year 2023 earnings released: EPS: US$0.19 (vs US$0.29 in FY 2022) Full year 2023 results: EPS: US$0.19 (down from US$0.29 in FY 2022). Revenue: US$214.4m (down 26% from FY 2022). Net income: US$1.75m (down 32% from FY 2022). Profit margin: 0.8% (down from 0.9% in FY 2022). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$7.13, the stock trades at a trailing P/E ratio of 30.8x. Average trailing P/E is 17x in the Electronic industry in the US. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to US$8.01, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 16x in the Electronic industry in the US. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$9.05, the stock trades at a trailing P/E ratio of 39.1x. Average trailing P/E is 17x in the Electronic industry in the US. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to US$7.07, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 17x in the Electronic industry in the US. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to US$4.72, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 17x in the Electronic industry in the US. Reported Earnings • Jun 22
First half 2023 earnings released: EPS: US$0.10 (vs US$0.13 in 1H 2022) First half 2023 results: EPS: US$0.10 (down from US$0.13 in 1H 2022). Revenue: US$120.2m (down 14% from 1H 2022). Net income: US$926.7k (down 16% from 1H 2022). Profit margin: 0.8% (in line with 1H 2022). Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$4.50, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 17x in the Electronic industry in the US. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$3.37, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 16x in the Electronic industry in the US. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to US$2.26, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 17x in the Electronic industry in the US. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to US$2.72, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 17x in the Electronic industry in the US. 
