INNEOVA Holdings reports a $4.3 million year-over-year revenue drop, driven by a $5.7 million decline in Middle East sales.
INNEOVA Holdings posted FY revenue of $58.4 million, down 6.9% from $62.7 million in the prior year. The decline was led by a $5.7 million reduction in revenue from the Middle East region.
Last year’s revenue had marked a slight improvement over earlier periods, but the latest figures reflect ongoing challenges in key markets. No immediate market reaction was disclosed in the release.