Oriental Culture Holding LTD Announces First Half Year of 2026 Unaudited Financial Results
Key Highlights
- ➤Revenue $1.01M, up 615.7% year over year
- ➤Net income $920,093 versus $3.82M net loss
- ➤Operating expenses fell 78.5% to $995,206
- ➤New account management and warehousing fees generated $793,465
- ➤OCG paid $10M for a 66.67% Jade Cove interest
HONG KONG, Nov. 03, 2026 (GLOBE NEWSWIRE) -- Oriental Culture Holding LTD. (“OCG” or the “Company”) (NASDAQ: OCG), a provider of supporting services for third party art and collectible trading platforms and online services for collectibles and artwork e-commerce, today announced its unaudited financial results for the six months ended June 30, 2026.
First Half Year of 2026 Financial Highlights * Total revenues were approximately $1.0 million for the six months ended June 30, 2026, compared with the total revenues of approximately $0.1 million for the six months ended June 30, 2025. * Gross profit was approximately $1 million for the six months ended June 30, 2026, compared with approximately gross profit of $0.1 million for the six months ended June 30, 2025. * Gross margin was 99.3% for the six months ended June 30, 2026, compared with a gross margin of 85.4% for the six months ended June 30, 2025. * Income from operations was $9,433 for the six months ended June 30, 2026, compared with loss from operations of approximately $4.5 million for the six months ended June 30, 2025. * Net income was approximately $0.9 million for the six months ended June 30, 2026, compared with net loss of approximately $3.8 million for the six months ended June 30, 2025. * Basic and diluted income per share was $0.52 and $0.51 for the six months ended June 30, 2026, compared with loss per share of $127.11 for the six months ended June 30, 2025. Recent developments
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