Quanzhou, China – September 24, 2026 -- INLIF LIMITED (Nasdaq: INLF) swung to a net income of $1.01 million in the first half of fiscal year 2026, reversing a $1.98 million net loss in the same period last year, an improvement of approximately $3.0 million.
Net revenue climbed 26.01% to $12.94 million on new intelligent equipment sales
Net revenue rose to $12.94 million from $10.27 million a year earlier. The gain was driven by a $0.60 million increase in manipulator arm sales, including installation and warranty services, plus $3.36 million in new revenue from the company's intelligent equipment business, which had no revenue contribution in the prior-year period. Sales of raw materials and scraps fell $1.27 million as INLIF shifted to a more demand-driven procurement model.
Gross margin nearly doubled to 35.95% as intelligent equipment business scaled
Gross profit surged 158.77% to $4.65 million from $1.80 million, lifting gross margin to 35.95% from 17.50%. Intelligent equipment sales, used primarily in the new energy sector for production line expansion and automation upgrades, contributed $0.64 million of the gross profit increase. Cost of revenue fell 2.16% to $8.29 million despite added costs from the new equipment line.
Intelligent equipment now accounts for 25.97% of total revenue
The newly launched intelligent equipment segment generated $3.36 million, representing 25.97% of total revenue for the period, up from zero contribution in the first half of fiscal 2025. CEO Rongjun Xu said the results reflect the company's strategy to expand into new energy and intelligent equipment sectors to diversify its business.
R&D headcount more than doubles to 72 employees as INLIF advances industrial robots
Research and development expenses rose 49.18% to $1.15 million as the R&D team grew from 31 to 72 employees between June 2025 and June 2026. The company continues to develop industrial robots, which remain in the research, development, and product validation stage.
Selling expenses rise 50.21% while G&A costs drop 34.42%
Selling expenses increased to $0.62 million from $0.41 million on higher performance-based sales compensation and expanded customer visits and travel. General and administrative expenses fell to $1.76 million from $2.68 million, primarily due to the absence of $1.63 million in one-time share-based compensation granted to three key administrative employees in the prior-year period. Overall operating expenses declined 8.73% to $3.53 million.
Basic and diluted earnings per share reach $10.01, reversing a $427.48 loss per share
Basic and diluted earnings per share were $10.01 for the first half of fiscal 2026, compared with a loss per share of $427.48 in the same period a year earlier. During the period, INLIF completed a PIPE offering and established an At-the-Market program to support operational and expansion needs.