Northann Corp. Q1 Sales Up 68%, Earnings Down 68%

Elk Grove, CA, May 23, 2024-Northann Corp., owner of Benchwick, reported revenues of $4.6 million for Q1 2024, an increase of 68% from $2.7 million in the same period of 2023. 

Net income for the quarter was $60,035, compared to $185,466 in the prior year’s first quarter, representing a decrease of 68%. 

“We are pleased with our robust performance in the first quarter, reflecting our team’s dedication and the growing market acceptance of our cutting-edge 3D printed flooring solutions,” said Lin Li, CEO of Northann Corp. “Our strategic focus on innovation，cost management and client-oriented vision has positioned us well for sustained growth. We remain committed to enhancing shareholder value through continued operational excellence and financial discipline.”