Highway Holdings (NASDAQ:HIHO), a Hong Kong-based manufacturer of precision metal components and provider of contract manufacturing services, on Monday reported financial results for its third quarter and nine-month period ended December 31, 2025.
Nine-month revenue totaled $3.8 million, a decrease of 34.6% from the prior-year period, while third-quarter revenue fell 40.5% to $1.1 million.
The declines primarily reflected the loss of a significant customer in the electric motor segment, which had contributed meaningfully to prior-period volumes.
Net loss for the nine months was $427,000, or $0.09 per basic share.
In the third quarter, the net loss was $115,000, or $0.02 per basic share.
Gross margin narrowed to 28.9% for the nine-month period and 25.5% in the third quarter, compared with higher levels in the prior year, due to lower absorption of fixed costs on reduced volumes, partially offset by ongoing cost-control measures and efficiency improvements in operations.
As of December 31, 2025, the company maintained a cash position of approximately $5.1 million, equivalent to roughly $1.10 per diluted share, providing a solid liquidity base amid challenging market conditions.