Baijiayun Group Ltd Reports Financial Results For First Half of Fiscal Year 2023
Revenues grew by 32.2% as real-time video communication solutions see wider adoption and penetrate new vertical marketsBEIJING, April 18, 2023 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (NASDAQ:RTC), a video-centric technology solution provider with core expertise in SaaS/PaaS solutions, today announced the unaudited financial results for the six months ended December 31, 2022 ("1HFY23").
Financial Highlights for the First Half of Fiscal Year 2023
Total revenues increased by 32.2% period-over-period to $40.9 million for 1HFY23Gross margin was 17.7% for 1HFY23, compared to 30.7% for the prior year period General and administrative expenses, as a percentage of total re
