Revenue for the first half of 2024 was reported as $144 million, a 61 percent increase from the same period in 2023. Gross profits stood at $34.2 million, up 47 percent.
The company is riding the wave of easing supply constraints of previous years. Direct sales accounted for 81 percent of units in 2023, now down to 65 percent in 2024.
Unit sales of the diminutive computers leaped to 3.66 million compared to 2.799 million last year, with a chunk from the Raspberry Pi 5's sales.
The microcontroller business saw an increase from 1.650 million units sold in 2023 to 2.153 million in 2024, enhancing investor confidence.
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