Inno Holdings Inc. (NASDAQ: INHD) stock surged more than 3,600% over the past 24 hours, fueled by a $3 million artificial intelligence (AI) deal.
The INHD stock traded at about $1.44 on June 8, 2026, 8:30 EST, but rallied to $53.99 on Jun 9, 2026, 15:00 EST, hence a 3,649% gain over 24 hours. As such, Inno Holdings’ market capitalization reached $178.5 million at press time.
The surge followed the company’s announcement of a Development Services Agreement with an undisclosed Hong Kong-based AI service provider. Under the deal, the service provider could build an AI-powered sales agent system for Inno Holdings’ used mobile phone trading business, with a total contracted service value of $3 million.
“By partnering with specialized technology developers, we are accelerating our ability to deploy intelligent sales agents that engage customers proactively, increase inventory pricing accuracy, and close transactions faster,” Ding Wei, CEO of Inno Holdings, stated.
However, the project is currently in its early development stage and has not yet been deployed in the company’s commercial operations.
Inno Holdings financial outlook
Despite the rally, Inno Holdings’ financials reflect a company under significant strain. According to its latest filing with the United States Securities and Exchange Commission (SEC), the company recorded a revenue of $931,911 in the second quarter of the financial year 2026.
However, Inno Holdings reported $910,064 in cost of goods sold, thereby leaving $21,847 in gross profit. As a result, the company lost $1,076,421 during the second quarter due to combined other expenses.
Over the first six months of its financial year 2026, its revenue totaled $2,388,392, with gross profit of $95,982 and an operating loss of $1,277,723. On a trailing twelve-month basis, Inno Holdings lost $7.1 million on $2.8 million in revenue, with $4.7 million in operating cash outflows.
As such, the $3 million AI deal represents a significant strategic pivot for the company in the near future.
