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Singularity Future Technology | 10-K: FY2024 Annual Report

SEC ·  Oct 15, 2024 23:59

Summary by Futu AI

Singularity Future Technology Ltd. released its financial results for the fiscal year ended June 30, 2024. The company reported total assets of $18.73 million, down slightly from $19.24 million in the previous year. Cash and restricted cash increased to $17.74 million from $17.39 million year-over-year.The company's current liabilities included $66,423 in deferred revenue and accounts payable to related parties. Property and equipment decreased to $183,639 from $426,343 in FY2023. Right-of-use assets also declined to $98,327 from $381,982 the prior year.Management did not provide specific revenue or profit figures in the released information. The company's cryptocurrency holdings decreased from $72,179 to zero during the fiscal year. Singularity Future Technology made changes to its board and executive team, with new appointments including Ziyuan Liu as CEO and Chairman, and Ying Cao as CFO.
Singularity Future Technology Ltd. released its financial results for the fiscal year ended June 30, 2024. The company reported total assets of $18.73 million, down slightly from $19.24 million in the previous year. Cash and restricted cash increased to $17.74 million from $17.39 million year-over-year.The company's current liabilities included $66,423 in deferred revenue and accounts payable to related parties. Property and equipment decreased to $183,639 from $426,343 in FY2023. Right-of-use assets also declined to $98,327 from $381,982 the prior year.Management did not provide specific revenue or profit figures in the released information. The company's cryptocurrency holdings decreased from $72,179 to zero during the fiscal year. Singularity Future Technology made changes to its board and executive team, with new appointments including Ziyuan Liu as CEO and Chairman, and Ying Cao as CFO.

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