share_log

Singularity Future Technology | 10-Q: Q1 2025 Earnings Report

Singularity Future Technology | 10-Q: Q1 2025 Earnings Report

Singularity Future Technology | 10-Q:2025財年一季報
美股SEC公告 ·  2024/11/14 17:08

牛牛AI助理已提取核心訊息

Singularity Future Technology Ltd. reported financial results for Q1 FY2025 ended September 30, 2024. Revenue decreased 44% year-over-year to $501,402, primarily due to reduced business volume in freight logistics services. The company recorded a gross loss of $271,915 compared to a loss of $107,023 in the prior year period, with gross margin declining to -54.2%.General and administrative expenses decreased significantly by 66.4% to $690,556, mainly due to reduced professional fees and employee compensation. The net loss narrowed to $1.0 million from $2.4 million in Q1 FY2024. As of September 30, 2024, the company maintained a strong liquidity position with $17.7 million in cash and working capital of $11.9 million.The company continues to focus on its freight logistics business while exploring new opportunities, including entering the solar panel production and distribution business through its newly formed subsidiary. Management is implementing measures to address material weaknesses in internal controls and has received multiple Nasdaq compliance notices regarding minimum bid price and corporate governance requirements.
Singularity Future Technology Ltd. reported financial results for Q1 FY2025 ended September 30, 2024. Revenue decreased 44% year-over-year to $501,402, primarily due to reduced business volume in freight logistics services. The company recorded a gross loss of $271,915 compared to a loss of $107,023 in the prior year period, with gross margin declining to -54.2%.General and administrative expenses decreased significantly by 66.4% to $690,556, mainly due to reduced professional fees and employee compensation. The net loss narrowed to $1.0 million from $2.4 million in Q1 FY2024. As of September 30, 2024, the company maintained a strong liquidity position with $17.7 million in cash and working capital of $11.9 million.The company continues to focus on its freight logistics business while exploring new opportunities, including entering the solar panel production and distribution business through its newly formed subsidiary. Management is implementing measures to address material weaknesses in internal controls and has received multiple Nasdaq compliance notices regarding minimum bid price and corporate governance requirements.
奇點未來科技有限公司公佈了截至2024年9月30日的2025財年第一季度財務報表。營業收入同比下降44%,降至501,402美元,主要由於貨運物流服務業務量減少。公司記錄了一筆271,915美元的毛虧損,而去年同期虧損爲107,023美元,毛利率降至-54.2%。一般及行政費用大幅減少66.4%,降至690,556美元,主要由於專業費用和員工薪酬的減少。淨虧損從2024財年第一季度的240萬降至100萬。截至2024年9月30日,公司保持着強勁的流動性,現金爲1770萬,營運資金爲1190萬。公司繼續專注於其貨運物流業務,同時探索新的機會,包括通過其新成立的子公司進入太陽能面板的生產和分銷業務。管理層正在實施措施,以解決內部控制中的重大缺陷,並已收到多個納斯達克合規通知,涉及最低買盤價格和公司治理要求。
奇點未來科技有限公司公佈了截至2024年9月30日的2025財年第一季度財務報表。營業收入同比下降44%,降至501,402美元,主要由於貨運物流服務業務量減少。公司記錄了一筆271,915美元的毛虧損,而去年同期虧損爲107,023美元,毛利率降至-54.2%。一般及行政費用大幅減少66.4%,降至690,556美元,主要由於專業費用和員工薪酬的減少。淨虧損從2024財年第一季度的240萬降至100萬。截至2024年9月30日,公司保持着強勁的流動性,現金爲1770萬,營運資金爲1190萬。公司繼續專注於其貨運物流業務,同時探索新的機會,包括通過其新成立的子公司進入太陽能面板的生產和分銷業務。管理層正在實施措施,以解決內部控制中的重大缺陷,並已收到多個納斯達克合規通知,涉及最低買盤價格和公司治理要求。

譯文內容由第三人軟體翻譯。


牛牛AI助手部分由第三方人工智慧模型基於資訊內容自動產生。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
評論 評論 · 瀏覽 288

熱點推薦

聲明

本頁的譯文內容由軟件翻譯。富途將竭力但卻不能保證翻譯內容之準確和可靠,亦不會承擔因任何不準確或遺漏而引起的任何損失或損害。