CIMG Inc.
0.2386-0.01 (-2.25%)
Oct 29, 4:00:02 PM EDT · NasdaqCM · IMG · USD
Key Stats
Market Cap
46.89MP/E (TTM)
-Basic EPS (TTM)
-1.33Dividend Yield
0%Recent Filings
8-K
8-K
8-K
CIMG launches Hong Kong AI subsidiary
CIMG Inc. launched its Hong Kong subsidiary, Braincoin Limited, on September 30, 2025, to drive expansion into the global computing power sector and bolster AI efforts. Braincoin will act as a bridge between mainland China and international markets, rolling out AI computing centers, customized multi-modal AI models, and managed services starting October. This positions CIMG to forge stronger ties with global partners. Yet risks like funding needs and integration challenges loom.
10-Q
Q2 FY2025 results
CIMG Inc. posted net revenues of $22,853 for Q2 FY2025 ended March 31, 2025, down sharply from $323,406 a year earlier (derived), while gross profit swung to $15,479 from a $156,505 loss, thanks to lower cost of sales. Operating loss narrowed to $752,677 from $1,423,568 y/y (derived), driven by reduced expenses, yet net loss eased to $385,556 from $1,653,931, with other income of $394,588 offsetting costs. For the half-year, revenues fell 98% y/y to $22,853 (derived), net loss to $1,921,805 from $3,802,542, and diluted EPS improved to $(0.17) from $(3.09) on 11.2 million weighted shares—anti-dilution excluded 25.8 million equivalents. Cash dwindled to $2,404 amid $10.3 million operating outflow, but $10.6 million equity raises bolstered working capital to $10.5 million; short-term loans stood at $433,511 with no revolver. Completed Beijing Xilin acquisition on March 31, 2025, for no consideration, recognizing $20,164 loss on net liabilities assumed and negative noncontrolling interest. Inventory swelled to $12.8 million, signaling China expansion bets. Litigation lingers with ex-directors over unpaid fees.
8-K
Nasdaq listing extension granted
CIMG Inc. secured a Nasdaq listing reprieve on September 2, 2025, after its August 14 hearing, dodging delisting over bid price, periodic filing, and equity rule violations. The panel demands compliance with filing and equity rules by September 30, hinging on the company's capital raises and revenue contracts. Yet failure looms if the Listing Council reviews and alters the decision.
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