Singularity Future Technology L
0.6888-0.01 (-1.82%)
Oct 29, 4:00:00 PM EDT · NasdaqCM · SGLY · USD
Key Stats
Market Cap
5.02MP/E (TTM)
-Basic EPS (TTM)
-1.06Dividend Yield
0%Recent Filings
8-K
Private placement raises $2.1M
Singularity Future Technology Ltd. closed a private placement on October 20, 2025, selling 3,000,000 common shares at $0.70 each to non-U.S. investors under Regulation S, raising $2.1 million. The funds will support working capital and general corporate needs, bolstering liquidity amid a lean capitalization of 4.2 million shares outstanding. No material adverse effects reported since June 30, 2025. This infusion aids operations without dilution from U.S. buyers.
10-K
FY2025 results
Singularity Future Technology's FY2025 delivered $1.8 million in revenue, down 42% year-over-year from $3.1 million, as freight logistics volumes slumped amid tariff pressures and the closure of U.S. operations at Brilliant Warehouse, with all sales now concentrated in the PRC where Chongqing Iron & Steel accounted for 94% of topline. Gross profit flipped to $51,399 from a $478,266 loss, yielding a slim 2.8% margin in PRC versus 3.4% prior year, while operating loss narrowed 54% to $2.7 million on aggressive cost cuts slashing G&A by half to $2.5 million. Q4 momentum faltered with no quarterly breakdowns disclosed, but annual trends point to decelerating growth and persistent customer dependency. Liquidity held at $14.5 million cash plus $3.1 million restricted, bolstered by $2.1 million in third-party loans at 12% interest and a $1.1 million share issuance, yet $1.5 million debt and $0.6 million judgment expenses loomed. No outlook provided. Ongoing securities litigation risks eroding quarterly cash flows.
8-K
Shareholders approve key proposals
Singularity Future Technology Ltd. held its annual shareholder meeting on July 1, 2025, electing Yangyang Xu as Class III director with 1,860,816 votes for, while votes against totaled just 2,309. Shareholders ratified Audit Alliance LLP as auditors for fiscal 2025, approved the 2025 equity incentive plan by 1,843,270 to 20,415, and gave advisory nod to executive pay. Strong support signals board stability amid routine governance.
8-K
Funding and settlement announced
Singularity Future Technology Ltd. entered a securities purchase agreement on June 19, 2025, to sell 32,188,841 units at $0.932 each to 18 non-U.S. investors, raising approximately $30 million in a private placement; each unit includes one common share and three warrants exercisable at $1.165, expiring in five years, pending shareholder approval. Separately, on May 29, 2025, the company agreed to settle a long-running securities class action with $3 million cash and 6,500,000 freely tradeable shares, plus a put option at $0.85 if prices dip, awaiting court approval. This dual move bolsters liquidity while resolving litigation overhang. Settlement clears legal risks.
10-Q
Q3 FY2025 results
Singularity Future Technology posted Q3 FY2025 revenue of $363K, down 18.7% y/y from $447K, yet flipped to a $303K gross profit with 83.4% margins—up from a $267K loss and -59.9% margins—thanks to reclassifying U.S. warehouse costs and tapping cheaper PRC suppliers. Operating loss narrowed to $1.2M from $1.4M y/y, while net loss attributable to shareholders widened to $1.7M or $(0.46) per diluted share on 3.6M shares, versus $950K or $(0.32) last year; the EPS gap stems from higher non-controlling interest gains. Cash held steady at $14.9M with $3M restricted, bolstered by $1.1M from stock issuance, while free cash flow isn't disclosed in the 10-Q. All fixed assets were scrapped as inoperable. Ongoing securities class action suits pose litigation risks.
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