SVMB
Jingbo Technology, Inc.2.2500
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
1.25BP/E (TTM)
2.30Basic EPS (TTM)
0.98Dividend Yield
0%Recent Filings
10-Q
Q3 FY2026 results
Jingbo swung to Q3 gross profit of $57K from a $57K loss y/y, while nine-month revenues fell 19% y/y to $1.2M from $1.5M, with parking fees (86% of revenue) down due to the terminated Xiaoshan Airport project; gross margin leaped to 20.8% from -37.8% y/y (derived). Operating loss narrowed to $687K from $766K y/y, but net loss widened slightly to $815K versus $726K, matching 555M diluted shares at $(0.001) per share. Cash dipped to $130K amid $96K operating outflow, burdened by $22.1M long-term payables (interest waived to 2028) and $1.3M long-term loan at 4.5%. Closed Xinghe acquisition Dec 2024 for 550M shares (stock). VIE contracts risk PRC regulatory crackdown.
8-K
CEO, CFO replaced abruptly
Jingbo Technology ousted Guowei Zhang from CEO and CFO roles on November 10, 2025, effective immediately; he stays board chairman with no disagreements cited. Board tapped Ben Liu as new CEO and Qiang Chen as CFO, both with tourism-tech backgrounds, on 3-year deals at $25,360 and $16,907 annual cash. Leadership shakeup tests continuity.
10-Q
Q1 FY2026 results
Jingbo Technology swung to a gross profit of $64,847 in Q1 FY2026 ended August 31, 2025, from a $301,325 loss a year earlier, as revenue dipped 3.7% y/y to $381,683 while costs plunged 54.6% y/y to $316,836, driven by lower salaries and rental expenses after the Xiaoshan Airport project termination. Operating loss narrowed to $771,541 from $1,671,810 y/y, with diluted EPS improving to ($0.001) from ($0.80) on 555 million shares; net loss of $786,328 exceeded operating by 2% due to interest expense. Cash equivalents rose to $185K q/q, but free cash flow not disclosed in the 10-Q; short-term debt stood at $1.4M (4.5% rate, extended to 2028) amid $22M long-term payables (4% rate, due 2029, interest waived until 2028). The Xinghe acquisition closed December 2024 for 550M shares (stock), integrating AI/big data parking tech without recognized goodwill. Yet regulatory risks loom over the VIE structure.
10-Q
Q1 FY2026 results
Jingbo Technology swung to a gross profit of $127,653 in Q1 FY2026 ended May 31, 2025, up from a $203,771 loss a year earlier, as revenues climbed 49.7% y/y to $461,630 driven by parking fees and new winery sales, while costs dropped sharply from lower depreciation and rentals. Operating loss narrowed to $387,418 from $1,174,665, with net loss at $408,871 or $(0.001) per diluted share on 555,315,412 shares—consistent with calculations. Cash edged up to $142,884, bolstered by $6,186 in operating cash flow, yet long-term payables loom at $21.7M maturing 2029 with interest waived until 2028. The recent Xinghe acquisition closed December 9, 2024, for 550M shares (stock), folding in smart parking ops without disclosed goodwill. VIE contracts face regulatory scrutiny under PRC Foreign Investment Law.
10-K
FY2025 results
Jingbo Technology posted FY2025 revenue of $2.14M, up 35% y/y from $1.58M, with parking fees climbing 5% to $1.66M while new winery sales added $0.42M; yet Q4 momentum faltered as the Xiaoshan airport project suspended in March 2025, dragging sequential growth amid stable costs. Gross loss narrowed to $0.40M from $0.54M, but operating expenses rose on marketing and impairments, yielding a $6.02M net loss versus $5.48M last year—diluted EPS fell to $(0.05) on 129M shares, reconciling without anti-dilution flags. Key drivers included Leshan's parking surge, offset by subsidiary disposals; liquidity strained with $105K cash and $6.6M working capital deficit, reliant on related-party loans totaling $2.25M due on demand. No annual guidance disclosed, but regulatory scrutiny on VIE structures in China poses risks to quarterly momentum.
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