Singularity Future Technology Revenue Plunges 69% to $148K in Q2 FY2026

Singularity Future Technology Ltd., an integrated logistics solution provider, reported revenue of $147,574 for the three months ended December 31, 2025, a 69% decline from $474,624 in the same quarter of the prior year. For the six months ended December 31, 2025, total revenue fell 53% to $455,462 compared with $976,026 in the year-earlier period. Read more earnings reports.

The company posted a net loss of $665,911 for the quarter ended December 31, 2025, compared with a net loss of $327,797 in the same quarter last year. For the six-month period, the net loss widened sharply to $10.14 million from $1.29 million a year earlier.

Operating losses for the quarter narrowed slightly to $600,656 from $684,507 in the prior-year quarter. For the six-month period, the operating loss improved to $1.17 million from $1.71 million.

Cash Position Deteriorates

Cash and restricted cash declined to $13.08 million as of December 31, 2025, down from $18.27 million at the end of the prior fiscal year on June 30, 2025. The company burned through $9.88 million in operating cash during the six months ended December 31, 2025, a sharp reversal from positive operating cash flow of $397,878 in the same period last year.

Cash from financing activities brought in $5.20 million during the six-month period. Total assets increased to $21.62 million from $18.23 million as of June 30, 2025.

Equity and Share Count

Total stockholders' equity declined to $4.66 million as of December 31, 2025, down from $12.47 million six months earlier. The accumulated deficit widened to $104.74 million from $94.60 million. Common shares outstanding increased to 7.29 million from 4.20 million during the period.

Basic and diluted loss per share for the quarter was $0.12, compared with $0.09 in the prior-year quarter. For the six-month period, loss per share was $1.87 versus $0.37.

Liabilities Surge

Total liabilities more than doubled to $18.02 million as of December 31, 2025, from $7.77 million at June 30, 2025. Current liabilities rose to $17.56 million from $7.27 million over the same period. Accounts receivable fell sharply to $39,299 from $396,744.