--- title: "Singularity Future Tech | 10-Q: FY2026 Q2 Revenue: USD 147.57 K" type: "News" locale: "en" url: "https://longbridge.com/en/news/275944269.md" datetime: "2026-02-13T21:09:30.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275944269.md) - [en](https://longbridge.com/en/news/275944269.md) - [zh-HK](https://longbridge.com/zh-HK/news/275944269.md) --- # Singularity Future Tech | 10-Q: FY2026 Q2 Revenue: USD 147.57 K Revenue: As of FY2026 Q2, the actual value is USD 147.57 K. EPS: As of FY2026 Q2, the actual value is USD -0.12. EBIT: As of FY2026 Q2, the actual value is USD -525.13 K. ### Segment Revenue Singularity Future Technology Ltd. operates in one reportable segment: freight logistics services, with all revenue generated in the PRC . - **Three Months Ended December 31, 2025:** Net revenues were $147,574, a decrease of -68.9% from $474,624 in 2024 . - **Six Months Ended December 31, 2025:** Net revenues were $455,462, compared to $976,026 in 2024 . ### Operational Metrics - **Gross (Loss) Profit:** - For the three months ended December 31, 2025, gross loss was - $21,463, a decrease of -303.9% from a gross profit of $10,524 in 2024, primarily due to increased freight costs and a decline in business volume from tariff wars . - For the six months ended December 31, 2025, gross loss was - $11,141, compared to a gross loss of - $261,391 in 2024 . - **Operating Loss:** - For the three months ended December 31, 2025, operating loss was - $600,656, an improvement of -12.2% from - $684,507 in 2024 . - For the six months ended December 31, 2025, operating loss was - $1,165,502, compared to - $1,709,959 in 2024 . - **Selling Expenses:** - For the three months ended December 31, 2025, selling expenses decreased by -22.8% to - $48,460 from - $62,769 in 2024, mainly due to reduced freight volume and selling activities . - For the six months ended December 31, 2025, selling expenses were - $95,891, compared to - $125,750 in 2024 . - **General and Administrative Expenses:** - For the three months ended December 31, 2025, general and administrative expenses decreased by -16.1% to - $530,733 from - $632,262 in 2024, attributed to significant cost-cutting initiatives following the closure of U.S. business operations . - For the six months ended December 31, 2025, general and administrative expenses were - $1,058,470, compared to - $1,322,818 in 2024 . - **Interest Expenses:** - For the three months ended December 31, 2025, interest expenses increased to - $75,530 from $0 in 2024 . - For the six months ended December 31, 2025, interest expenses were - $189,922, compared to $0 in 2024 . - **Class Action Settlement Expenses:** - For the six months ended December 31, 2025, class action settlement expenses were - $8,850,000 . - **Net Loss:** - For the three months ended December 31, 2025, net loss was - $676,381, an increase of 100.5% from - $337,330 in 2024 . - For the six months ended December 31, 2025, net loss was - $10,158,244, compared to - $1,341,665 in 2024 . ### Cash Flow - **Net Cash (Used in) Provided by Operating Activities:** - For the six months ended December 31, 2025, net cash used in operating activities was - $9,877,753, primarily due to a net loss of approximately - $10.2 million and a - $8.3 million payment to suppliers for commodity trading, partially offset by an $8.9 million class action settlement . - For the six months ended December 31, 2024, net cash provided by operating activities was $397,878 . - **Net Cash Provided by Investing Activities:** - For the six months ended December 31, 2025, net cash provided by investing activities was $108,331, resulting from proceeds from the disposal of subsidiaries, net of cash . - No investing activities were recorded for the six months ended December 31, 2024 . - **Net Cash Provided by Financing Activities:** - For the six months ended December 31, 2025, net cash provided by financing activities was $5,200,294, including approximately $3.0 million from third-party loans and approximately $2.1 million from the issuance of common shares . - No financing activities were recorded for the six months ended December 31, 2024 . ### Unique Metrics - **Advances to Suppliers:** As of December 31, 2025, advances to suppliers totaled $8,326,920, including $8,250,000 for commodity trading (sesame seeds) under new operations, with expected delivery within six months . - **Class Action Settlement:** As of September 30, 2025, the class action settlement liability and expenses amounted to $8,850,000, comprising $3,000,000 in cash and 6,500,000 common shares valued at $5,850,000 . - **Loans from Third Parties:** As of December 31, 2025, total loans from third parties were approximately $3.4 million, with a weighted average annual interest rate of 12% and a weighted average maturity of 0.8 years . ### Future Outlook and Strategy - **Core Business Focus:** Singularity Future Technology Ltd. primarily focuses on providing freight logistics services, including shipping and other logistical support to steel companies through its subsidiary, Trans Pacific Shipping Limited . - **Strategic Plans:** The company intends to use net proceeds of approximately $2.1 million from a recent private placement for working capital and general corporate purposes . - **Non-Core Business Divestitures/Exploratory Efforts:** The company disposed of its subsidiary, New Energy Tech Ltd., for $2.7 million in cash on September 25, 2025, and dissolved Brilliant Warehouse Service Inc. on August 6, 2025 . The company has not generated any revenues from its entry into the solar panel production and distribution business to date . ### Related Stocks - [SGLY.US](https://longbridge.com/en/quote/SGLY.US.md)