Scage Future reports net loss of $13.1 million on $11.1 million revenue for fiscal year 2025
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Scage Future reported a net loss of $13.1 million on revenues of $11.1 million for the fiscal year ending June 30, 2025, an increase from $6.1 million in the previous year. Revenue from new energy vehicles and components rose to $10.9 million, but the company faced a gross loss of $0.7 million due to lower profit margins and increased operating expenses, which surged by 98.1% to $12.7 million.
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