Reported Earnings • Apr 26
Full year 2025 earnings released: US$2.24 loss per share (vs US$3.22 loss in FY 2024) Full year 2025 results: US$2.24 loss per share (improved from US$3.22 loss in FY 2024). Net loss: US$14.1m (loss narrowed 30% from FY 2024). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. New Risk • Mar 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.3% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$12.0m market cap). New Risk • Mar 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.3% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (US$15.8m market cap). Reported Earnings • Aug 18
First half 2025 earnings released: US$0.72 loss per share (vs US$0.99 loss in 1H 2024) First half 2025 results: US$0.72 loss per share (improved from US$0.99 loss in 1H 2024). Net loss: US$4.51m (loss narrowed 28% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. New Risk • Jul 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.7% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$22.2m market cap). Reported Earnings • Apr 29
Full year 2024 earnings released: US$3.22 loss per share (vs US$5.86 loss in FY 2023) Full year 2024 results: US$3.22 loss per share (improved from US$5.86 loss in FY 2023). Net loss: US$20.3m (loss narrowed 45% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has fallen by 51% per year, which means it is performing significantly worse than earnings. New Risk • Mar 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.1% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Revenue is less than US$5m (US$3.6m revenue). Market cap is less than US$100m (US$27.0m market cap). Board Change • Dec 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Mingming Su was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 18
First half 2022 earnings released: US$0.054 loss per share (vs US$0.021 loss in 1H 2021) First half 2022 results: US$0.054 loss per share (further deteriorated from US$0.021 loss in 1H 2021). Revenue: US$25.1m (up 37% from 1H 2021). Net loss: US$10.1m (loss widened 181% from 1H 2021). Reported Earnings • May 01
Full year 2021 earnings released Full year 2021 results: Revenue: US$51.5m (up 171% from FY 2020). Net income: US$4.43m (up US$35.1m from FY 2020). Profit margin: 8.6% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Reported Earnings • Oct 03
First half 2021 earnings released: US$0.021 loss per share (vs US$0.056 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: US$18.3m (up 66% from 1H 2020). Net loss: US$3.58m (loss narrowed 42% from 1H 2020). Executive Departure • Jul 02
Deputy GM & Director Sufeng Wang has left the company On the 23rd of June, Sufeng Wang's tenure as Deputy GM & Director ended after 3.1 years in the role. We don't have any record of a personal shareholding under Sufeng's name. Sufeng is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.17 years, which is considered inexperienced in the Simply Wall St Risk Model. Recent Insider Transactions Derivative • Jun 30
Deputy GM & Director notifies of intention to sell stock Sufeng Wang intends to sell 459k shares in the next 90 days after lodging an Intent To Sell Form on the 30th of June. If the sale is conducted around the recent share price of US$2.89, it would amount to US$1.3m. As of today, Sufeng currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months. Reported Earnings • May 03
Full year 2020 earnings released: US$0.25 loss per share (vs US$0.38 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: US$19.0m (down 83% from FY 2019). Net loss: US$30.7m (loss narrowed 28% from FY 2019). Is New 90 Day High Low • Feb 17
New 90-day high: US$7.88 The company is up 9.0% from its price of US$7.22 on 18 November 2020. The American market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 10
New 90-day low: US$4.09 The company is down 48% from its price of US$7.82 on 10 September 2020. The American market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 8.0% over the same period. Is New 90 Day High Low • Nov 20
New 90-day low: US$5.34 The company is down 8.0% from its price of US$5.81 on 21 August 2020. The American market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is down 4.0% over the same period. Reported Earnings • Oct 25
First half earnings released Over the last 12 months the company has reported total losses of US$30.5m, with losses widening by 12% from the prior year. Total revenue was US$97.8m over the last 12 months, down 54% from the prior year. Reported Earnings • Sep 27
First half earnings released Over the last 12 months the company has reported total losses of US$30.5m, with losses widening by 12% from the prior year. Total revenue was US$97.8m over the last 12 months, down 54% from the prior year.