Filing Flows › Singularity Future Technology (SGLY) › Q2 FY25
Singularity Future Technology (SGLY) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Feb 19, 2025
Singularity Future Technology (SGLY) reported revenue of $475K for the second quarter fiscal 2025 (Q2 FY25), -51% from a year earlier and -5% from the quarter before. Operating margin was -144.2%, net loss $337K (71.1% of revenue).
Singularity Future Technology, Q2 FY25: revenue $475K (-51% year over year), operating margin -144.2%, net loss $337K, operating cash flow $407K. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $475K | -5% | -51% |
| Operating profit | −$685K | — | — |
| Net earnings | −$337K | — | — |
| Operating cash flow | $407K | — | — |
What changed
Revenue was $475K in Q2 FY25, down 51% year over year and down 5% from the previous quarter.
Gross margin was 2.2%. Operating costs exceeded revenue by $685K, an operating margin of -144.2%. The fastest-growing cost line was SG&A (+12%). The quarter ended with a net loss of $337K, narrower than the previous quarter's $1.0M loss. Minority interests bore $10K of it: to shareholders the quarter was a loss of $328K. Non-operating items added $347K, -103% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $407K. Non-cash charges added back $19K of depreciation and amortization. Working capital and other items added $726K.
Questions
What was Singularity Future Technology's revenue in the second quarter fiscal 2025?
Singularity Future Technology (SGLY) reported revenue of $475K for the second quarter fiscal 2025 (Q2 FY25), -51% from a year earlier and -5% from the quarter before.
Was Singularity Future Technology profitable in the second quarter fiscal 2025?
Operating loss was $685K (-144.2% of revenue) and net loss $337K.