Tianci International, Inc. CIIT
Last close
1.89
2026-10-23
Market cap
$18.2M
2026-04-30 share count
52-week range
1.76 - 70.00
Valuation FY2025 figures against the last close
P/S2.0x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS—
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- Hong Kong
- Japan
- Viet Nam
- Other
| Region | FY2025 | FY2024 |
|---|---|---|
| Hong Kong | $8.1M | $6.6M |
| Japan | $954.1K | $1.0M |
| Viet Nam | $166.8K | $953.3K |
| Other | $53.6K | $1.2K |
As the company reported it, from the “ENTERPRISE-WIDE DISCLOSURE (Details - Revenue by regions)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.3M | $8.6M | $452.4K | $752.8K | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of revenue | $8.8M | $7.6M | $456.5K | $478.5K | — | — | — | — | — | — |
| Gross profit | $450.1K | $1.1M | -$4.1K | $274.3K | — | — | — | — | — | — |
| SG&A | $2.9M | $520.9K | $285.7K | $77.6K | $624 | $492 | $12.4K | $10.9K | $708 | $124.5K |
| Total operating expenses | $3.2M | $886.9K | $339.9K | $82.5K | $63.0K | $73.8K | $88.0K | $96.7K | $162.2K | $315.6K |
| Operating income | -$2.7M | $168.3K | -$344.0K | $191.8K | -$63.0K | -$73.8K | -$88.0K | -$96.7K | -$162.2K | -$315.6K |
| Interest expense | — | — | — | — | — | — | — | — | — | $8.5K |
| Pre-tax income | -$2.7M | $146.2K | -$344.0K | $191.8K | -$74.4K | -$73.8K | -$88.0K | -$96.7K | -$162.2K | -$315.6K |
| Income tax | $5.8K | $35.9K | $12.1K | $31.6K | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | -$2.6M | $54.5K | -$341.2K | $144.1K | -$74.4K | -$73.8K | -$88.0K | -$96.7K | $37.9K | -$683.5K |
| EPS, basic | — | — | — | 0.10 | 0.03 | — | — | — | — | — |
| EPS, diluted | — | — | — | 0.10 | 0.03 | -0.01 | -0.02 | -0.02 | — | — |
| Shares, diluted (wtd. avg.) | — | — | — | 2.5M | 2.5M | — | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.4M | $413.1K | $256.3K | $21.2K | $20.2K | $4.0K | $4.0K | $2.0K | $2.4K | $0 |
| Inventory | $215.3K | $0 | — | — | — | — | — | — | — | — |
| Total current assets | $3.0M | $910.3K | $312.2K | $758.9K | $18.0K | $16.0K | $16.0K | $6.0K | $2.4K | $31.6K |
| Property, plant and equipment | — | — | — | — | — | — | — | — | — | $12.8K |
| Other intangibles | $119.5K | — | — | — | — | — | — | — | — | — |
| Total assets | $3.1M | $912.0K | $320.2K | $760.3K | $18.0K | $16.0K | $16.0K | $6.0K | $2.4K | $31.6K |
| Accounts payable | $18.6K | $0 | $779 | $444.9K | $9.9K | $7.8K | $7.2K | $2.7K | $11.5K | $74.0K |
| Short-term debt | — | — | — | — | — | — | — | — | — | $138.8K |
| Total current liabilities | $97.7K | $122.0K | $596.8K | $655.6K | $343.1K | $266.7K | $192.9K | $94.9K | $11.5K | $458.6K |
| Total liabilities | $159.1K | $122.0K | $598.8K | $655.6K | $343.1K | $266.7K | $192.9K | — | — | — |
| Retained earnings | -$2.9M | -$222.1K | -$276.5K | $64.7K | -$1.5M | -$1.4M | -$1.3M | -$1.2M | -$1.1M | -$1.2M |
| Total equity | $3.0M | $741.8K | -$278.6K | $104.8K | -$75.5K | -$250.7K | -$176.9K | -$88.9K | -$9.1K | -$427.0K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$3.2M | $112.7K | $324.6K | -$84.2K | -$74.2K | -$73.2K | -$91.5K | -$109.6K | -$224.7K | -$540.2K |
| Depreciation and amortisation | — | — | — | — | — | — | — | — | — | $2.3K |
| Stock-based compensation | $158.4K | $0 | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | $0 | $0 | $0 | $0 | $2.0K | -$10.2K |
| Financing cash flow | $5.2M | $44.0K | -$89.5K | $85.1K | $74.2K | $73.2K | $93.5K | $109.2K | $225.1K | $553.5K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001683168-25-007401.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $752.8K | $452.4K | $8.6M | $9.3M |
| Gross profit | — | — | — | — | — | — | $274.3K | -$4.1K | $1.1M | $450.1K |
| Net income | -$683.5K | $37.9K | -$96.7K | -$88.0K | -$73.8K | -$74.4K | $144.1K | -$341.2K | $54.5K | -$2.6M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Shareholder rights changed Item 3.03
- Charter or fiscal year changed Item 5.03
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement signed Item 1.01
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 3576
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|---|---|---|---|---|
| CSCO | CISCO SYSTEMS, INC. | $419.89B | 32.0x | 11.8% |
| ANET | Arista Networks, Inc. | $217.40B | 62.7x | 28.6% |
| FFIV | F5, INC. | $25.79B | 38.6x | 9.7% |
| EXTR | EXTREME NETWORKS INC | $2.87B | 70.9x | 12.6% |
| DGII | DIGI INTERNATIONAL INC | $2.84B | 69.4x | 1.5% |
| ATEN | A10 Networks, Inc. | $1.85B | 44.6x | 11.0% |
| NTGR | NETGEAR, INC. | $610.4M | — | 3.8% |
| LTRX | LANTRONIX INC | $268.6M | — | -1.6% |