Singularity Future Technology Ltd. SGLY
merged into a new corporation, Sino-Global Shipping America, Ltd. in Virginia. On January 3, 2022, the Company changed its corporate name
to Singularity Future Technology Ltd. to reflect its expanded operations into the digital assets business. Currently, we primarily focus
on providing freight logistics services, which mainly include shipping, warehouse services and other logistical support to steel companies.
new opportunities to expand our business and generate more revenue. These opportunities ranged from complementary businesses to other
Last close
0.38
2026-10-23
Market cap
$2.8M
2026-03-31 share count
52-week range
0.35 - 14.28
Valuation FY2025 figures against the last close
P/S1.5x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-1.06
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8M | $3.1M | $4.5M | $4.0M | $5.2M | $6.5M | $41.8M | $23.1M | $11.4M | $7.3M |
| Cost of revenue | $1.8M | $3.6M | $4.0M | $4.1M | $5.0M | $3.7M | $36.0M | $15.6M | $5.0M | $3.7M |
| Gross profit | $51.4K | -$478.3K | $548.1K | -$148.1K | $176.6K | $2.9M | $5.8M | $7.5M | $6.5M | $3.6M |
| SG&A | $2.5M | $5.0M | $11.6M | $9.3M | $5.6M | $3.4M | $4.3M | $2.8M | $3.2M | $4.3M |
| Total operating expenses | $2.8M | $5.4M | $15.1M | $22.5M | $11.0M | $20.6M | $11.7M | $6.7M | $3.4M | $4.8M |
| Operating income | -$2.7M | -$5.9M | -$14.6M | -$22.7M | -$10.8M | -$17.7M | -$6.0M | $818.1K | $3.1M | -$1.2M |
| Interest expense | $146.4K | — | — | $2.4K | $5.8K | — | — | — | — | — |
| Pre-tax income | -$3.3M | -$5.5M | -$23.0M | -$28.9M | -$11.3M | -$17.7M | -$6.1M | $1.5M | $3.1M | -$1.5M |
| Income tax | $30.2K | — | $135.9K | — | $3.5K | $186.0K | $920.9K | $949.7K | $472.1K | $812.6K |
| Net income | -$3.9M | -$5.1M | -$23.0M | -$28.3M | -$11.3M | -$17.9M | -$6.5M | $459.1K | $3.6M | -$2.0M |
| EPS, basic | -1.06 | -2.05 | -1.09 | -1.58 | — | — | -0.45 | 0.04 | 0.41 | -0.23 |
| EPS, diluted | -1.06 | -2.05 | -1.09 | -1.58 | -1.26 | -4.78 | -2.27 | 0.04 | 0.41 | -0.23 |
| Shares, diluted (wtd. avg.) | 3.7M | 2.5M | 21.1M | 17.9M | 8.6M | — | 14.4M | 12.0M | 8.9M | 8.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $17.7M | $17.7M | $17.4M | $55.8M | $44.8M | $131.2K | $3.1M | $7.1M | $8.7M | $1.4M |
| Receivables | $396.7K | $267.2K | $198.6K | $108.4K | $113.2K | $1.2M | $7.0M | $8.4M | $2.6M | $2.3M |
| Total current assets | $18.1M | $18.2M | $18.2M | $63.2M | $46.9M | $1.9M | $15.9M | $22.4M | $16.8M | $8.7M |
| Property, plant and equipment | — | $183.6K | $426.3K | $549.0K | $757.3K | $523.3K | $989.9K | $956.4K | $187.4K | $176.4K |
| Other intangibles | — | — | — | — | — | $26.4K | $89.7K | $153.1K | — | — |
| Total assets | $18.2M | $18.7M | $19.2M | $64.8M | $48.2M | $5.7M | $20.6M | $26.2M | $17.8M | $9.1M |
| Accounts payable | — | — | $494.3K | $508.5K | $574.9K | $487.7K | $567.6K | $3.2M | $206.2K | $489.5K |
| Total current liabilities | $7.3M | $5.3M | $5.0M | $25.2M | $5.3M | $5.8M | $5.2M | $6.6M | $3.1M | $2.4M |
| Long-term debt | — | — | — | — | $155.4K | $254.4K | — | — | — | — |
| Total liabilities | $7.8M | $5.5M | $10.3M | $31.1M | $5.7M | $6.1M | $5.2M | $6.6M | $3.1M | $2.4M |
| Retained earnings | -$94.6M | -$90.7M | -$85.6M | -$62.6M | -$34.3M | -$23.4M | -$7.0M | -$434.9K | -$893.9K | -$4.5M |
| Total equity | $12.5M | $16.0M | $9.0M | $35.9M | $42.4M | -$357.9K | $15.4M | $19.5M | $14.7M | $6.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$2.7M | -$4.4M | -$33.6M | $5.9M | -$8.7M | -$3.9M | -$4.3M | -$1.8M | $3.0M | -$121.0K |
| Depreciation and amortisation | — | — | $164.3K | $533.6K | $432.9K | $402.3K | $130.9K | $94.9K | $49.4K | $59.5K |
| Stock-based compensation | — | — | $329.8K | $10.1M | — | $1.6M | $2.3M | $1.7M | — | $349.8K |
| Capital expenditure | — | $589 | $35.6K | $874.5K | $1.5M | $7.0K | $143.5K | $822.8K | $62.4K | $31.7K |
| Investing cash flow | — | $75.6K | -$2.2M | -$3.6M | -$1.5M | -$1.4K | -$143.5K | -$2.5M | -$62.4K | $294.4K |
| Financing cash flow | $2.6M | $4.5M | -$2.1M | $8.4M | $54.2M | $1.2M | $850.0K | $2.6M | $4.4M | $646.6K |
| Buybacks | — | — | — | — | — | — | — | — | — | $45.0K |
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 0001213900-25-098514.
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 | $7.3M | $11.4M | $23.1M | $41.8M | $6.5M | $5.2M | $4.0M | $4.5M | $3.1M | $1.8M |
| Gross profit | $3.6M | $6.5M | $7.5M | $5.8M | $2.9M | $176.6K | -$148.1K | $548.1K | -$478.3K | $51.4K |
| Net income | -$2.0M | $3.6M | $459.1K | -$6.5M | -$17.9M | -$11.3M | -$28.3M | -$23.0M | -$5.1M | -$3.9M |
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
- Material agreement signed Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Material agreement signed Item 1.01
- Unregistered share sale Item 3.02
- 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
- Material agreement signed Item 1.01
- Unregistered share sale Item 3.02
- Material agreement signed Item 1.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
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.
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| PSIG | PS International Group Ltd. | — | — | -39.1% |